Alarm.com (NASDAQ:ALRM) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Alarm.com (NASDAQ:ALRM) from a buy rating to a hold rating in a report published on Monday morning.

Other equities analysts have also recently issued research reports about the stock. The Goldman Sachs Group raised their target price on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Jefferies Financial Group began coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price on the stock. Barclays raised their target price on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Roth Mkm dropped their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Alarm.com has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com Stock Performance

Shares of ALRM stock opened at $59.93 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. Alarm.com has a one year low of $51.87 and a one year high of $77.29. The company’s 50-day simple moving average is $54.99 and its 200-day simple moving average is $61.24. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 4.24 and a beta of 0.90.

Insider Buying and Selling at Alarm.com

In related news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. The trade was a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The trade was a 16.48 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Oakworth Capital Inc. bought a new position in Alarm.com in the 3rd quarter worth $38,000. Huntington National Bank increased its holdings in shares of Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after purchasing an additional 367 shares during the period. Point72 DIFC Ltd increased its holdings in shares of Alarm.com by 293.6% during the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after purchasing an additional 1,101 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Alarm.com during the 2nd quarter worth about $108,000. Finally, CWM LLC increased its holdings in shares of Alarm.com by 42.0% during the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker’s stock worth $133,000 after purchasing an additional 618 shares during the period. Institutional investors own 91.74% of the company’s stock.

Alarm.com Company Profile

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.