Alarm.com (NASDAQ:ALRM) Upgraded by StockNews.com to Buy Rating

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

Other analysts have also issued research reports about the company. The Goldman Sachs Group increased their target price on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Roth Mkm decreased their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Barclays upped their target price on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 price target (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Finally, Jefferies Financial Group started coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $64.40.

Alarm.com Stock Up 4.1 %

ALRM stock opened at $64.86 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. The firm has a market capitalization of $3.21 billion, a P/E ratio of 28.08, a P/E/G ratio of 3.73 and a beta of 0.90. Alarm.com has a 52-week low of $51.87 and a 52-week high of $77.29. The company’s 50 day simple moving average is $55.67 and its 200-day simple moving average is $60.81.

Insider Buying and Selling at Alarm.com

In other news, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the transaction, the director now owns 5,767 shares in the company, valued at $344,116.89. This represents a 31.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Alarm.com

A number of large investors have recently bought and sold shares of the business. Oakworth Capital Inc. acquired a new stake in shares of Alarm.com in the third quarter worth about $38,000. Quarry LP raised its stake in shares of Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after acquiring an additional 525 shares in the last quarter. Huntington National Bank boosted its position in Alarm.com by 52.4% during the third 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 boosted its position in Alarm.com by 293.6% during the second 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. Finally, Canada Pension Plan Investment Board acquired a new position in Alarm.com during the second quarter valued at approximately $108,000. 91.74% of the stock is currently owned by institutional investors.

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.