Analysts Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) Price Target at $64.40

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have been given an average rating of “Hold” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $64.40.

Several research analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. Roth Mkm decreased their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Finally, The Goldman Sachs Group upped their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th.

Alarm.com Price Performance

ALRM stock opened at $60.70 on Thursday. The company has a market capitalization of $3.00 billion, a P/E ratio of 26.28, a PEG ratio of 4.08 and a beta of 0.98. The company has a fifty day moving average price of $62.18 and a 200-day moving average price of $60.62. 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 52-week low of $51.87 and a 52-week high of $77.29.

Insider Transactions at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 47,500 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total value of $3,238,550.00. Following the transaction, the chief executive officer now owns 252,682 shares in the company, valued at approximately $17,227,858.76. This represents a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen C. Evans sold 2,625 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total value of $156,633.75. Following the sale, the director now owns 5,767 shares of the company’s stock, valued at approximately $344,116.89. This represents a 31.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,976 shares of company stock valued at $5,576,490 in the last quarter. 5.60% of the stock is currently owned by company insiders.

Institutional Trading of Alarm.com

Several hedge funds have recently bought and sold shares of the business. Oakworth Capital Inc. bought a new position in shares of Alarm.com in the third quarter valued at $38,000. Quarry LP raised its holdings in shares of Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock worth $39,000 after acquiring an additional 525 shares during the last quarter. GAMMA Investing LLC lifted its position in Alarm.com by 29.5% in the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after acquiring an additional 238 shares in the last quarter. Huntington National Bank boosted its stake in Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after purchasing an additional 367 shares during the last quarter. Finally, Point72 DIFC Ltd increased its holdings in 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 in the last quarter. Institutional investors and hedge funds 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.