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

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has earned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $64.40.

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective 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. Roth Mkm lowered their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. StockNews.com lowered Alarm.com from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Jefferies Financial Group initiated coverage on Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price target on the stock. Finally, Barclays boosted their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th.

Alarm.com Trading Down 0.1 %

NASDAQ:ALRM opened at $59.85 on Wednesday. The stock’s 50 day moving average price is $55.09 and its 200 day moving average price is $61.11. Alarm.com has a 52 week low of $51.87 and a 52 week high of $77.29. The company has a market capitalization of $2.96 billion, a P/E ratio of 25.91, a P/E/G ratio of 4.08 and a beta of 0.90. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66.

Insider Buying and Selling

In related news, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,260,125. The trade was a 16.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was 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 $2,540,391. This represents a 18.74 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alarm.com

Several institutional investors and hedge funds have recently bought and sold shares of ALRM. Disciplined Growth Investors Inc. MN boosted its position in shares of Alarm.com by 6.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock valued at $157,168,000 after acquiring an additional 163,851 shares in the last quarter. Barclays PLC lifted its stake in Alarm.com by 323.2% during the third quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock worth $4,997,000 after purchasing an additional 69,804 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Alarm.com in the 3rd quarter valued at approximately $1,322,000. XTX Topco Ltd grew its stake in shares of Alarm.com by 15.5% in the 3rd quarter. XTX Topco Ltd now owns 6,529 shares of the software maker’s stock valued at $357,000 after purchasing an additional 877 shares during the period. Finally, DF Dent & Co. Inc. raised its holdings in shares of Alarm.com by 23.3% in the 3rd quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker’s stock worth $19,648,000 after buying an additional 67,824 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

About Alarm.com

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.