Alarm.com (NASDAQ:ALRM) Earns “Underweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Alarm.com (NASDAQ:ALRM) in a research report released on Monday, Marketbeat reports. The firm currently has a $50.00 price target on the software maker’s stock, down from their previous price target of $65.00.

A number of other analysts have also recently commented on the company. Barclays upped their price objective on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Roth Mkm reduced their price target 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. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Jefferies Financial Group initiated coverage on shares of Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. Finally, The Goldman Sachs Group lifted their price target on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $64.40.

Alarm.com Trading Up 0.7 %

NASDAQ:ALRM opened at $60.95 on Monday. The company has a market cap of $3.01 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 4.24 and a beta of 0.90. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The company has a 50 day simple moving average of $54.95 and a two-hundred day simple moving average of $61.25. Alarm.com has a 12 month low of $51.87 and a 12 month high of $77.29.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the transaction, the insider now directly owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was 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 owns 37,500 shares in the company, valued at approximately $2,260,125. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ALRM. Oakworth Capital Inc. bought a new position in Alarm.com during the third quarter valued at approximately $38,000. Huntington National Bank raised 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 acquiring an additional 367 shares in the last quarter. Point72 DIFC Ltd raised 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 acquiring an additional 1,101 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Alarm.com during the 2nd quarter valued at approximately $108,000. Finally, CWM LLC grew its holdings in shares of Alarm.com by 42.0% in the second quarter. CWM LLC now owns 2,088 shares of the software maker’s stock valued at $133,000 after purchasing an additional 618 shares in the last quarter. Hedge funds and other 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.