Alarm.com (NASDAQ:ALRM) Rating Lowered to “Hold” at StockNews.com

Alarm.com (NASDAQ:ALRM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Other analysts also recently issued research reports about the stock. 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. reissued an “underweight” rating and set a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a research note on Monday. The Goldman Sachs Group upped their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Barclays boosted their price objective on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group began coverage on Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.40.

Alarm.com Trading Down 1.4 %

ALRM opened at $60.50 on Monday. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 3.81 and a beta of 0.90. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70. Alarm.com has a fifty-two week low of $51.87 and a fifty-two week high of $77.29. The company’s 50 day moving average price is $54.90 and its two-hundred day moving average price is $61.25.

Insider Transactions at Alarm.com

In related news, 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 value of $445,998.00. Following the completion of the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Daniel Ramos sold 9,476 shares of the 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 directly owns 41,100 shares of the company’s stock, valued at $2,540,391. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the transaction, the chief financial officer now directly 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. 5.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Alarm.com

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its position in shares of Alarm.com by 584.7% during the second quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock valued at $1,472,000 after purchasing an additional 19,785 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Alarm.com by 8.6% in the 1st quarter. Sei Investments Co. now owns 149,464 shares of the software maker’s stock worth $10,831,000 after buying an additional 11,776 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Alarm.com in the first quarter valued at approximately $544,000. UniSuper Management Pty Ltd purchased a new stake in shares of Alarm.com during the first quarter valued at approximately $759,000. Finally, Janus Henderson Group PLC lifted its holdings in Alarm.com by 36.8% during the first quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock worth $2,379,000 after acquiring an additional 8,843 shares during the period. 91.74% of the stock is currently owned by institutional investors.

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.