Alarm.com (NASDAQ:ALRM) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Alarm.com (NASDAQ:ALRM) from a buy rating to a hold rating in a report released on Tuesday morning.

Several other brokerages have also recently issued reports on ALRM. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 target price (down from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Roth Mkm lowered their price objective 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. Jefferies Financial Group assumed 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 for the company. The Goldman Sachs Group upped their target price 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. Finally, Barclays lifted their price target on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $64.40.

Alarm.com Trading Down 0.3 %

Shares of ALRM stock opened at $68.06 on Tuesday. The stock’s 50-day moving average price is $58.46 and its 200-day moving average price is $60.63. Alarm.com has a 12-month low of $51.87 and a 12-month high of $77.29. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 4.10 and a beta of 0.97. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42.

Insider Buying and Selling

In related news, Director Stephen C. Evans sold 2,625 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total transaction of $156,633.75. Following the completion of the transaction, the director now owns 5,767 shares in the company, valued at $344,116.89. The trade was a 31.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Alarm.com

Several institutional investors and hedge funds have recently made changes to their positions in ALRM. Oakworth Capital Inc. purchased a new position in Alarm.com in the 3rd quarter worth about $38,000. Quarry LP increased its position in shares of Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker’s stock worth $39,000 after acquiring an additional 525 shares during the period. Huntington National Bank raised its stake in shares of Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after acquiring an additional 367 shares in the last quarter. Point72 DIFC Ltd boosted its holdings in shares of Alarm.com by 293.6% in the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock valued at $94,000 after purchasing an additional 1,101 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in Alarm.com in the second quarter worth 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.