Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives Average Recommendation of “Hold” from Brokerages

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has received an average rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $64.40.

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. Roth Mkm reduced their price objective on 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 issued a $50.00 target price (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. The Goldman Sachs Group raised their price target on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a 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.

Insider Activity at Alarm.com

In related news, CEO Stephen Trundle sold 47,500 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Kerzner sold 32,851 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $66.40, for a total value of $2,181,306.40. Following the completion of the transaction, the insider now directly owns 59,668 shares in the company, valued at $3,961,955.20. The trade was a 35.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,976 shares of company stock worth $5,576,490 over the last quarter. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Alarm.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oakworth Capital Inc. purchased a new position in shares of Alarm.com during the 3rd quarter worth $38,000. Quarry LP lifted its position in Alarm.com by 291.7% during the third quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after purchasing an additional 525 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Alarm.com by 134.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after purchasing an additional 539 shares during the period. Huntington National Bank increased its position in Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after buying an additional 367 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Alarm.com by 29.5% in the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock worth $64,000 after buying an additional 238 shares in the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Stock Performance

Shares of ALRM stock opened at $61.46 on Monday. 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’s fifty day moving average price is $63.09 and its 200-day moving average price is $60.39. The stock has a market cap of $3.04 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 3.72 and a beta of 0.98. Alarm.com has a 12 month low of $51.87 and a 12 month high of $77.29.

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.