Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives $64.33 Consensus Target Price from Brokerages

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) have received an average rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $64.33.

ALRM has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their price target on Alarm.com from $66.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Barclays reduced their price objective on Alarm.com from $67.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Finally, Raymond James decreased their target price on Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating for the company in a research report on Friday, May 9th.

Insider Buying and Selling

In related news, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at approximately $2,191,875. This trade represents a 8.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Trundle sold 3,644 shares of the business’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $56.66, for a total value of $206,469.04. Following the completion of the sale, the chief executive officer now owns 268,859 shares in the company, valued at $15,233,550.94. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,334 shares of company stock valued at $2,290,118. 5.80% of the stock is owned by company insiders.

Institutional Trading of Alarm.com

Several hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new position in Alarm.com in the 4th quarter valued at approximately $25,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Alarm.com during the fourth quarter worth $36,000. Bessemer Group Inc. boosted its holdings in shares of Alarm.com by 304.6% in the first quarter. Bessemer Group Inc. now owns 708 shares of the software maker’s stock worth $39,000 after acquiring an additional 533 shares during the period. Larson Financial Group LLC grew its position in shares of Alarm.com by 235.5% in the first quarter. Larson Financial Group LLC now owns 916 shares of the software maker’s stock valued at $51,000 after purchasing an additional 643 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Alarm.com in the first quarter valued at $56,000. Institutional investors own 91.74% of the company’s stock.

Alarm.com Trading Up 0.9%

NASDAQ:ALRM opened at $58.29 on Tuesday. Alarm.com has a 52 week low of $48.23 and a 52 week high of $71.98. The firm has a 50-day moving average price of $54.67 and a two-hundred day moving average price of $59.14. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 3.59 and a beta of 1.02.

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.