Alarm.com (NASDAQ:ALRM – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.
Several other equities research analysts also recently issued reports on the company. Wall Street Zen upgraded Alarm.com from a “hold” rating to a “buy” rating in a report on Sunday, August 16th. Weiss Ratings upgraded Alarm.com from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Barclays increased their price objective on Alarm.com from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $65.00 price target on shares of Alarm.com in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Alarm.com currently has a consensus rating of “Moderate Buy” and an average price target of $55.00.
Check Out Our Latest Analysis on Alarm.com
Alarm.com Stock Performance
Alarm.com (NASDAQ:ALRM – Get Free Report) last issued its earnings results on Thursday, August 6th. The software maker reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.12. Alarm.com had a net margin of 11.11% and a return on equity of 15.65%. The business had revenue of $277.73 million for the quarter, compared to the consensus estimate of $264.96 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. Alarm.com has set its FY 2026 guidance at 2.920-2.940 EPS. Research analysts forecast that Alarm.com will post 2.47 EPS for the current fiscal year.
Insider Activity at Alarm.com
In other Alarm.com news, insider Daniel Ramos sold 2,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.50, for a total transaction of $93,000.00. Following the transaction, the insider owned 53,099 shares in the company, valued at $2,469,103.50. This represents a 3.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen Trundle sold 6,073 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $43.78, for a total value of $265,875.94. Following the transaction, the chief executive officer directly owned 324,842 shares of the company’s stock, valued at $14,221,582.76. This trade represents a 1.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 30,873 shares of company stock worth $1,446,228. 4.80% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Alarm.com
Large investors have recently modified their holdings of the company. Denali Advisors LLC bought a new stake in Alarm.com during the second quarter worth $249,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Alarm.com by 0.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 106,840 shares of the software maker’s stock valued at $4,992,000 after acquiring an additional 977 shares during the period. American Capital Management Inc. purchased a new position in Alarm.com during the 2nd quarter valued at about $3,202,000. Winmill & CO. Inc. purchased a new position in shares of Alarm.com during the 2nd quarter valued at $5,891,000. Finally, Summit Creek Advisors LLC bought a new position in shares of Alarm.com in the second quarter worth $2,759,000. 91.74% of the stock is currently owned by institutional investors.
Alarm.com Company Profile
Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company’s interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.
Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.
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