Brokerages Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) PT at $68.83

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $68.83.

Several research analysts have recently commented on ALRM shares. TheStreet upgraded Alarm.com from a “c+” rating to a “b-” rating in a report on Friday, February 23rd. StockNews.com raised Alarm.com from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. lifted their target price on shares of Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Barclays increased their price target on shares of Alarm.com from $66.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. Finally, Roth Mkm boosted their price objective on shares of Alarm.com from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd.

Insiders Place Their Bets

In related news, CEO Stephen Trundle sold 50,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $73.80, for a total value of $3,690,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,289,343 shares of the company’s stock, valued at $95,153,513.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Daniel Kerzner sold 28,433 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $69.98, for a total transaction of $1,989,741.34. Following the sale, the insider now owns 57,351 shares of the company’s stock, valued at $4,013,422.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen Trundle sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $73.80, for a total transaction of $3,690,000.00. Following the transaction, the chief executive officer now directly owns 1,289,343 shares of the company’s stock, valued at approximately $95,153,513.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,532 shares of company stock worth $8,116,333. 5.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Alarm.com

Hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in Alarm.com in the 4th quarter worth about $33,277,000. FMR LLC raised its holdings in Alarm.com by 18,200.6% in the third quarter. FMR LLC now owns 312,391 shares of the software maker’s stock worth $19,100,000 after buying an additional 310,684 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Alarm.com in the third quarter worth approximately $14,285,000. Evanson Asset Management LLC grew its holdings in shares of Alarm.com by 249.4% during the third quarter. Evanson Asset Management LLC now owns 194,525 shares of the software maker’s stock valued at $11,893,000 after buying an additional 138,850 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Alarm.com by 383.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 165,031 shares of the software maker’s stock valued at $10,664,000 after acquiring an additional 130,901 shares in the last quarter. 91.74% of the stock is owned by institutional investors.

Alarm.com Stock Performance

NASDAQ:ALRM opened at $66.45 on Friday. Alarm.com has a 1-year low of $44.92 and a 1-year high of $77.29. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.46 and a quick ratio of 4.91. The business has a 50 day moving average of $70.85 and a 200 day moving average of $63.53. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 43.43, a PEG ratio of 3.74 and a beta of 0.94.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $226.20 million during the quarter, compared to the consensus estimate of $224.93 million. Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, sell-side analysts predict that Alarm.com will post 1.39 earnings per share for the current fiscal year.

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.