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

Alarm.com (NASDAQ:ALRM) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other brokerages have also weighed in on ALRM. The Goldman Sachs Group boosted their target price on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Jefferies Financial Group started coverage on shares of Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 price objective for the company. Roth Mkm cut their target price 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. Barclays increased their price target on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 price target (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com Stock Up 0.2 %

Alarm.com stock opened at $68.17 on Tuesday. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 29.51, a PEG 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. Alarm.com has a 12 month low of $51.87 and a 12 month high of $77.29. The stock has a fifty day simple moving average of $58.77 and a two-hundred day simple moving average of $60.69.

Insider Activity

In related news, CEO Stephen Trundle sold 47,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 252,682 shares in the company, valued at approximately $17,227,858.76. The trade was a 15.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen C. Evans sold 2,625 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 5,767 shares in the company, valued at approximately $344,116.89. The trade was a 31.28 % decrease in their position. The disclosure for this sale can be found here. 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 modified their holdings of ALRM. Assenagon Asset Management S.A. boosted its holdings in Alarm.com by 230.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock worth $20,844,000 after buying an additional 265,936 shares during the period. Bank of Montreal Can lifted its holdings in Alarm.com by 2,394.6% in the 2nd quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock worth $17,406,000 after purchasing an additional 262,757 shares in the last quarter. M&G PLC purchased a new position in Alarm.com during the third quarter valued at $9,583,000. Disciplined Growth Investors Inc. MN increased its holdings in shares of Alarm.com by 6.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock worth $157,168,000 after purchasing an additional 163,851 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Alarm.com by 1,729.4% during the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker’s stock worth $7,512,000 after acquiring an additional 111,768 shares in the last quarter. 91.74% of the stock is owned by hedge funds and other 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.