StockNews.com Begins Coverage on Alarm.com (NASDAQ:ALRM)

Analysts at StockNews.com started coverage on shares of Alarm.com (NASDAQ:ALRM – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the software maker’s stock.

ALRM has been the topic of a number of other research reports. Maxim Group reduced their price objective on Alarm.com from $75.00 to $70.00 in a research note on Monday, February 27th. Barclays boosted their price objective on Alarm.com from $52.00 to $54.00 in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.50.

Alarm.com Price Performance

ALRM stock opened at $50.42 on Thursday. The stock has a 50-day moving average price of $48.51 and a two-hundred day moving average price of $50.59. Alarm.com has a 12-month low of $44.92 and a 12-month high of $78.99. The company has a current ratio of 5.46, a quick ratio of 4.73 and a debt-to-equity ratio of 0.79. The company has a market cap of $2.51 billion, a PE ratio of 42.73, a price-to-earnings-growth ratio of 8.56 and a beta of 1.03.

Alarm.com (NASDAQ:ALRM – Get Rating) last issued its quarterly earnings data on Wednesday, May 10th. The software maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.14. The company had revenue of $209.72 million for the quarter, compared to analysts’ expectations of $207.28 million. Alarm.com had a return on equity of 11.00% and a net margin of 7.28%. As a group, research analysts predict that Alarm.com will post 0.62 EPS for the current year.

Insider Buying and Selling

In related news, CFO Steve Valenzuela sold 1,572 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $49.64, for a total value of $78,034.08. Following the completion of the sale, the chief financial officer now directly owns 34,259 shares of the company’s stock, valued at $1,700,616.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Steve Valenzuela sold 1,572 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $49.64, for a total value of $78,034.08. Following the completion of the sale, the chief financial officer now directly owns 34,259 shares of the company’s stock, valued at $1,700,616.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey A. Bedell sold 63,787 shares of the business’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $50.18, for a total value of $3,200,831.66. Following the completion of the sale, the insider now directly owns 469,282 shares of the company’s stock, valued at $23,548,570.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,190 shares of company stock worth $3,617,957. 5.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alarm.com

Institutional investors have recently made changes to their positions in the stock. Arcus Capital Partners LLC acquired a new stake in shares of Alarm.com during the 4th quarter worth approximately $30,000. Bessemer Group Inc. raised its position in shares of Alarm.com by 116.4% during the 3rd quarter. Bessemer Group Inc. now owns 632 shares of the software maker’s stock worth $41,000 after purchasing an additional 340 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Alarm.com during the 4th quarter worth approximately $46,000. Tower Research Capital LLC TRC raised its position in shares of Alarm.com by 422.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,055 shares of the software maker’s stock worth $53,000 after purchasing an additional 853 shares during the period. Finally, National Bank of Canada FI raised its position in shares of Alarm.com by 26.1% during the 4th quarter. National Bank of Canada FI now owns 1,136 shares of the software maker’s stock worth $56,000 after purchasing an additional 235 shares during the period. 91.93% of the stock is owned by institutional investors.

Alarm.com Company Profile

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Alarm.com Holdings, Inc engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.