Alarm.com Holdings, Inc. (NASDAQ:ALRM) Given Consensus Rating of “Moderate Buy” by Analysts

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $68.83.

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

Insider Buying and Selling

In related news, CEO Stephen Trundle sold 50,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $73.80, for a total transaction of $3,690,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,289,343 shares in the company, valued at approximately $95,153,513.40. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Steve Valenzuela sold 7,083 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $75.34, for a total transaction of $533,633.22. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,825,250. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephen Trundle sold 50,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $73.80, for a total value of $3,690,000.00. Following the transaction, the chief executive officer now owns 1,289,343 shares of the company’s stock, valued at $95,153,513.40. The disclosure for this sale can be found here. Insiders sold a total of 111,532 shares of company stock worth $8,116,333 in the last three months. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Alarm.com by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 469,746 shares of the software maker’s stock worth $28,720,000 after purchasing an additional 27,243 shares in the last quarter. Algert Global LLC grew its stake in shares of Alarm.com by 22.2% in the third quarter. Algert Global LLC now owns 147,301 shares of the software maker’s stock worth $9,006,000 after purchasing an additional 26,799 shares in the last quarter. Pathstone Family Office LLC grew its stake in shares of Alarm.com by 184.2% in the third quarter. Pathstone Family Office LLC now owns 14,266 shares of the software maker’s stock worth $881,000 after purchasing an additional 9,247 shares in the last quarter. Richard Bernstein Advisors LLC bought a new position in shares of Alarm.com in the third quarter worth $5,431,000. Finally, FMR LLC grew its stake in shares of 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 purchasing an additional 310,684 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

Alarm.com Stock Performance

Shares of ALRM opened at $65.97 on Friday. The business’s 50 day moving average is $70.99 and its two-hundred day moving average is $63.39. Alarm.com has a 52-week low of $44.92 and a 52-week high of $77.29. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 43.12, a PEG ratio of 3.73 and a beta of 0.94. The company has a quick ratio of 4.91, a current ratio of 5.46 and a debt-to-equity ratio of 0.72.

Alarm.com (NASDAQ:ALRM) last announced its earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Alarm.com had a net margin of 9.19% and a return on equity of 11.61%. The business had revenue of $226.20 million during the quarter, compared to analyst estimates of $224.93 million. During the same period in the previous year, the company earned $0.33 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Analysts forecast that Alarm.com will post 1.39 EPS for the current fiscal year.

About Alarm.com

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.