Brokerages Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) Price Target at $64.33

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $64.33.

Several research analysts have weighed in on the stock. Barclays lowered their target price on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group reduced their price target on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Finally, Raymond James Financial reduced their price target on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a report on Friday, May 9th.

Alarm.com Trading Up 0.0%

Shares of ALRM opened at $57.07 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.01 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average is $56.81 and its two-hundred day moving average is $58.11. Alarm.com has a twelve month low of $48.23 and a twelve month high of $71.98. The firm has a market capitalization of $2.84 billion, a P/E ratio of 24.08, a PEG ratio of 3.05 and a beta of 0.99.

Insider Buying and Selling

In related news, insider Jeffrey A. Bedell sold 2,204 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total transaction of $124,878.64. Following the transaction, the insider owned 505,805 shares of the company’s stock, valued at approximately $28,658,911.30. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kevin Christopher Bradley sold 754 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $56.75, for a total transaction of $42,789.50. Following the transaction, the chief financial officer directly owned 53,056 shares in the company, valued at $3,010,928. The trade was a 1.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,167 shares of company stock valued at $1,994,181. 5.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alarm.com

Several institutional investors and hedge funds have recently modified their holdings of the company. Voya Investment Management LLC lifted its stake in shares of Alarm.com by 44.8% during the first quarter. Voya Investment Management LLC now owns 39,629 shares of the software maker’s stock valued at $2,205,000 after buying an additional 12,257 shares during the period. Strs Ohio purchased a new position in shares of Alarm.com during the first quarter valued at approximately $56,000. Intech Investment Management LLC lifted its stake in shares of Alarm.com by 20.6% during the first quarter. Intech Investment Management LLC now owns 31,356 shares of the software maker’s stock valued at $1,745,000 after buying an additional 5,363 shares during the period. Jane Street Group LLC lifted its stake in shares of Alarm.com by 610.0% during the first quarter. Jane Street Group LLC now owns 114,715 shares of the software maker’s stock valued at $6,384,000 after buying an additional 98,557 shares during the period. Finally, Bayforest Capital Ltd lifted its stake in shares of Alarm.com by 351.4% during the first quarter. Bayforest Capital Ltd now owns 4,830 shares of the software maker’s stock valued at $269,000 after buying an additional 3,760 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

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.