Analysts Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) Price Target at $64.40

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) has been assigned a consensus rating of "Hold" from the six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $61.20.

A number of analysts recently issued reports on ALRM shares. Barclays decreased their price objective on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group decreased their price target on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Thursday.

Insider Transactions at Alarm.com

In related news, CFO Steve Valenzuela sold 3,436 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the sale, the chief financial officer now owns 37,500 shares of the company's stock, valued at approximately $2,191,875. This represents a 8.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel Kerzner sold 932 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the completion of the transaction, the insider now owns 58,736 shares of the company's stock, valued at $3,259,260.64. This trade represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,921 shares of company stock worth $338,727 over the last quarter. Corporate insiders own 5.60% of the company's stock.

Hedge Funds Weigh In On Alarm.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Alarm.com by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker's stock worth $383,091,000 after purchasing an additional 68,907 shares in the last quarter. Northern Trust Corp raised its position in shares of Alarm.com by 1.5% during the 4th quarter. Northern Trust Corp now owns 704,309 shares of the software maker's stock valued at $42,822,000 after buying an additional 10,674 shares in the last quarter. Burgundy Asset Management Ltd. purchased a new position in Alarm.com in the fourth quarter worth $42,490,000. Norges Bank purchased a new stake in Alarm.com during the fourth quarter valued at about $34,841,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Alarm.com by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker's stock worth $32,247,000 after purchasing an additional 8,840 shares during the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Alarm.com Stock Down 0.4 %

Shares of NASDAQ ALRM traded down $0.20 during trading on Monday, hitting $50.40. The stock had a trading volume of 236,297 shares, compared to its average volume of 414,736. The firm has a fifty day moving average of $56.93 and a two-hundred day moving average of $59.05. The company has a market capitalization of $2.50 billion, a PE ratio of 22.01, a PEG ratio of 3.59 and a beta of 1.03. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. Alarm.com has a 12 month low of $48.23 and a 12 month high of $71.98.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). The firm had revenue of $242.24 million during the quarter, compared to analysts' expectations of $237.44 million. Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. As a group, equities research analysts forecast that Alarm.com will post 1.64 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.