Barclays Issues Positive Forecast for Alarm.com (NASDAQ:ALRM) Stock Price

Alarm.com (NASDAQ:ALRM - Get Free Report) had its price objective raised by Barclays from $60.00 to $67.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the software maker's stock. Barclays's price target indicates a potential upside of 5.50% from the stock's previous close.

ALRM has been the topic of several other research reports. Jefferies Financial Group began coverage on shares of Alarm.com in a research report on Tuesday. They issued a "buy" rating and a $65.00 price objective on the stock. Roth Mkm decreased their target price on Alarm.com from $78.00 to $73.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. The Goldman Sachs Group boosted their target price on Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a research note on Friday. Finally, StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a research note on Friday, September 13th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $68.40.

Alarm.com Stock Up 11.1 %

Shares of NASDAQ:ALRM traded up $6.37 during mid-day trading on Friday, hitting $63.51. 903,713 shares of the company traded hands, compared to its average volume of 370,904. The stock has a 50-day moving average price of $54.81 and a two-hundred day moving average price of $61.38. Alarm.com has a 12-month low of $51.19 and a 12-month high of $77.29. The stock has a market cap of $3.13 billion, a P/E ratio of 31.60, a P/E/G ratio of 3.25 and a beta of 0.90. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52.

Alarm.com (NASDAQ:ALRM - Get Free Report) last announced its earnings results on Thursday, August 8th. The software maker reported $0.58 EPS for the quarter, beating the consensus estimate of $0.49 by $0.09. The company had revenue of $233.80 million during the quarter, compared to the consensus estimate of $227.35 million. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, equities research analysts forecast that Alarm.com will post 1.4 earnings per share for the current year.

Insider Buying and Selling at Alarm.com

In other news, insider Daniel Ramos sold 9,476 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the transaction, the insider now directly owns 41,100 shares in the company, valued at approximately $2,540,391. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Daniel Ramos sold 9,476 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the transaction, the insider now directly owns 41,100 shares in the company, valued at $2,540,391. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the sale, the chief financial officer now owns 37,500 shares of the company's stock, valued at approximately $2,260,125. This trade represents a 0.00 % 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 have recently made changes to their positions in the stock. Oakworth Capital Inc. bought a new stake in Alarm.com during the third quarter worth about $38,000. Huntington National Bank grew its position in Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker's stock valued at $58,000 after acquiring an additional 367 shares during the last quarter. Point72 DIFC Ltd lifted its holdings in shares of Alarm.com by 293.6% in the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker's stock worth $94,000 after acquiring an additional 1,101 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Alarm.com in the 2nd quarter valued at $108,000. Finally, CWM LLC grew its holdings in shares of Alarm.com by 42.0% during the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker's stock valued at $133,000 after purchasing an additional 618 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

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.