Alarm.com (NASDAQ:ALRM) Upgraded at StockNews.com

StockNews.com upgraded shares of Alarm.com (NASDAQ:ALRM - Free Report) from a hold rating to a buy rating in a report published on Wednesday.

Several other brokerages have also commented on ALRM. Barclays upped their price target on Alarm.com from $60.00 to $67.00 and gave the company an "equal weight" rating in a research note on Friday, November 8th. Jefferies Financial Group initiated coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They set a "buy" rating and a $65.00 price target for the company. Roth Mkm lowered their price objective on shares of Alarm.com from $78.00 to $73.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Finally, The Goldman Sachs Group lifted their price objective on Alarm.com from $64.00 to $67.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $64.40.

Alarm.com Price Performance

Shares of ALRM stock traded down $3.32 during mid-day trading on Wednesday, hitting $64.54. 491,619 shares of the stock were exchanged, compared to its average volume of 378,233. The company has a market cap of $3.19 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 4.08 and a beta of 0.97. Alarm.com has a 52-week low of $51.87 and a 52-week high of $77.29. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. The firm has a fifty day moving average of $59.96 and a 200 day moving average of $60.67.

Insider Buying and Selling

In related news, Director Stephen C. Evans sold 2,625 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the completion of the transaction, the director now owns 5,767 shares of the company's stock, valued at approximately $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen Trundle sold 47,500 shares of Alarm.com stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the transaction, the chief executive officer now owns 252,682 shares in the company, valued at approximately $17,227,858.76. This trade represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,976 shares of company stock worth $5,576,490 in the last three months. Corporate insiders own 5.60% of the company's stock.

Institutional Trading of Alarm.com

Several large investors have recently bought and sold shares of the company. Oakworth Capital Inc. acquired a new position in Alarm.com during the 3rd quarter valued at approximately $38,000. Quarry LP lifted its position in Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker's stock valued at $39,000 after purchasing an additional 525 shares during the last quarter. Huntington National Bank boosted its stake in Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker's stock valued at $58,000 after purchasing an additional 367 shares during the period. Point72 DIFC Ltd grew its position in 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 purchasing an additional 1,101 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Alarm.com in the second quarter valued at approximately $108,000. Institutional investors and hedge funds own 91.74% of the company's stock.

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.