Alarm.com (NASDAQ:ALRM) Shares Gap Up on Analyst Upgrade

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) shares gapped up prior to trading on Friday after Barclays raised their price target on the stock from $60.00 to $67.00. The stock had previously closed at $57.14, but opened at $65.90. Barclays currently has an equal weight rating on the stock. Alarm.com shares last traded at $63.48, with a volume of 45,088 shares changing hands.

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

Insider Buying and Selling

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the sale, the insider now owns 41,100 shares of the company's stock, valued at $2,540,391. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the 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 sale, the insider now directly owns 41,100 shares of the company's stock, valued at approximately $2,540,391. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the sale, the chief financial officer now directly owns 37,500 shares of the company's stock, valued at approximately $2,260,125. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Oakworth Capital Inc. acquired a new position in Alarm.com in the third quarter valued at approximately $38,000. Huntington National Bank lifted its position in shares of Alarm.com by 52.4% during the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker's stock worth $58,000 after buying an additional 367 shares during the last quarter. Point72 DIFC Ltd boosted 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 valued at $94,000 after buying an additional 1,101 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Alarm.com in the 2nd quarter valued at $108,000. Finally, CWM LLC raised its stake in Alarm.com by 42.0% during the 2nd quarter. CWM LLC now owns 2,088 shares of the software maker's stock worth $133,000 after acquiring an additional 618 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company's stock.

Alarm.com Trading Up 11.1 %

The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $3.13 billion, a PE ratio of 31.64, a PEG ratio of 3.25 and a beta of 0.90. The business's 50-day moving average is $54.73 and its two-hundred day moving average is $61.39.

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