Alarm.com (NASDAQ:ALRM - Get Free Report) had its target price decreased by stock analysts at Barclays from $67.00 to $60.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the software maker's stock. Barclays's price objective would indicate a potential upside of 19.05% from the company's current price.
Separately, StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $61.20.
View Our Latest Report on Alarm.com
Alarm.com Stock Down 0.4 %
NASDAQ:ALRM traded down $0.20 during trading hours on Monday, hitting $50.40. 236,297 shares of the stock traded hands, compared to its average volume of 413,877. The firm has a 50 day moving average price of $56.93 and a 200 day moving average price of $59.05. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 3.59 and a beta of 1.03. The company has a current ratio of 7.85, a quick ratio of 7.38 and a debt-to-equity ratio of 1.35. Alarm.com has a fifty-two week low of $48.23 and a fifty-two week high of $71.98.
Alarm.com (NASDAQ:ALRM - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The company had revenue of $242.24 million for the quarter, compared to analysts' expectations of $237.44 million. Equities research analysts anticipate that Alarm.com will post 1.64 earnings per share for the current year.
Insider Buying and Selling at Alarm.com
In other Alarm.com news, insider Daniel Kerzner sold 932 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. This represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total value of $200,834.20. Following the completion of the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,191,875. The trade was a 8.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,921 shares of company stock worth $338,727 over the last 90 days. Insiders own 5.60% of the company's stock.
Institutional Trading of Alarm.com
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. increased its position in Alarm.com by 3.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker's stock worth $301,000 after acquiring an additional 172 shares during the period. Daiwa Securities Group Inc. grew its position in Alarm.com by 8.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock worth $162,000 after buying an additional 200 shares in the last quarter. GAMMA Investing LLC increased its stake in Alarm.com by 29.5% during the fourth quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock valued at $64,000 after acquiring an additional 238 shares during the period. MetLife Investment Management LLC raised its holdings in Alarm.com by 1.0% in the 4th quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker's stock valued at $1,710,000 after acquiring an additional 281 shares in the last quarter. Finally, Quarry LP raised its holdings in Alarm.com by 43.0% in the 4th quarter. Quarry LP now owns 1,008 shares of the software maker's stock valued at $61,000 after acquiring an additional 303 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company's stock.
About Alarm.com
(
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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.
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