Analysts Set Alarm.com Holdings, Inc. (NASDAQ:ALRM) PT at $64.33

Key Points

• Alarm.com Holdings, Inc. has received a consensus rating of "Moderate Buy" from analysts, with a price target averaging $64.33 among brokerages.
• The company reported better-than-expected quarterly earnings of $0.60 per share, surpassing estimates of $0.52 and showing an 8.8% revenue growth year-over-year.
• Insider trading activities included CFO Kevin Christopher Bradley selling 754 shares for approximately $42,789, which reflects a 1.40% decrease in his ownership stake.

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) has been given an average rating of "Moderate Buy" by the seven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $64.3333.

Separately, Zacks Research raised shares of Alarm.com from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th.

Insider Activity at Alarm.com

In other news, CFO Kevin Christopher Bradley sold 754 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $56.75, for a total transaction of $42,789.50. Following the completion of the transaction, the chief financial officer owned 53,056 shares in the company, valued at $3,010,928. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. boosted its holdings in shares of Alarm.com by 304.6% in the 1st quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock worth $39,000 after purchasing an additional 533 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Alarm.com during the second quarter valued at $43,000. Larson Financial Group LLC increased its position in Alarm.com by 235.5% during the first quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock valued at $51,000 after acquiring an additional 643 shares during the last quarter. Strs Ohio purchased a new stake in shares of Alarm.com in the first quarter valued at $56,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Alarm.com in the 2nd quarter worth about $57,000. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Price Performance

NASDAQ:ALRM traded up $1.32 on Friday, reaching $56.54. 398,301 shares of the company's stock traded hands, compared to its average volume of 348,219. The stock has a 50-day simple moving average of $56.25 and a 200-day simple moving average of $56.16. Alarm.com has a 12 month low of $48.23 and a 12 month high of $70.06. The firm has a market cap of $2.82 billion, a PE ratio of 23.76, a P/E/G ratio of 2.80 and a beta of 1.07. The company has a quick ratio of 1.82, a current ratio of 1.95 and a debt-to-equity ratio of 0.61.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its earnings results on Thursday, August 7th. The software maker reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. Alarm.com had a return on equity of 13.84% and a net margin of 13.27%.The firm had revenue of $254.31 million during the quarter, compared to analysts' expectations of $243.96 million. During the same quarter last year, the business posted $0.58 earnings per share. The firm's revenue was up 8.8% on a year-over-year basis. Alarm.com has set its FY 2025 guidance at 2.400-2.400 EPS. Equities research analysts forecast that Alarm.com will post 1.64 earnings per share for the current 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.