Alarm.com Holdings, Inc. (NASDAQ:ALRM) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $64.33.

Several research analysts have recently issued reports on ALRM shares. Raymond James reduced their price target on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a research report on Friday, May 9th. The Goldman Sachs Group reduced their target price on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, Barclays reduced their target price on Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th.

Insider Activity

In other news, insider Daniel Kerzner sold 932 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total value of $51,716.68. Following the sale, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. The trade was a 1.56% 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. Also, CEO Stephen Trundle sold 3,644 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total value of $206,469.04. Following the completion of the sale, the chief executive officer now owns 268,859 shares in the company, valued at $15,233,550.94. The trade was a 1.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,334 shares of company stock worth $2,290,118 over the last three months. Corporate insiders own 5.80% of the company's stock.

Institutional Investors Weigh In On Alarm.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALRM. Vanguard Group Inc. raised its holdings in Alarm.com by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker's stock worth $383,091,000 after acquiring an additional 68,907 shares in the last quarter. Geneva Capital Management LLC raised its holdings in Alarm.com by 0.9% during the first quarter. Geneva Capital Management LLC now owns 1,310,216 shares of the software maker's stock worth $72,913,000 after acquiring an additional 12,198 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Alarm.com by 26.3% during the 1st quarter. Burgundy Asset Management Ltd. now owns 882,351 shares of the software maker's stock worth $49,103,000 after purchasing an additional 183,503 shares in the last quarter. Northern Trust Corp raised its stake in shares of Alarm.com by 1.5% during the 4th quarter. Northern Trust Corp now owns 704,309 shares of the software maker's stock worth $42,822,000 after purchasing an additional 10,674 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Alarm.com during the 4th quarter worth approximately $34,841,000. 91.74% of the stock is owned by institutional investors.

Alarm.com Trading Up 0.9%

ALRM traded up $0.53 during mid-day trading on Tuesday, reaching $58.29. The stock had a trading volume of 168,127 shares, compared to its average volume of 402,906. The firm's fifty day simple moving average is $54.67 and its two-hundred day simple moving average is $59.15. The stock has a market capitalization of $2.90 billion, a P/E ratio of 25.45, a P/E/G ratio of 3.59 and a beta of 1.02. Alarm.com has a 52 week low of $48.23 and a 52 week high of $71.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85.

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.