Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives $64.33 Consensus Target Price from Brokerages

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) has earned an average rating of "Moderate Buy" from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $64.33.

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

Insider Buying and Selling at Alarm.com

In other news, insider Daniel Kerzner sold 932 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the sale, the insider now owns 58,736 shares in the company, valued at approximately $3,259,260.64. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Trundle sold 1,553 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $86,175.97. Following the completion of the sale, the chief executive officer now owns 251,129 shares of the company's stock, valued at $13,935,148.21. This trade represents a 0.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,898 shares of company stock worth $2,089,284 over the last 90 days. 5.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in Alarm.com during the 4th quarter valued at about $25,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Alarm.com in the 4th quarter worth approximately $36,000. Bessemer Group Inc. grew its position 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 buying an additional 533 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Alarm.com by 235.5% in the 1st quarter. Larson Financial Group LLC now owns 916 shares of the software maker's stock worth $51,000 after buying an additional 643 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Alarm.com in the 1st quarter worth approximately $56,000. Hedge funds and other institutional investors own 91.74% of the company's stock.

Alarm.com Stock Performance

ALRM stock traded down $0.05 during midday trading on Friday, reaching $56.35. 424,775 shares of the company's stock traded hands, compared to its average volume of 385,379. Alarm.com has a 52-week low of $48.23 and a 52-week high of $71.98. The stock has a market cap of $2.80 billion, a P/E ratio of 23.78, a PEG ratio of 3.02 and a beta of 1.02. The company has a current ratio of 2.14, a quick ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock's 50-day moving average is $56.43 and its 200 day moving average is $58.33.

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.