Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) have received an average rating of "Moderate Buy" from the six analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $64.33.
A number of research analysts have commented on ALRM shares. The Goldman Sachs Group reduced their price target on shares of Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Barclays decreased their target price on shares of Alarm.com from $67.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Finally, Raymond James Financial lowered their price target on shares of Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a research note on Friday, May 9th.
Read Our Latest Stock Report on ALRM
Insider Activity
In other Alarm.com news, insider Jeffrey A. Bedell sold 2,204 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $56.66, for a total value of $124,878.64. Following the transaction, the insider owned 505,805 shares in the company, valued at approximately $28,658,911.30. The trade was a 0.43% decrease in their ownership of the stock. 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 3,644 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $56.66, for a total transaction of $206,469.04. Following the transaction, the chief executive officer directly owned 268,859 shares of the company's stock, valued at approximately $15,233,550.94. This trade represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,898 shares of company stock worth $2,089,284 over the last ninety days. Company insiders own 5.60% of the company's stock.
Institutional Trading of Alarm.com
Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in Alarm.com during the 4th quarter valued at approximately $25,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Alarm.com during the fourth quarter valued at approximately $36,000. Bessemer Group Inc. raised its holdings in shares of Alarm.com by 304.6% during the first quarter. Bessemer Group Inc. now owns 708 shares of the software maker's stock valued at $39,000 after acquiring an additional 533 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of 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 in the last quarter. Finally, Strs Ohio purchased a new stake in Alarm.com in the first quarter worth $56,000. 91.74% of the stock is owned by institutional investors.
Alarm.com Price Performance
Shares of ALRM traded up $0.48 during midday trading on Friday, reaching $57.05. The stock had a trading volume of 301,317 shares, compared to its average volume of 378,398. 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 company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 3.03 and a beta of 0.99. The company's 50-day moving average is $56.70 and its 200 day moving average is $58.12. Alarm.com has a 12-month low of $48.23 and a 12-month high of $71.98.
About Alarm.com
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Get Free ReportAlarm.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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