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

Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) have received an average rating of "Moderate Buy" from the six brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued 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 target among brokerages that have updated their coverage on the stock in the last year is $64.33.

ALRM has been the subject of a number of recent research reports. The Goldman Sachs Group reduced their price target 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. Raymond James Financial reduced 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 report on Friday, May 9th. Finally, Barclays lowered their price target on shares of 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 Buying and Selling at Alarm.com

In related news, insider Daniel Kerzner sold 2,213 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $56.66, for a total value of $125,388.58. Following the completion of the transaction, the insider directly owned 72,004 shares in the company, valued at $4,079,746.64. The trade was a 2.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kevin Christopher Bradley sold 754 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $56.75, for a total transaction of $42,789.50. Following the sale, the chief financial officer owned 53,056 shares in the company, valued at approximately $3,010,928. This represents a 1.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,167 shares of company stock worth $1,994,181. 5.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alarm.com

A number of institutional investors have recently modified their holdings of the business. Bessemer Group Inc. raised its holdings in 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. Principal Financial Group Inc. increased its position in shares of Alarm.com by 2.3% in the first quarter. Principal Financial Group Inc. now owns 271,379 shares of the software maker's stock valued at $15,102,000 after buying an additional 6,078 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Alarm.com during the 1st quarter worth approximately $241,000. GAMMA Investing LLC raised its stake in shares of Alarm.com by 87.9% during the 1st quarter. GAMMA Investing LLC now owns 1,964 shares of the software maker's stock worth $109,000 after buying an additional 919 shares during the period. Finally, Norges Bank purchased a new position in shares of Alarm.com during the 4th quarter valued at approximately $34,841,000. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Stock Performance

Shares of NASDAQ:ALRM traded up $0.36 during trading on Wednesday, hitting $55.65. The stock had a trading volume of 258,961 shares, compared to its average volume of 267,129. The company has a quick ratio of 2.01, a current ratio of 2.14 and a debt-to-equity ratio of 0.64. Alarm.com has a 12-month low of $48.23 and a 12-month high of $71.98. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 2.96 and a beta of 0.99. The stock has a 50-day simple moving average of $56.89 and a two-hundred day simple moving average of $57.33.

Alarm.com Company Profile

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.