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

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) has received a consensus rating of "Moderate Buy" from the six research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $64.33.

ALRM has been the topic of a number of research analyst reports. Raymond James Financial lowered their price target on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating on the stock in a report on Friday, May 9th. Barclays dropped 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 research report on Monday, April 14th. Finally, 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 report on Thursday, April 17th.

Insider Transactions at Alarm.com

In related news, CEO Stephen Trundle sold 3,644 shares of the stock in a transaction dated 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 transaction, the chief executive officer 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Kerzner sold 2,213 shares of the company'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 $125,388.58. Following the sale, the insider owned 72,004 shares in the company, valued at approximately $4,079,746.64. This trade represents a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,167 shares of company stock worth $1,994,181. 5.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ALRM. Summit Investment Advisors Inc. lifted its holdings in shares of Alarm.com by 3.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker's stock worth $301,000 after acquiring an additional 172 shares during the last quarter. Yousif Capital Management LLC raised its position in Alarm.com by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 18,455 shares of the software maker's stock worth $1,044,000 after purchasing an additional 199 shares during the period. KBC Group NV lifted its stake in Alarm.com by 10.8% in the first quarter. KBC Group NV now owns 2,128 shares of the software maker's stock worth $118,000 after purchasing an additional 208 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in Alarm.com by 1.7% in the first quarter. Avantax Advisory Services Inc. now owns 13,865 shares of the software maker's stock worth $772,000 after purchasing an additional 232 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of Alarm.com by 1.0% during the fourth quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker's stock valued at $1,710,000 after buying an additional 281 shares during the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Price Performance

Shares of ALRM stock traded up $0.36 on Wednesday, hitting $55.65. 258,961 shares of the stock traded hands, compared to its average volume of 267,129. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 2.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.14 and a quick ratio of 2.01. The firm has a 50 day simple moving average of $56.89 and a two-hundred day simple moving average of $57.31. Alarm.com has a 52 week low of $48.23 and a 52 week high of $71.98.

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.