Alarm.com (NASDAQ:ALRM) Price Target Raised to $50.00

Alarm.com (NASDAQ:ALRM) had its target price hoisted by JPMorgan Chase & Co. from $40.00 to $50.00 in a report published on Friday,Benzinga reports. The brokerage currently has an underweight rating on the software maker’s stock.

Several other equities analysts also recently commented on ALRM. Raymond James Financial reissued a “strong-buy” rating and set a $65.00 target price on shares of Alarm.com in a research report on Friday, August 7th. Barclays upped their price target on Alarm.com from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Wall Street Zen raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Sunday, August 16th. Weiss Ratings upgraded Alarm.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 15th. Finally, Zacks Research lowered Alarm.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Alarm.com currently has a consensus rating of “Hold” and an average price target of $58.33.

Alarm.com Price Performance

ALRM opened at $64.86 on Friday. The company has a quick ratio of 4.38, a current ratio of 4.96 and a debt-to-equity ratio of 0.57. Alarm.com has a 12 month low of $41.49 and a 12 month high of $67.41. The company has a fifty day simple moving average of $57.01 and a 200 day simple moving average of $50.10. The stock has a market cap of $3.21 billion, a P/E ratio of 28.70, a P/E/G ratio of 2.06 and a beta of 0.76.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, August 6th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.12. The firm had revenue of $277.73 million for the quarter, compared to the consensus estimate of $264.96 million. Alarm.com had a return on equity of 15.65% and a net margin of 11.11%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. Alarm.com has set its FY 2026 guidance at 2.920-2.940 EPS. On average, research analysts expect that Alarm.com will post 2.47 EPS for the current year.

Insider Activity at Alarm.com

In other news, CEO Stephen Trundle sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $57.67, for a total transaction of $2,883,500.00. Following the sale, the chief executive officer owned 324,842 shares of the company’s stock, valued at $18,733,638.14. The trade was a 13.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin Bradley sold 5,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $55.07, for a total transaction of $297,378.00. Following the completion of the sale, the chief financial officer owned 78,222 shares of the company’s stock, valued at approximately $4,307,685.54. This trade represents a 6.46% decrease in their position. The SEC filing for this sale provides additional information. 4.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alarm.com

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Alarm.com by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,117,359 shares of the software maker’s stock worth $48,257,000 after purchasing an additional 11,624 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Alarm.com by 43.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 779,200 shares of the software maker’s stock worth $33,654,000 after buying an additional 237,633 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Alarm.com during the 2nd quarter worth approximately $14,339,000. Principal Financial Group Inc. increased its stake in shares of Alarm.com by 5.2% in the first quarter. Principal Financial Group Inc. now owns 300,204 shares of the software maker’s stock worth $12,966,000 after purchasing an additional 14,967 shares in the last quarter. Finally, Centaurus Financial Inc. boosted its stake in Alarm.com by 1.0% in the 1st quarter. Centaurus Financial Inc. now owns 271,841 shares of the software maker’s stock worth $11,741,000 after purchasing an additional 2,782 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.

About Alarm.com

Alarm.com Holdings, Inc develops cloud-based technology for connected security and smart automation. Its platform helps residential and commercial customers monitor and manage security systems, video cameras, access control, energy use, and other connected devices through mobile applications and web-based tools.

The company’s products and services are delivered primarily through a network of authorized service providers, including security dealers and integrators. Its offerings include intrusion detection, smart-home automation, video surveillance, commercial security and access management, energy management, and solutions designed for property managers and other business customers.

Founded in 2000 and headquartered in Vienna, Virginia, Alarm.com serves customers through service providers in the United States and international markets.