William Blair reaffirmed their outperform rating on shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) in a research note released on Thursday morning.

ALRM has been the subject of several other research reports. Northland Securities initiated coverage on shares of Alarm.com Holdings in a research note on Friday, June 9th. They issued an outperform rating and a $41.00 price objective for the company. Credit Suisse Group reiterated an outperform rating and issued a $46.00 price objective (up previously from $37.00) on shares of Alarm.com Holdings in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a hold rating and issued a $29.00 price objective on shares of Alarm.com Holdings in a research note on Tuesday, July 25th. Maxim Group raised their price objective on shares of Alarm.com Holdings from $42.00 to $44.00 and gave the company a buy rating in a research note on Wednesday, July 26th. Finally, Roth Capital reiterated a buy rating and issued a $48.00 price objective on shares of Alarm.com Holdings in a research note on Friday, September 8th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Alarm.com Holdings has a consensus rating of Buy and a consensus price target of $43.11.

Alarm.com Holdings (NASDAQ:ALRM) opened at 44.75 on Thursday. The company’s 50 day moving average is $44.42 and its 200 day moving average is $44.42. Alarm.com Holdings has a 52-week low of $26.15 and a 52-week high of $45.35. The firm has a market cap of $2.09 billion, a P/E ratio of 114.45 and a beta of 1.48.

Alarm.com Holdings (NASDAQ:ALRM) last announced its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.14. Alarm.com Holdings had a net margin of 6.50% and a negative return on equity of 35.68%. The firm had revenue of $86.00 million during the quarter, compared to analysts’ expectations of $81.05 million. During the same quarter last year, the business earned $0.15 earnings per share. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. Equities research analysts forecast that Alarm.com Holdings will post $0.97 EPS for the current fiscal year.

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In other Alarm.com Holdings news, insider John Drew sold 37,288 shares of Alarm.com Holdings stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $44.49, for a total transaction of $1,658,943.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jean-Paul Martin sold 20,000 shares of Alarm.com Holdings stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $36.33, for a total transaction of $726,600.00. Following the transaction, the insider now owns 150,404 shares of the company’s stock, valued at approximately $5,464,177.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 387,442 shares of company stock valued at $16,531,512. 78.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. American International Group Inc. raised its position in Alarm.com Holdings by 7.1% during the first quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock worth $195,000 after acquiring an additional 422 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Alarm.com Holdings by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock valued at $159,000 after buying an additional 632 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Alarm.com Holdings by 5.6% in the fourth quarter. Teachers Advisors LLC now owns 17,307 shares of the software maker’s stock valued at $482,000 after buying an additional 921 shares during the last quarter. Legal & General Group Plc raised its position in shares of Alarm.com Holdings by 57.4% in the second quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock valued at $172,000 after buying an additional 1,673 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Alarm.com Holdings by 95.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock valued at $156,000 after buying an additional 2,033 shares during the last quarter. Institutional investors own 84.05% of the company’s stock.

About Alarm.com Holdings

Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.

Analyst Recommendations for Alarm.com Holdings (NASDAQ:ALRM)

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