Alarm.com Holdings, Inc. (NASDAQ:ALRM) reached a new 52-week high on Monday . The stock traded as high as $46.30 and last traded at $46.36, with a volume of 435,283 shares changing hands. The stock had previously closed at $45.18.

Several equities analysts have recently weighed in on ALRM shares. William Blair reiterated an “outperform” rating on shares of Alarm.com Holdings in a report on Thursday, September 21st. Roth Capital restated a “buy” rating and issued a $48.00 target price on shares of Alarm.com Holdings in a research note on Friday, September 8th. Zacks Investment Research upgraded Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Monday, August 14th. Northland Securities set a $45.00 target price on Alarm.com Holdings and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, Imperial Capital lowered Alarm.com Holdings from an “outperform” rating to an “in-line” rating and boosted their target price for the company from $40.00 to $45.00 in a research report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $43.11.

The firm’s 50-day moving average price is $44.42 and its 200-day moving average price is $44.42. The firm has a market cap of $2.19 billion, a PE ratio of 119.9084 and a beta of 1.45.

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 consensus estimate of $0.15 by $0.14. The business had revenue of $86.00 million during the quarter, compared to analyst estimates of $81.05 million. Alarm.com Holdings had a negative return on equity of 35.68% and a net margin of 6.50%. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. On average, equities research analysts anticipate that Alarm.com Holdings, Inc. will post $0.97 EPS for the current fiscal year.

In related news, insider Jean-Paul Martin sold 20,000 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $36.33, for a total transaction of $726,600.00. Following the sale, the insider now owns 150,404 shares of the company’s stock, valued at $5,464,177.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Kerzner sold 18,500 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $37.04, for a total transaction of $685,240.00. Following the sale, the insider now directly owns 11,065 shares in the company, valued at approximately $409,847.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 390,942 shares of company stock valued at $16,685,057. 46.80% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. increased its stake in shares of Alarm.com Holdings by 40.8% during the first quarter. Victory Capital Management Inc. now owns 3,583 shares of the software maker’s stock valued at $110,000 after purchasing an additional 1,039 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Alarm.com Holdings by 95.8% during the second quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock valued at $156,000 after purchasing an additional 2,033 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Alarm.com Holdings by 57.4% during the second quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock valued at $172,000 after purchasing an additional 1,673 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Alarm.com Holdings during the first quarter valued at approximately $178,000. Finally, American International Group Inc. lifted its holdings in shares of 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 valued at $195,000 after purchasing an additional 422 shares during the last quarter. Institutional investors and hedge funds own 84.05% of the company’s stock.

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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.

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