Alarm.com Holdings, Inc. (ALRM) Shares Gap Down to $40.20
Alarm.com Holdings, Inc. (NASDAQ:ALRM)’s share price gapped down prior to trading on Friday . The stock had previously closed at $36.09, but opened at $40.20. Alarm.com Holdings shares last traded at $40.85, with a volume of 366548 shares.
A number of equities analysts have recently commented on ALRM shares. Credit Suisse Group reiterated an “outperform” rating and issued a $46.00 target price (up previously from $37.00) on shares of Alarm.com Holdings in a report on Wednesday, August 9th. Zacks Investment Research cut Alarm.com Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. Northland Securities set a $41.00 target price on Alarm.com Holdings and gave the stock a “buy” rating in a report on Wednesday, July 19th. William Blair reiterated an “outperform” rating on shares of Alarm.com Holdings in a report on Thursday, September 21st. Finally, Stifel Nicolaus restated a “hold” rating and set a $34.00 price objective (up previously from $29.00) on shares of Alarm.com Holdings in a report on Thursday, August 10th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Alarm.com Holdings currently has an average rating of “Buy” and a consensus price target of $45.60.
The company has a debt-to-equity ratio of -0.70, a quick ratio of 2.63 and a current ratio of 2.85. The firm has a market capitalization of $1,870.00 and a price-to-earnings ratio of 52.19.
Alarm.com Holdings (NASDAQ:ALRM) last posted its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.07. Alarm.com Holdings had a negative return on equity of 39.83% and a net margin of 9.97%. The company had revenue of $90.00 million during the quarter, compared to analysts’ expectations of $83.04 million. During the same quarter in the previous year, the business earned $0.19 EPS. Alarm.com Holdings’s revenue was up 32.7% compared to the same quarter last year. sell-side analysts anticipate that Alarm.com Holdings, Inc. will post 0.87 earnings per share for the current year.
In other Alarm.com Holdings news, insider David Hutz sold 3,500 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $43.82, for a total value of $153,370.00. Following the completion of the sale, the insider now directly owns 90,522 shares in the company, valued at approximately $3,966,674.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel Ramos sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $43.35, for a total value of $1,734,000.00. Following the completion of the sale, the vice president now owns 127,127 shares of the company’s stock, valued at $5,510,955.45. The disclosure for this sale can be found here. Insiders sold a total of 310,214 shares of company stock valued at $13,887,962 over the last quarter. Company insiders own 78.50% of the company’s stock.
Several hedge funds have recently modified their holdings of ALRM. Ameriprise Financial Inc. purchased a new stake in shares of Alarm.com Holdings in the 1st quarter worth $1,564,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Alarm.com Holdings by 15.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 32,269 shares of the software maker’s stock worth $992,000 after buying an additional 4,276 shares during the period. American International Group Inc. lifted its holdings in shares of Alarm.com Holdings by 7.1% in the 1st quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock worth $195,000 after buying an additional 422 shares during the period. FMR LLC lifted its holdings in shares of Alarm.com Holdings by 141.5% in the 1st quarter. FMR LLC now owns 66,905 shares of the software maker’s stock worth $2,056,000 after buying an additional 39,205 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Alarm.com Holdings by 14.2% in the 1st quarter. Vanguard Group Inc. now owns 638,182 shares of the software maker’s stock worth $19,618,000 after buying an additional 79,291 shares during the period. Institutional investors and hedge funds own 85.45% of the company’s stock.
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Alarm.com Holdings Company Profile
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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