Alarm.com Holdings, Inc. (NASDAQ:ALRM) Receives Average Rating of “Hold” from Analysts

Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $58.50.

Several research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Alarm.com from $55.00 to $40.00 and set an “underweight” rating for the company in a report on Wednesday. Zacks Research downgraded Alarm.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Alarm.com in a research report on Tuesday, January 27th. Finally, Barclays decreased their price target on Alarm.com from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th.

Insider Buying and Selling

In other news, Director Stephen C. Evans sold 1,154 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $52.27, for a total transaction of $60,319.58. Following the completion of the sale, the director directly owned 6,123 shares of the company’s stock, valued at $320,049.21. The trade was a 15.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen Trundle acquired 10,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were purchased at an average price of $48.07 per share, with a total value of $480,700.00. Following the completion of the acquisition, the chief executive officer owned 1,315,343 shares in the company, valued at approximately $63,228,538.01. The trade was a 0.77% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 26,154 shares of company stock valued at $1,357,388. Insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On Alarm.com

A number of institutional investors have recently added to or reduced their stakes in the company. Amundi raised its position in Alarm.com by 6.8% in the first quarter. Amundi now owns 17,532 shares of the software maker’s stock valued at $920,000 after purchasing an additional 1,113 shares during the period. AQR Capital Management LLC raised its holdings in shares of Alarm.com by 7.8% during the 1st quarter. AQR Capital Management LLC now owns 59,005 shares of the software maker’s stock valued at $3,284,000 after buying an additional 4,246 shares during the period. Woodline Partners LP acquired a new position in Alarm.com during the 1st quarter worth approximately $514,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Alarm.com by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,200 shares of the software maker’s stock worth $7,301,000 after acquiring an additional 6,080 shares during the period. Finally, Jane Street Group LLC grew its position in Alarm.com by 610.0% in the first quarter. Jane Street Group LLC now owns 114,715 shares of the software maker’s stock valued at $6,384,000 after acquiring an additional 98,557 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Trading Down 0.5%

Shares of NASDAQ ALRM traded down $0.23 during midday trading on Wednesday, reaching $45.18. 144,011 shares of the stock were exchanged, compared to its average volume of 383,970. The stock has a 50 day moving average price of $50.08 and a 200-day moving average price of $52.02. The company has a current ratio of 2.06, a quick ratio of 1.92 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $2.25 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.70 and a beta of 0.79. Alarm.com has a 52-week low of $44.81 and a 52-week high of $61.41.

About Alarm.com

Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company’s interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.

Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.