BidaskClub upgraded shares of AlarmCom (NASDAQ:ALRM) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday morning, BidAskClub reports.

A number of other research firms have also recently issued reports on ALRM. Northland Securities reiterated a buy rating and issued a $73.00 target price on shares of AlarmCom in a research note on Wednesday. ValuEngine upgraded shares of AlarmCom from a buy rating to a strong-buy rating in a research note on Monday, February 4th. Zacks Investment Research upgraded shares of AlarmCom from a hold rating to a buy rating and set a $60.00 target price for the company in a research note on Wednesday, January 9th. Raymond James lifted their target price on shares of AlarmCom from $58.00 to $70.00 and gave the company a strong-buy rating in a research note on Friday, March 1st. Finally, Maxim Group reiterated a buy rating and issued a $74.00 target price (up from $69.00) on shares of AlarmCom in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $58.42.

NASDAQ ALRM opened at $68.33 on Thursday. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 52.16, a price-to-earnings-growth ratio of 3.54 and a beta of 1.46. AlarmCom has a 12-month low of $36.28 and a 12-month high of $68.82.

In other news, CTO Jean-Paul Martin sold 603 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $64.63, for a total value of $38,971.89. Following the completion of the sale, the chief technology officer now directly owns 148,004 shares in the company, valued at $9,565,498.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Trundle sold 30,000 shares of the business’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $55.42, for a total transaction of $1,662,600.00. Following the completion of the sale, the insider now owns 218,514 shares of the company’s stock, valued at $12,110,045.88. The disclosure for this sale can be found here. Insiders sold 71,289 shares of company stock valued at $4,148,544 over the last 90 days. 37.10% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of ALRM. Oregon Public Employees Retirement Fund acquired a new stake in shares of AlarmCom in the fourth quarter worth $30,000. BlackRock Inc. increased its position in AlarmCom by 27.7% during the third quarter. BlackRock Inc. now owns 4,773,882 shares of the software maker’s stock worth $274,020,000 after acquiring an additional 1,035,961 shares during the period. Norges Bank bought a new position in AlarmCom during the fourth quarter worth $33,739,000. Standard Life Aberdeen plc increased its position in AlarmCom by 55.1% during the fourth quarter. Standard Life Aberdeen plc now owns 1,387,431 shares of the software maker’s stock worth $71,342,000 after acquiring an additional 492,660 shares during the period. Finally, Vanguard Group Inc increased its position in AlarmCom by 14.1% during the third quarter. Vanguard Group Inc now owns 3,323,794 shares of the software maker’s stock worth $190,786,000 after acquiring an additional 410,254 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

AlarmCom Company Profile

Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.

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Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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