AlarmCom (NASDAQ:ALRM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Alarm.com Holdings, Inc. offers interactive security solutions for home and business owners. The Company offers security systems which include image sensor, crash and smash protection, web control, mobile access and video monitoring. Alarm.com Holdings, Inc. is based in VIENNA, United States. “

A number of other brokerages have also weighed in on ALRM. Bank of America reissued a “buy” rating and set a $78.00 price objective (up from $67.00) on shares of AlarmCom in a report on Friday, May 3rd. Roth Capital reiterated a “neutral” rating and issued a $73.00 price objective on shares of AlarmCom in a research report on Monday, April 29th. Northland Securities reiterated a “buy” rating and issued a $73.00 price objective on shares of AlarmCom in a research report on Friday. Maxim Group reiterated a “buy” rating and issued a $79.00 price objective (up previously from $74.00) on shares of AlarmCom in a research report on Friday. Finally, First Analysis downgraded shares of AlarmCom from a “strong-buy” rating to an “outperform” rating and upped their price target for the stock from $70.00 to $75.00 in a research report on Friday. Two analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $64.75.

NASDAQ ALRM traded down $0.06 on Tuesday, hitting $58.86. The stock had a trading volume of 546,991 shares, compared to its average volume of 488,496. AlarmCom has a 52-week low of $36.28 and a 52-week high of $71.50. The firm has a market capitalization of $3.37 billion, a P/E ratio of 44.93, a P/E/G ratio of 4.55 and a beta of 1.46.

AlarmCom (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, February 28th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The business had revenue of $111.40 million for the quarter, compared to analyst estimates of $99.63 million. AlarmCom had a net margin of 4.55% and a negative return on equity of 82.60%. On average, analysts forecast that AlarmCom will post 1.13 EPS for the current year.

In related news, CFO Steve Valenzuela sold 1,084 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $71.07, for a total transaction of $77,039.88. Following the completion of the transaction, the chief financial officer now owns 41,633 shares in the company, valued at approximately $2,958,857.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Jean-Paul Martin sold 603 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $64.63, for a total transaction of $38,971.89. Following the transaction, the chief technology officer now owns 148,004 shares of the company’s stock, valued at approximately $9,565,498.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,489 shares of company stock valued at $2,811,169. Insiders own 37.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALRM. Redmond Asset Management LLC lifted its holdings in AlarmCom by 1.1% during the 4th quarter. Redmond Asset Management LLC now owns 16,009 shares of the software maker’s stock worth $830,000 after buying an additional 180 shares in the last quarter. Intrust Bank NA grew its position in AlarmCom by 2.1% during the 1st quarter. Intrust Bank NA now owns 9,150 shares of the software maker’s stock worth $594,000 after purchasing an additional 186 shares during the last quarter. Raymond James & Associates grew its position in AlarmCom by 0.3% during the 4th quarter. Raymond James & Associates now owns 70,971 shares of the software maker’s stock worth $3,681,000 after purchasing an additional 199 shares during the last quarter. Signaturefd LLC grew its position in AlarmCom by 125.0% during the 1st quarter. Signaturefd LLC now owns 450 shares of the software maker’s stock worth $29,000 after purchasing an additional 250 shares during the last quarter. Finally, Advisor Group Inc. grew its position in AlarmCom by 9.0% during the 1st quarter. Advisor Group Inc. now owns 3,212 shares of the software maker’s stock worth $209,000 after purchasing an additional 264 shares during the last quarter. Hedge funds and other institutional investors own 97.16% of the company’s stock.

About AlarmCom

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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