Raymond James Financial reaffirmed their outperform rating on shares of AlarmCom (NASDAQ:ALRM) in a report issued on Monday morning. They currently have a $48.00 price target on the software maker’s stock.

A number of other brokerages have also commented on ALRM. BidaskClub upgraded AlarmCom from a sell rating to a hold rating in a report on Friday, January 19th. Imperial Capital upgraded AlarmCom from an in-line rating to an outperform rating and upped their price target for the stock from $37.88 to $45.00 in a report on Friday, February 16th. Zacks Investment Research upgraded AlarmCom from a hold rating to a buy rating and set a $43.00 price target for the company in a report on Tuesday, February 27th. Jefferies Group upgraded AlarmCom from a hold rating to a buy rating and cut their price target for the stock from $44.00 to $43.00 in a report on Thursday, January 18th. Finally, Maxim Group reiterated a buy rating and set a $57.00 price target on shares of AlarmCom in a report on Tuesday, November 21st. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. AlarmCom currently has an average rating of Buy and a consensus target price of $48.20.

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AlarmCom stock opened at $38.94 on Monday. AlarmCom has a 1-year low of $29.70 and a 1-year high of $49.49. The company has a market capitalization of $1,878.79, a P/E ratio of 42.80, a PEG ratio of 2.59 and a beta of 1.19. The company has a current ratio of 3.68, a quick ratio of 3.37 and a debt-to-equity ratio of -0.80.

In related news, insider Stephen Trundle sold 25,000 shares of the company’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $39.11, for a total value of $977,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darius G. Nevin acquired 10,000 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were bought at an average price of $37.21 per share, with a total value of $372,100.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $372,100. The disclosure for this purchase can be found here. Corporate insiders own 78.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in AlarmCom during the third quarter worth $109,000. Macquarie Group Ltd. acquired a new position in AlarmCom during the third quarter worth $147,000. Jasper Ridge Partners L.P. acquired a new position in AlarmCom during the third quarter worth $213,000. Teacher Retirement System of Texas acquired a new position in AlarmCom during the fourth quarter worth $216,000. Finally, Polen Capital Management LLC acquired a new position in AlarmCom during the fourth quarter worth $226,000. Hedge funds and other institutional investors own 87.73% of the company’s stock.

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AlarmCom 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.

Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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