Alarm.com (NASDAQ:ALRM) Shares Gap Up After Analyst Upgrade

Alarm.com Holdings, Inc. (NASDAQ:ALRM) shares gapped up before the market opened on Friday after The Goldman Sachs Group raised their price target on the stock from $64.00 to $67.00. The stock had previously closed at $57.14, but opened at $65.90. The Goldman Sachs Group currently has a neutral rating on the stock. Alarm.com shares last traded at $63.48, with a volume of 45,088 shares.

ALRM has been the subject of several other reports. Roth Mkm cut their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Barclays reduced their price target on shares of Alarm.com from $72.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, Jefferies Financial Group assumed coverage on Alarm.com in a research report on Tuesday. They set a “buy” rating and a $65.00 price objective for the company. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $67.00.

Insiders Place Their Bets

In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alarm.com news, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at $2,260,125. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in shares of Alarm.com by 584.7% during the 2nd quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock valued at $1,472,000 after purchasing an additional 19,785 shares during the last quarter. Sei Investments Co. increased its holdings in Alarm.com by 8.6% in the 1st quarter. Sei Investments Co. now owns 149,464 shares of the software maker’s stock worth $10,831,000 after buying an additional 11,776 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Alarm.com during the 1st quarter worth approximately $544,000. UniSuper Management Pty Ltd purchased a new stake in shares of Alarm.com in the 1st quarter valued at $759,000. Finally, Janus Henderson Group PLC boosted its holdings in Alarm.com by 36.8% in the first quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock valued at $2,379,000 after purchasing an additional 8,843 shares during the last quarter. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Alarm.com Price Performance

The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 32.06, a P/E/G ratio of 3.25 and a beta of 0.90. The firm has a 50-day simple moving average of $54.73 and a two-hundred day simple moving average of $61.39. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. The business had revenue of $233.80 million during the quarter, compared to analyst estimates of $227.35 million. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 earnings per share. As a group, analysts predict that Alarm.com Holdings, Inc. will post 1.4 earnings per share for the current fiscal year.

About Alarm.com

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.