Alarm.com (NASDAQ:ALRM – Get Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
ALRM has been the topic of several other reports. TheStreet downgraded Alarm.com from a “b-” rating to a “c” rating in a research report on Wednesday, November 9th. Roth Capital cut their price objective on shares of Alarm.com from $81.00 to $65.00 in a report on Wednesday, November 9th. Barclays reduced their target price on Alarm.com from $70.00 to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 8th. Raymond James cut their price target on shares of Alarm.com from $83.00 to $65.00 and set a “strong-buy” rating on the stock in a report on Wednesday, November 9th. Finally, Maxim Group decreased their price objective on shares of Alarm.com from $90.00 to $80.00 in a report on Thursday, November 3rd. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.20.
Alarm.com Stock Up 1.7 %
Shares of NASDAQ:ALRM opened at $53.06 on Tuesday. The company has a quick ratio of 5.08, a current ratio of 5.82 and a debt-to-equity ratio of 0.82. Alarm.com has a 52-week low of $46.94 and a 52-week high of $78.99. The stock’s fifty day simple moving average is $51.80 and its 200-day simple moving average is $58.51. The company has a market capitalization of $2.65 billion, a P/E ratio of 57.67, a P/E/G ratio of 5.71 and a beta of 1.02.
Insider Activity at Alarm.com
In related news, CFO Steve Valenzuela sold 478 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $56.01, for a total transaction of $26,772.78. Following the sale, the chief financial officer now directly owns 35,831 shares of the company’s stock, valued at approximately $2,006,894.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.50% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Alarm.com by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,505,683 shares of the software maker’s stock worth $357,099,000 after buying an additional 45,584 shares during the last quarter. Riverbridge Partners LLC grew its stake in Alarm.com by 9.0% during the 3rd quarter. Riverbridge Partners LLC now owns 1,964,425 shares of the software maker’s stock worth $127,413,000 after buying an additional 161,778 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its stake in shares of Alarm.com by 0.3% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,936,244 shares of the software maker’s stock worth $125,585,000 after purchasing an additional 5,931 shares in the last quarter. Geneva Capital Management LLC grew its stake in shares of Alarm.com by 4.2% in the third quarter. Geneva Capital Management LLC now owns 1,296,643 shares of the software maker’s stock worth $84,100,000 after purchasing an additional 52,315 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Alarm.com by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 910,533 shares of the software maker’s stock worth $45,053,000 after purchasing an additional 30,519 shares in the last quarter. 91.93% of the stock is currently owned by institutional investors.
Alarm.com Company Profile
Alarm.com Holdings, Inc engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.