Alarm.com (NASDAQ:ALRM) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Alarm.com (NASDAQ:ALRM) from a buy rating to a hold rating in a research report report published on Thursday morning.

A number of other analysts have also recently issued reports on the stock. Barclays reduced their target price on shares of Alarm.com from $78.00 to $72.00 and set an equal weight rating for the company in a research note on Thursday, July 11th. William Blair upgraded Alarm.com to a hold rating in a research note on Thursday, May 9th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Alarm.com currently has an average rating of Hold and a consensus price target of $69.00.

Alarm.com Stock Performance

ALRM stock opened at $54.75 on Thursday. The firm has a 50 day simple moving average of $63.55 and a 200 day simple moving average of $66.65. Alarm.com has a 52 week low of $49.70 and a 52 week high of $77.29. The stock has a market cap of $2.75 billion, a P/E ratio of 32.40, a P/E/G ratio of 3.59 and a beta of 0.92. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25.

Alarm.com (NASDAQ:ALRM) last issued its earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The company had revenue of $233.80 million during the quarter, compared to analyst estimates of $227.35 million. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts anticipate that Alarm.com will post 1.4 earnings per share for the current fiscal year.

Insider Activity at Alarm.com

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

Institutional Investors Weigh In On Alarm.com

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its holdings in shares of Alarm.com by 584.7% in the 2nd quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock worth $1,472,000 after acquiring an additional 19,785 shares in the last quarter. Sei Investments Co. raised its position 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 purchasing an additional 11,776 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Alarm.com by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,078,887 shares of the software maker’s stock worth $69,715,000 after purchasing an additional 16,704 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Alarm.com by 78.8% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 95,300 shares of the software maker’s stock worth $6,158,000 after purchasing an additional 42,000 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Alarm.com in the 1st quarter worth approximately $544,000. 91.74% of the stock is owned by institutional investors and hedge funds.

Alarm.com Company Profile

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.