Alarm.com (NASDAQ:ALRM) Given New $67.00 Price Target at The Goldman Sachs Group

Alarm.com (NASDAQ:ALRM) had its price target hoisted by The Goldman Sachs Group from $64.00 to $67.00 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

Several other analysts also recently commented on ALRM. Jefferies Financial Group started coverage on shares of Alarm.com in a research report on Tuesday. They issued a “buy” rating and a $65.00 price target for the company. Barclays reduced their price target on shares of Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, Roth Mkm reduced their price target 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $68.40.

Alarm.com Stock Up 11.1 %

Shares of NASDAQ:ALRM traded up $6.37 during trading on Friday, hitting $63.51. 903,716 shares of the company were exchanged, compared to its average volume of 370,904. The stock has a market capitalization of $3.13 billion, a P/E ratio of 27.49, a PEG ratio of 3.25 and a beta of 0.90. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70. Alarm.com has a 12-month low of $51.19 and a 12-month high of $77.29. The firm’s 50 day moving average price is $54.81 and its 200-day moving average price is $61.38.

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

Insiders Place Their Bets

In other news, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, 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 this hyperlink. In other news, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the transaction, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction on 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 approximately $2,260,125. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Alarm.com

A number of institutional investors and hedge funds have recently made changes to their positions in ALRM. GSA Capital Partners LLP acquired a new stake in shares of Alarm.com during the 1st quarter worth about $597,000. Texas Permanent School Fund Corp lifted its holdings in shares of Alarm.com by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 43,749 shares of the software maker’s stock worth $3,170,000 after acquiring an additional 585 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Alarm.com by 15.2% during the 1st quarter. SG Americas Securities LLC now owns 3,384 shares of the software maker’s stock worth $245,000 after acquiring an additional 446 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in shares of Alarm.com by 3.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 29,304 shares of the software maker’s stock worth $2,124,000 after acquiring an additional 887 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Alarm.com by 0.3% during the 1st quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock worth $6,790,000 after acquiring an additional 300 shares during the period. 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.