Northland Securities set a $51.00 price target on Alarm.com Holdings, Inc. (NASDAQ:ALRM) in a research note issued to investors on Thursday. The brokerage currently has a buy rating on the software maker’s stock.
Other equities analysts have also recently issued reports about the stock. Bank of America Corporation raised their target price on shares of Alarm.com Holdings from $39.00 to $46.00 and gave the company a buy rating in a research note on Wednesday, August 9th. Roth Capital reissued a buy rating and issued a $48.00 price objective on shares of Alarm.com Holdings in a research note on Friday, September 8th. Zacks Investment Research raised shares of Alarm.com Holdings from a hold rating to a buy rating and set a $46.00 price objective for the company in a research note on Monday, August 14th. Maxim Group reissued a buy rating and issued a $44.00 price objective on shares of Alarm.com Holdings in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a hold rating and issued a $34.00 price objective (up from $29.00) on shares of Alarm.com Holdings in a research note on Thursday, August 10th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $45.60.
Alarm.com Holdings (ALRM) traded up $0.28 on Thursday, reaching $44.20. 534,352 shares of the company traded hands, compared to its average volume of 524,290. The stock has a market capitalization of $2,083.59, a PE ratio of 49.11, a price-to-earnings-growth ratio of 3.76 and a beta of 1.43. Alarm.com Holdings has a 52 week low of $26.68 and a 52 week high of $49.49. The company has a quick ratio of 2.88, a current ratio of 3.16 and a debt-to-equity ratio of -0.81.
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In related news, CTO Jean-Paul Martin sold 10,000 shares of Alarm.com Holdings stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $45.13, for a total transaction of $451,300.00. Following the completion of the transaction, the chief technology officer now directly owns 140,404 shares of the company’s stock, valued at approximately $6,336,432.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Daniel Ramos sold 10,063 shares of Alarm.com Holdings stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $47.02, for a total transaction of $473,162.26. Following the transaction, the vice president now directly owns 57,127 shares of the company’s stock, valued at $2,686,111.54. The disclosure for this sale can be found here. Insiders sold a total of 310,214 shares of company stock valued at $13,887,962 over the last three months. Corporate insiders own 78.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. boosted its stake in shares of Alarm.com Holdings by 7.1% during the 1st quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock worth $195,000 after purchasing an additional 422 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Alarm.com Holdings by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock worth $159,000 after purchasing an additional 632 shares during the period. Legal & General Group Plc boosted its stake in shares of Alarm.com Holdings by 57.4% during the 2nd quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after purchasing an additional 1,673 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Alarm.com Holdings by 95.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after purchasing an additional 2,033 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Alarm.com Holdings during the 3rd quarter worth about $109,000. 84.92% of the stock is owned by hedge funds and other institutional investors.
About Alarm.com Holdings
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.
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