Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) gapped down prior to trading on Friday . The stock had previously closed at $36.09, but opened at $40.20. Alarm.com Holdings shares last traded at $40.85, with a volume of 366548 shares changing hands.
ALRM has been the topic of several research analyst reports. Northland Securities set a $41.00 price objective on shares of Alarm.com Holdings and gave the company a “buy” rating in a report on Wednesday, July 19th. William Blair restated an “outperform” rating on shares of Alarm.com Holdings in a report on Thursday, September 21st. BidaskClub lowered shares of Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Maxim Group boosted their price objective on shares of Alarm.com Holdings from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $29.00 target price on shares of Alarm.com Holdings in a research report on Tuesday, July 25th. Five investment 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 has an average rating of “Buy” and an average target price of $45.60.
The company has a market cap of $1,913.41, a PE ratio of 45.10, a price-to-earnings-growth ratio of 2.75 and a beta of 1.43. The company has a debt-to-equity ratio of -0.70, a quick ratio of 2.63 and a current ratio of 2.85.
Alarm.com Holdings (NASDAQ:ALRM) last released its earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.07. The company had revenue of $90.00 million during the quarter, compared to the consensus estimate of $83.04 million. Alarm.com Holdings had a negative return on equity of 39.83% and a net margin of 9.97%. Alarm.com Holdings’s revenue was up 32.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 EPS. analysts anticipate that Alarm.com Holdings, Inc. will post 0.85 EPS for the current fiscal year.
In other news, CTO Jean-Paul Martin sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was 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 $6,336,432.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Daniel Ramos sold 10,063 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $47.02, for a total value 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. Over the last three months, insiders have sold 310,214 shares of company stock valued at $13,887,962. Corporate insiders own 78.50% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Pier Capital LLC acquired a new position in shares of Alarm.com Holdings during the second quarter worth about $5,916,000. Schwab Charles Investment Management Inc. grew its position in shares of Alarm.com Holdings by 42.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 60,664 shares of the software maker’s stock worth $2,283,000 after buying an additional 18,204 shares in the last quarter. Oak Ridge Investments LLC acquired a new position in shares of Alarm.com Holdings during the second quarter worth about $19,059,000. Goldman Sachs Group Inc. grew its position in shares of Alarm.com Holdings by 26.1% during the first quarter. Goldman Sachs Group Inc. now owns 13,496 shares of the software maker’s stock worth $415,000 after buying an additional 2,795 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Alarm.com Holdings by 15.3% during the first quarter. Parametric Portfolio Associates LLC now owns 32,269 shares of the software maker’s stock worth $992,000 after buying an additional 4,276 shares in the last quarter. 85.45% of the stock is owned by institutional investors and hedge funds.
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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