2 weeks Ago By Defense World Staff
Alarm.com Holdings, Inc. ( NASDAQ:ALRM – Get Free Report ) has earned an average recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports.
One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $64.40.
A number of brokerages have weighed in on ALRM. Barclays boosted their target price on shares of Alarm.com from $60.
00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Roth Mkm dropped their price objective 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.
StockNews.com lowered Alarm.com from a “buy” rating to a “hold” rating in a research report on Monday.
The Goldman Sachs Group lifted their target price on Alarm.com from $64.00 to $67.
00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $50.
00 price target (down previously from $65.00) on shares of Alarm.com in a report on Monday.
Get Our Latest Analysis on ALRM Alarm.com Stock Performance Insider Buying and Selling In related news, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.
27, for a total value of $445,998.00. Following the completion of the sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125.
This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link .
In related news, CFO Steve Valenzuela sold 7,400 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125. The trade was a 0.
00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 41,100 shares of the company’s stock, valued at $2,540,391. The trade was a 0.00 % decrease in their position.
The disclosure for this sale can be found here . 5.60% of the stock is owned by insiders.
Institutional Inflows and Outflows Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in shares of Alarm.com by 584.
7% in the second quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock valued at $1,472,000 after buying an additional 19,785 shares during the period. Sei Investments Co.
boosted its stake 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 period. Susquehanna Fundamental Investments LLC bought a new position in Alarm.
com during the 1st quarter worth about $544,000. UniSuper Management Pty Ltd acquired a new stake in shares of Alarm.com in the 1st quarter valued at about $759,000.
Finally, Janus Henderson Group PLC lifted its holdings in shares of Alarm.com by 36.8% in the first quarter.
Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock valued at $2,379,000 after purchasing an additional 8,843 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors.
About Alarm.com ( Get Free Report 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.
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