AlarmCom Hldg Inc (ALRM) Receives $60.13 Consensus PT from Brokerages

Shares of AlarmCom Hldg Inc (NASDAQ:ALRM) have been assigned a consensus rating of “Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $60.13.

A number of brokerages recently weighed in on ALRM. BidaskClub cut AlarmCom from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Maxim Group reissued a “buy” rating and issued a $74.00 price target (up previously from $69.00) on shares of AlarmCom in a research note on Friday, March 1st. Raymond James lifted their price target on AlarmCom from $58.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 1st. Zacks Investment Research cut AlarmCom from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, ValuEngine cut AlarmCom from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th.

ALRM traded up $0.88 during trading on Friday, reaching $61.20. The company had a trading volume of 14,971 shares, compared to its average volume of 578,350. The stock has a market capitalization of $2.91 billion, a P/E ratio of 46.99, a P/E/G ratio of 3.15 and a beta of 1.47. AlarmCom has a 12-month low of $36.28 and a 12-month high of $65.85.

In related news, CFO Steve Valenzuela sold 1,084 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $63.05, for a total value of $68,346.20. Following the completion of the sale, the chief financial officer now directly owns 29,133 shares in the company, valued at approximately $1,836,835.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen Trundle sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $55.42, for a total value of $1,662,600.00. Following the completion of the sale, the insider now owns 218,514 shares of the company’s stock, valued at $12,110,045.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,050 shares of company stock valued at $2,888,429. 37.10% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in AlarmCom by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 393,389 shares of the software maker’s stock worth $20,404,000 after buying an additional 35,984 shares during the period. Norges Bank bought a new position in AlarmCom in the 4th quarter worth approximately $33,739,000. Dimensional Fund Advisors LP increased its position in AlarmCom by 35.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 636,431 shares of the software maker’s stock worth $33,012,000 after buying an additional 165,244 shares during the period. Amalgamated Bank bought a new position in AlarmCom in the 4th quarter worth approximately $255,000. Finally, Riverstone Advisors LLC bought a new position in AlarmCom in the 4th quarter worth approximately $3,138,000. Hedge funds and other institutional investors own 96.93% of the company’s stock.

AlarmCom Company Profile

Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.

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Analyst Recommendations for AlarmCom (NASDAQ:ALRM)

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