AlarmCom (ALRM) Price Target Raised to $0.00

AlarmCom (NASDAQ:ALRM) had its target price lifted by analysts at Roth Capital from $6,673.00 in a research report issued to clients and investors on Monday, The Fly reports. The firm presently has a “buy” rating on the software maker’s stock.

Several other research firms have also recently issued reports on ALRM. Northland Securities reiterated a “buy” rating and issued a $73.00 price objective on shares of AlarmCom in a research report on Wednesday, April 10th. ValuEngine upgraded AlarmCom from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded AlarmCom from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, January 9th. BidaskClub upgraded AlarmCom from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Raymond James increased their price objective on AlarmCom from $58.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $58.42.

NASDAQ:ALRM traded up $0.43 during trading hours on Monday, hitting $68.76. The company’s stock had a trading volume of 299,153 shares, compared to its average volume of 506,811. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 52.49, a PEG ratio of 3.54 and a beta of 1.46. AlarmCom has a 52-week low of $36.28 and a 52-week high of $69.61.

In other AlarmCom news, CFO Steve Valenzuela sold 1,083 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $61.00, for a total value of $66,063.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen Trundle sold 15,000 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $64.71, for a total value of $970,650.00. Following the completion of the sale, the insider now directly owns 237,443 shares in the company, valued at approximately $15,364,936.53. The disclosure for this sale can be found here. Insiders sold 52,489 shares of company stock worth $3,112,476 in the last three months. 37.10% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of ALRM. Oregon Public Employees Retirement Fund acquired a new stake in AlarmCom in the fourth quarter valued at $30,000. BlackRock Inc. boosted its stake in shares of AlarmCom by 27.7% during the third quarter. BlackRock Inc. now owns 4,773,882 shares of the software maker’s stock valued at $274,020,000 after acquiring an additional 1,035,961 shares during the last quarter. Norges Bank acquired a new stake in shares of AlarmCom during the fourth quarter valued at $33,739,000. Standard Life Aberdeen plc boosted its stake in shares of AlarmCom by 55.1% during the fourth quarter. Standard Life Aberdeen plc now owns 1,387,431 shares of the software maker’s stock valued at $71,342,000 after acquiring an additional 492,660 shares during the last quarter. Finally, Vanguard Group Inc boosted its stake in shares of AlarmCom by 14.1% during the third quarter. Vanguard Group Inc now owns 3,323,794 shares of the software maker’s stock valued at $190,786,000 after acquiring an additional 410,254 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors.

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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