AlarmCom Hldg Inc (NASDAQ:ALRM) has earned an average recommendation of “Buy” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $58.22.
Several analysts have recently weighed in on ALRM shares. Jefferies Financial Group boosted their target price on AlarmCom to $60.00 and gave the company a “buy” rating in a report on Thursday, November 8th. 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 $58.00 price target on the stock in a research report on Tuesday, January 1st. BidaskClub upgraded AlarmCom from a “hold” rating to a “buy” rating in a research report on Thursday, January 17th. Finally, Raymond James boosted their price target on AlarmCom from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 8th.
Get AlarmCom alerts:In other AlarmCom news, CFO Steve Valenzuela sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $49.00, for a total transaction of $245,000.00. Following the transaction, the chief financial officer now owns 37,774 shares in the company, valued at approximately $1,850,926. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel Ramos sold 5,446 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $50.77, for a total value of $276,493.42. Following the transaction, the vice president now owns 24,902 shares in the company, valued at approximately $1,264,274.54. The disclosure for this sale can be found here. Insiders sold a total of 82,221 shares of company stock worth $4,400,514 in the last 90 days. 37.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale increased its position in AlarmCom by 202.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,302 shares of the software maker’s stock worth $128,000 after purchasing an additional 1,542 shares during the period. Winslow Evans & Crocker Inc. acquired a new position in AlarmCom during the 4th quarter worth approximately $130,000. We Are One Seven LLC acquired a new position in AlarmCom during the 4th quarter worth approximately $167,000. Modera Wealth Management LLC acquired a new position in AlarmCom during the 3rd quarter worth approximately $210,000. Finally, Riverhead Capital Management LLC increased its position in AlarmCom by 168.8% during the 3rd quarter. Riverhead Capital Management LLC now owns 4,300 shares of the software maker’s stock worth $247,000 after purchasing an additional 2,700 shares during the period. Institutional investors own 97.54% of the company’s stock.
Shares of AlarmCom stock remained flat at $$65.01 on Wednesday. The stock had a trading volume of 287,911 shares, compared to its average volume of 553,531. AlarmCom has a fifty-two week low of $33.39 and a fifty-two week high of $65.58. The stock has a market cap of $3.12 billion, a P/E ratio of 85.54, a P/E/G ratio of 3.35 and a beta of 1.48.
About AlarmCom
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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