AlarmCom (NASDAQ:ALRM) had its target price raised by Roth Capital from $6,673.00 in a research note issued to investors on Monday morning, The Fly reports. They currently have a buy rating on the software maker’s stock.
Several other equities research analysts have also recently issued reports on the company. BidaskClub raised AlarmCom from a buy rating to a strong-buy rating in a report on Thursday, April 11th. Northland Securities reaffirmed a buy rating and issued a $73.00 target price on shares of AlarmCom in a report on Wednesday, April 10th. Zacks Investment Research cut AlarmCom from a strong-buy rating to a hold rating in a report on Wednesday, March 6th. ValuEngine cut AlarmCom from a strong-buy rating to a buy rating in a report on Tuesday, March 5th. Finally, Raymond James lifted their target price on AlarmCom from $58.00 to $70.00 and gave the stock a strong-buy rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $59.00.
Shares of ALRM stock opened at $67.13 on Monday. AlarmCom has a 12-month low of $36.28 and a 12-month high of $69.61. The stock has a market capitalization of $3.16 billion, a PE ratio of 51.24, a PEG ratio of 3.58 and a beta of 1.46.
In other AlarmCom news, CEO Stephen Trundle sold 2,271 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $64.63, for a total transaction of $146,774.73. Following the sale, the chief executive officer now directly owns 224,714 shares of the company’s stock, valued at $14,523,265.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Jean-Paul Martin sold 603 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $64.63, for a total value of $38,971.89. Following the sale, the chief technology officer now directly owns 148,004 shares in the company, valued at $9,565,498.52. The disclosure for this sale can be found here. Insiders have sold 22,489 shares of company stock worth $1,449,876 over the last three months. 37.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund bought a new stake in AlarmCom during the fourth quarter worth approximately $30,000. Winslow Evans & Crocker Inc. bought a new position in shares of AlarmCom during the fourth quarter valued at approximately $130,000. We Are One Seven LLC bought a new position in shares of AlarmCom during the fourth quarter valued at approximately $167,000. Nwam LLC grew its stake in shares of AlarmCom by 27.8% during the fourth quarter. Nwam LLC now owns 4,600 shares of the software maker’s stock valued at $239,000 after buying an additional 1,000 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its stake in shares of AlarmCom by 168.8% during the third quarter. Riverhead Capital Management LLC now owns 4,300 shares of the software maker’s stock valued at $247,000 after buying an additional 2,700 shares during the last quarter. 97.48% of the stock is currently owned by institutional investors.
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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