JPMorgan Chase & Co. Reaffirms Underweight Rating for Alarm.com (NASDAQ:ALRM)

JPMorgan Chase & Co. restated their underweight rating on shares of Alarm.com (NASDAQ:ALRM) in a research note released on Monday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a $50.00 price objective on the software maker’s stock, down from their previous price objective of $65.00.

ALRM has been the subject of several other research reports. Barclays raised their target price on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday. Jefferies Financial Group began coverage on shares of Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Roth Mkm reduced their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group raised their target price on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.40.

Alarm.com Trading Down 3.4 %

NASDAQ ALRM opened at $61.37 on Monday. The company has a fifty day simple moving average of $54.85 and a two-hundred day simple moving average of $61.29. The stock has a market cap of $3.02 billion, a P/E ratio of 26.57, a P/E/G ratio of 3.81 and a beta of 0.90. Alarm.com has a 12-month low of $51.87 and a 12-month high of $77.29. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52.

Insider Buying and Selling at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the transaction, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the sale, the insider now owns 41,100 shares in the company, valued at $2,540,391. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction dated 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 sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,260,125. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of Alarm.com

Institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust boosted its position in Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after acquiring an additional 183 shares during the last quarter. Arizona State Retirement System boosted its position in Alarm.com by 1.8% during the second quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after acquiring an additional 232 shares during the last quarter. QRG Capital Management Inc. boosted its position in Alarm.com by 4.6% during the second quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock worth $381,000 after acquiring an additional 266 shares during the last quarter. Swiss National Bank boosted its position in Alarm.com by 0.3% during the first quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock worth $6,790,000 after acquiring an additional 300 shares during the last quarter. Finally, Huntington National Bank boosted its position in Alarm.com by 52.4% during the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after acquiring an additional 367 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.

Alarm.com Company Profile

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.