Alarm.com Holdings, Inc. (NASDAQ:ALRM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $39.35 and last traded at $39.24, with a volume of 128,511 shares. The stock had previously closed at $38.79.

ALRM has been the topic of a number of analyst reports. Imperial Capital upped their price objective on Alarm.com Holdings from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, June 15th. Northland Securities set a $41.00 price objective on Alarm.com Holdings and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Maxim Group upped their price objective on Alarm.com Holdings from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Stifel Nicolaus reiterated a “hold” rating and set a $29.00 price objective on shares of Alarm.com Holdings in a research note on Tuesday, July 25th. Finally, BidaskClub cut Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $36.67.

The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 171.78 and a beta of 1.52. The firm has a 50-day moving average price of $37.50 and a 200-day moving average price of $32.58.

Alarm.com Holdings (NASDAQ:ALRM) last issued its quarterly earnings results on Tuesday, May 9th. The software maker reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.08. The business had revenue of $74.20 million for the quarter, compared to analyst estimates of $69.70 million. Alarm.com Holdings had a negative return on equity of 27.71% and a net margin of 4.12%. Alarm.com Holdings’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. On average, equities research analysts anticipate that Alarm.com Holdings, Inc. will post $0.76 earnings per share for the current fiscal year.

In related news, insider David Hutz sold 3,500 shares of Alarm.com Holdings stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $37.43, for a total transaction of $131,005.00. Following the sale, the insider now directly owns 127,522 shares in the company, valued at $4,773,148.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Kerzner sold 18,500 shares of Alarm.com Holdings stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $37.04, for a total value of $685,240.00. Following the sale, the insider now owns 11,065 shares in the company, valued at $409,847.60. The disclosure for this sale can be found here. Insiders have sold 147,277 shares of company stock worth $5,160,799 over the last quarter. 46.80% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of ALRM. American International Group Inc. raised its stake in shares of Alarm.com Holdings by 7.1% in the first quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock worth $195,000 after buying an additional 422 shares during the period. Victory Capital Management Inc. raised its stake in shares of Alarm.com Holdings by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock worth $159,000 after buying an additional 632 shares during the period. Teachers Advisors LLC raised its stake in shares of Alarm.com Holdings by 5.6% in the fourth quarter. Teachers Advisors LLC now owns 17,307 shares of the software maker’s stock worth $482,000 after buying an additional 921 shares during the period. Legal & General Group Plc raised its stake in shares of Alarm.com Holdings by 57.4% in the second quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after buying an additional 1,673 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Alarm.com Holdings by 95.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after buying an additional 2,033 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

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Alarm.com Holdings Company Profile

Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.

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