Alarm.com (NASDAQ:ALRM) released its quarterly earnings data on Tuesday. The software maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.12, MarketWatch Earnings reports. The firm had revenue of $172.50 million for the quarter, compared to analyst estimates of $153.58 million. Alarm.com had a net margin of 12.64% and a return on equity of 17.50%. Alarm.com’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. Alarm.com updated its FY 2021 guidance to 1.630-1.720 EPS and its FY21 guidance to $1.63-1.72 EPS.

NASDAQ:ALRM traded down $3.55 during trading hours on Tuesday, reaching $85.64. 700,548 shares of the company’s stock were exchanged, compared to its average volume of 373,892. The company has a market capitalization of $4.26 billion, a P/E ratio of 57.48, a price-to-earnings-growth ratio of 4.75 and a beta of 1.15. Alarm.com has a 12 month low of $42.30 and a 12 month high of $108.67. The company has a quick ratio of 4.19, a current ratio of 4.67 and a debt-to-equity ratio of 0.25. The business’s 50-day simple moving average is $89.34 and its two-hundred day simple moving average is $86.84.

Several research firms recently weighed in on ALRM. Maxim Group increased their price objective on shares of Alarm.com from $79.00 to $120.00 in a research note on Friday, February 26th. Roth Capital increased their price objective on shares of Alarm.com from $75.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, January 21st. Imperial Capital upgraded shares of Alarm.com from an “in-line” rating to an “outperform” rating and set a $105.00 price target on the stock in a research note on Tuesday, April 13th. Zacks Investment Research raised their price target on shares of Alarm.com to $107.50 and gave the company a “hold” rating in a research note on Wednesday, April 28th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. assumed coverage on shares of Alarm.com in a research note on Tuesday, April 13th. They issued a “neutral” rating and a $100.00 price target on the stock. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $94.61.

In related news, insider Jeffrey A. Bedell sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $91.09, for a total value of $72,872.00. Following the completion of the transaction, the insider now owns 456,654 shares of the company’s stock, valued at approximately $41,596,612.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey A. Bedell sold 2,061 shares of the firm’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $87.39, for a total transaction of $180,110.79. Following the completion of the transaction, the insider now directly owns 442,511 shares of the company’s stock, valued at approximately $38,671,036.29. The disclosure for this sale can be found here. Insiders have sold 36,278 shares of company stock valued at $3,230,676 over the last 90 days. 20.80% of the stock is currently owned by insiders.

About Alarm.com

Alarm.com Holdings, Inc provides cloud-based solutions for smart residential and commercial properties in the United States and internationally. It operates in two segments, Alarm.com and Other. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, door locks, garage doors, thermostats, and video cameras; and high definition video monitoring solutions, such as video analytics, live streaming, video doorbell, video clips, video alerts, continuous high definition recording, and commercial video surveillance solutions.

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Earnings History for Alarm.com (NASDAQ:ALRM)

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