Alarm.com Holdings Inc. (NASDAQ:ALRM) shares were up 5.4% on Monday following a stronger than expected earnings report. The company traded as high as $32.54 and last traded at $32.37, with a volume of 743,787 shares. The stock had previously closed at $30.72.

The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.08. The business earned $67.80 million during the quarter, compared to analyst estimates of $59.73 million. Alarm.com Holdings had a negative return on equity of 18.64% and a net margin of 4.74%. The company’s revenue was up 25.6% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS.

A number of analysts have recently issued reports on ALRM shares. Zacks Investment Research upgraded Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Thursday, August 18th. Citigroup Inc. lowered Alarm.com Holdings to a “market perform” rating in a report on Tuesday, August 16th. They noted that the move was a valuation call. Goldman Sachs Group Inc. increased their target price on Alarm.com Holdings from $24.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. Roth Capital started coverage on Alarm.com Holdings in a report on Monday, October 3rd. They issued a “buy” rating and a $33.50 target price for the company. Finally, Imperial Capital increased their target price on Alarm.com Holdings from $24.50 to $30.00 and gave the company an “in-line” rating in a report on Tuesday, August 16th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Alarm.com Holdings currently has an average rating of “Buy” and an average target price of $28.05.

In related news, insider David Hutz sold 3,500 shares of the stock in a transaction on Tuesday, October 18th. The stock was sold at an average price of $29.85, for a total transaction of $104,475.00. Following the completion of the sale, the insider now directly owns 180,522 shares in the company, valued at $5,388,581.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jean-Paul Martin sold 50,000 shares of the stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $29.04, for a total value of $1,452,000.00. Following the sale, the insider now owns 172,904 shares of the company’s stock, valued at $5,021,132.16. The disclosure for this sale can be found here. 78.50% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in shares of Alarm.com Holdings by 0.5% in the third quarter. California State Teachers Retirement System now owns 21,731 shares of the company’s stock valued at $627,000 after buying an additional 100 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Alarm.com Holdings by 3.2% in the third quarter. Rhumbline Advisers now owns 9,533 shares of the company’s stock valued at $275,000 after buying an additional 300 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Alarm.com Holdings by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 67,865 shares of the company’s stock valued at $1,960,000 after buying an additional 303 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Alarm.com Holdings by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 24,050 shares of the company’s stock valued at $617,000 after buying an additional 420 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Alarm.com Holdings by 3.4% in the third quarter. TIAA CREF Investment Management LLC now owns 29,071 shares of the company’s stock valued at $839,000 after buying an additional 954 shares in the last quarter. Institutional investors and hedge funds own 61.90% of the company’s stock.

The stock has a 50 day moving average of $29.35 and a 200 day moving average of $26.55. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 118.22 and a beta of 1.90.

About Alarm.com Holdings

Alarm.com Holdings, Inc is a platform solution for the connected home. The Company, through its cloud-based services, makes connected home technology accessible to millions of home and business owners. The Company operates through two segments: Alarm.com and Other. The Company’s Alarm.com segment represents its cloud-based platform for the connected home and related connected home solutions.

5 Day Chart for NASDAQ:ALRM

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