In a report released yesterday, Adam Tindle from Raymond James maintained a Buy rating on Alarm (ALRM), with a price target of $115.00. The company’s shares closed last Tuesday at $85.64.
According to TipRanks.com, Tindle is a 3-star analyst with an average return of 5.9% and a 49.3% success rate. Tindle covers the Technology sector, focusing on stocks such as Ping Identity Holding, Insight Enterprises, and Palo Alto Networks.
Currently, the analyst consensus on Alarm is a Strong Buy with an average price target of $107.50, implying a 20.9% upside from current levels. In a report released today, Northland Securities also maintained a Buy rating on the stock with a $95.00 price target.
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The company has a one-year high of $108.67 and a one-year low of $40.92. Currently, Alarm has an average volume of 327.9K.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALRM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Alarm.com Holdings, Inc. engages in the provision of wireless and web-enabled security system technology. The company offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions. The Other segment focuses on the research and development of home and commercial automation, as well as energy management products and services. The company was founded by Jean-Paul Martin and Alison J. Slavin in 2000 and is headquartered in Tysons, VA.
