Short Interest in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Expands By 6.8%

Alarm.com Holdings, Inc. (NASDAQ:ALRM) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,340,000 shares, a growth of 6.8% from the October 15th total of 2,190,000 shares. Based on an average daily volume of 420,200 shares, the short-interest ratio is currently 5.6 days. Approximately 5.0% of the company’s shares are short sold.

Alarm.com Stock Down 0.1 %

ALRM opened at $59.85 on Monday. Alarm.com has a twelve month low of $51.87 and a twelve month high of $77.29. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. The business has a 50 day moving average price of $55.09 and a 200 day moving average price of $61.11. The firm has a market cap of $2.96 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 4.08 and a beta of 0.90.

Insider Buying and Selling

In other news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,260,125. This represents a 16.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the sale, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This represents a 18.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Alarm.com

A number of institutional investors and hedge funds have recently modified their holdings of ALRM. Parkside Financial Bank & Trust lifted its position in Alarm.com by 8.3% during the 2nd 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 increased its stake in shares of Alarm.com by 1.8% in the second quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after purchasing an additional 232 shares during the period. QRG Capital Management Inc. lifted its position in shares of Alarm.com by 4.6% during the 2nd quarter. QRG Capital Management Inc. now owns 5,991 shares of the software maker’s stock worth $381,000 after purchasing an additional 266 shares during the last quarter. Nicolet Advisory Services LLC boosted its stake in Alarm.com by 6.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock valued at $250,000 after purchasing an additional 272 shares during the period. Finally, Swiss National Bank grew its holdings in Alarm.com by 0.3% in the 1st quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock valued at $6,790,000 after buying an additional 300 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALRM has been the subject of a number of research reports. StockNews.com lowered shares of Alarm.com from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Barclays lifted their price objective on Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. The Goldman Sachs Group upped their target price on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Roth Mkm lowered their price target on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $64.40.

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.