Alarm.com Holdings, Inc. (NASDAQ:ALRM) Short Interest Update

Alarm.com Holdings, Inc. (NASDAQ:ALRM) was the target of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 2,190,000 shares, a decrease of 7.2% from the November 15th total of 2,360,000 shares. Based on an average trading volume of 419,800 shares, the short-interest ratio is currently 5.2 days. Currently, 4.7% of the company’s stock are short sold.

Insider Activity

In related news, CEO Stephen Trundle sold 47,500 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total value of $3,238,550.00. Following the transaction, the chief executive officer now directly owns 252,682 shares in the company, valued at approximately $17,227,858.76. This trade represents a 15.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Daniel Kerzner sold 32,851 shares of Alarm.com stock in a transaction on Friday, December 13th. The stock was sold at an average price of $66.40, for a total transaction of $2,181,306.40. Following the completion of the transaction, the insider now owns 59,668 shares in the company, valued at $3,961,955.20. This trade represents a 35.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,976 shares of company stock valued at $5,576,490. Insiders own 5.60% of the company’s stock.

Institutional Trading of Alarm.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust lifted its stake in Alarm.com by 8.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,381 shares of the software maker’s stock worth $151,000 after purchasing an additional 183 shares during the period. Arizona State Retirement System lifted its position in shares of Alarm.com by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 13,283 shares of the software maker’s stock worth $844,000 after buying an additional 232 shares during the period. Nicolet Advisory Services LLC boosted its stake in Alarm.com by 6.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 4,775 shares of the software maker’s stock valued at $250,000 after buying an additional 272 shares in the last quarter. Huntington National Bank grew its position in Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock valued at $58,000 after acquiring an additional 367 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in Alarm.com by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the software maker’s stock worth $1,608,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 91.74% of the company’s stock.

Analyst Upgrades and Downgrades

ALRM has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Barclays boosted their target price on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Jefferies Financial Group initiated coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Finally, StockNews.com upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Alarm.com presently has an average rating of “Hold” and a consensus price target of $64.40.

Alarm.com Trading Up 0.2 %

Shares of Alarm.com stock opened at $67.86 on Wednesday. Alarm.com has a 52-week low of $51.87 and a 52-week high of $77.29. The firm has a market capitalization of $3.35 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 4.08 and a beta of 0.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. The company’s fifty day moving average price is $59.66 and its two-hundred day moving average price is $60.66.

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.