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

Alarm.com Holdings, Inc. (NASDAQ:ALRM) was the recipient of a large growth in short interest during 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 trading volume, of 420,200 shares, the short-interest ratio is currently 5.6 days. Currently, 5.0% of the company’s stock are short sold.

Insider Activity at Alarm.com

In other news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction 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 transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,260,125. The trade was a 16.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This trade represents a 18.74 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Alarm.com

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in shares of Alarm.com by 15.2% in the 1st quarter. SG Americas Securities LLC now owns 3,384 shares of the software maker’s stock valued at $245,000 after purchasing an additional 446 shares in the last quarter. Swiss National Bank lifted its position in shares of Alarm.com by 0.3% during the 1st quarter. Swiss National Bank now owns 93,700 shares of the software maker’s stock valued at $6,790,000 after acquiring an additional 300 shares during the period. ProShare Advisors LLC boosted its stake in shares of Alarm.com by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 9,706 shares of the software maker’s stock worth $703,000 after acquiring an additional 662 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Alarm.com by 24.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,971 shares of the software maker’s stock worth $1,230,000 after acquiring an additional 3,290 shares during the period. Finally, Nicolet Advisory Services LLC purchased a new position in Alarm.com in the 1st quarter valued at approximately $256,000. Institutional investors and hedge funds own 91.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ALRM shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 target price (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. The Goldman Sachs Group increased their price objective 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 dropped their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. StockNews.com cut Alarm.com from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Jefferies Financial Group started coverage on shares of Alarm.com in a research report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Alarm.com presently has an average rating of “Hold” and an average target price of $64.40.

Alarm.com Stock Down 0.1 %

ALRM opened at $59.85 on Friday. The business has a 50 day simple moving average of $55.09 and a 200-day simple moving average of $61.15. Alarm.com has a 12 month low of $51.87 and a 12 month high of $77.29. The stock has a market capitalization of $2.96 billion, a P/E ratio of 25.91, a P/E/G ratio of 4.25 and a beta of 0.90. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20.

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.