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

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Roth Mkm cut their target price 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. JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 price objective (down from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Jefferies Financial Group began coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. The Goldman Sachs Group boosted their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, StockNews.com lowered shares of Alarm.com from a “buy” rating to a “hold” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Alarm.com has a consensus rating of “Hold” and a consensus price target of $64.40.

Insider Transactions at Alarm.com

In other Alarm.com news, insider Daniel Ramos sold 9,476 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the transaction, the insider now directly owns 41,100 shares in the company, valued at $2,540,391. The trade was a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,260,125. This represents a 16.48 % 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

Several large investors have recently bought and sold shares of ALRM. SG Americas Securities LLC raised its holdings in shares of Alarm.com by 584.7% in the 2nd quarter. SG Americas Securities LLC now owns 23,169 shares of the software maker’s stock valued at $1,472,000 after purchasing an additional 19,785 shares in the last quarter. Janus Henderson Group PLC raised its stake in Alarm.com by 36.8% in the first quarter. Janus Henderson Group PLC now owns 32,874 shares of the software maker’s stock valued at $2,379,000 after buying an additional 8,843 shares in the last quarter. UniSuper Management Pty Ltd purchased a new stake in Alarm.com during the 1st quarter worth about $759,000. Hsbc Holdings PLC boosted its position in shares of Alarm.com by 312.9% during the 2nd quarter. Hsbc Holdings PLC now owns 21,939 shares of the software maker’s stock worth $1,399,000 after acquiring an additional 16,625 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Alarm.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,880,922 shares of the software maker’s stock valued at $426,190,000 after acquiring an additional 63,653 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Alarm.com Stock Performance

NASDAQ:ALRM opened at $59.85 on Friday. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 4.25 and a beta of 0.90. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. Alarm.com has a 52 week low of $51.87 and a 52 week high of $77.29. The company has a fifty day simple moving average of $55.09 and a two-hundred day simple moving average of $61.15.

About Alarm.com

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.