Alarm.com Holdings, Inc. (NASDAQ:ALRM) Sees Significant Decrease in Short Interest

Alarm.com Holdings, Inc. (NASDAQ:ALRM) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 2,300,000 shares, a decline of 15.1% from the September 15th total of 2,710,000 shares. Based on an average daily volume of 406,500 shares, the days-to-cover ratio is presently 5.7 days. Currently, 4.9% of the shares of the company are sold short.

Insider Transactions at Alarm.com

In related news, insider Daniel Ramos sold 9,476 shares of the 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 completion of the sale, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Daniel Ramos sold 9,476 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the transaction, the insider now directly owns 41,100 shares in the company, valued at approximately $2,540,391. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction 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 in the company, valued at $2,260,125. This represents a 0.00 % 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 hedge funds and other institutional investors have recently made changes to their positions in ALRM. Creative Planning increased its position in Alarm.com by 8.6% in the third quarter. Creative Planning now owns 14,314 shares of the software maker’s stock worth $783,000 after purchasing an additional 1,132 shares during the period. Inspire Investing LLC grew its position in shares of Alarm.com by 36.3% during the 3rd quarter. Inspire Investing LLC now owns 7,528 shares of the software maker’s stock worth $412,000 after buying an additional 2,003 shares during the period. Handelsbanken Fonder AB raised its stake in shares of Alarm.com by 1.4% during the third quarter. Handelsbanken Fonder AB now owns 373,600 shares of the software maker’s stock worth $20,425,000 after buying an additional 5,000 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in Alarm.com by 2.7% in the second quarter. Centaurus Financial Inc. now owns 228,188 shares of the software maker’s stock valued at $14,499,000 after buying an additional 5,961 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Alarm.com by 165.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 79,600 shares of the software maker’s stock valued at $5,058,000 after acquiring an additional 49,600 shares during the last quarter. 91.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ALRM shares. Roth Mkm decreased their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. The Goldman Sachs Group assumed coverage on Alarm.com in a research note on Friday, September 6th. They issued a “neutral” rating and a $64.00 price target on the stock. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Barclays reduced their target price on shares of Alarm.com from $72.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.75.

Alarm.com Trading Up 0.5 %

Shares of ALRM opened at $53.98 on Wednesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 8.70 and a current ratio of 9.25. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 3.22 and a beta of 0.90. The stock has a fifty day moving average price of $56.94 and a two-hundred day moving average price of $63.03. Alarm.com has a 52-week low of $49.70 and a 52-week high of $77.29.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.09. Alarm.com had a net margin of 11.92% and a return on equity of 13.00%. The firm had revenue of $233.80 million during the quarter, compared to analysts’ expectations of $227.35 million. During the same quarter last year, the company posted $0.33 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts predict that Alarm.com will post 1.4 EPS for the current fiscal year.

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.