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

Alarm.com Holdings, Inc. (NASDAQ:ALRM) saw a large increase in short interest in 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. Based on an average daily volume of 420,200 shares, the days-to-cover ratio is presently 5.6 days. Currently, 5.0% of the shares of the company are sold short.

Alarm.com Stock Down 0.1 %

NASDAQ ALRM opened at $59.85 on Monday. The stock’s 50 day simple moving average is $55.09 and its 200 day simple moving average is $61.11. Alarm.com has a one year low of $51.87 and a one year high of $77.29. The firm has a market cap of $2.96 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 4.08 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.

Insider Transactions at Alarm.com

In other news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com 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 approximately $2,260,125. This trade represents a 16.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $585,711.56. Following the completion of the transaction, the insider now owns 41,100 shares of the company’s stock, valued at $2,540,391. The trade was a 18.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Alarm.com

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Oakworth Capital Inc. bought a new position in shares of Alarm.com in the third quarter valued at about $38,000. Quarry LP increased its position in Alarm.com by 291.7% in the 3rd quarter. Quarry LP now owns 705 shares of the software maker’s stock valued at $39,000 after acquiring an additional 525 shares in the last quarter. Huntington National Bank raised its stake in shares of Alarm.com by 52.4% in the third quarter. Huntington National Bank now owns 1,068 shares of the software maker’s stock worth $58,000 after acquiring an additional 367 shares during the last quarter. Point72 DIFC Ltd lifted its position in shares of Alarm.com by 293.6% during the second quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker’s stock worth $94,000 after purchasing an additional 1,101 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Alarm.com during the second quarter valued at approximately $108,000. Institutional investors and hedge funds own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. Roth Mkm cut their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. The Goldman Sachs Group upped their price objective on Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Jefferies Financial Group assumed coverage on Alarm.com in a research report on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price for the company. Finally, StockNews.com cut Alarm.com from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.