Alarm.com Holdings, Inc. (NASDAQ:ALRM) Sees Large Growth in Short Interest

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) was the target of a large growth in short interest in 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. Approximately 5.0% of the company's stock are short sold. Based on an average daily trading volume, of 420,200 shares, the days-to-cover ratio is presently 5.6 days.

Alarm.com Trading Down 0.1 %

NASDAQ ALRM opened at $59.85 on Friday. The company has a current ratio of 8.66, a quick ratio of 8.20 and a debt-to-equity ratio of 1.42. The company has a fifty day simple moving average of $55.09 and a two-hundred 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 cap 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.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ALRM. Roth Mkm cut their target price on Alarm.com from $78.00 to $73.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $50.00 price objective (down previously from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. Jefferies Financial Group began coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a "buy" rating and a $65.00 target price for the company. StockNews.com downgraded Alarm.com from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group raised 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $64.40.

Insiders Place Their Bets

In other Alarm.com 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 transaction of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares in the company, valued at $2,540,391. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,260,125. This represents a 16.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.60% of the company's stock.

Institutional Trading of Alarm.com

Several large investors have recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new stake in shares of Alarm.com during the third quarter worth about $38,000. Quarry LP raised its position in Alarm.com by 291.7% during the 3rd quarter. Quarry LP now owns 705 shares of the software maker's stock worth $39,000 after buying an additional 525 shares during the last quarter. Huntington National Bank lifted its stake in Alarm.com by 52.4% during the 3rd 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. Point72 DIFC Ltd boosted its holdings in shares of Alarm.com by 293.6% in the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker's stock valued at $94,000 after acquiring an additional 1,101 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Alarm.com in the second quarter worth $108,000. Hedge funds and other institutional investors own 91.74% of the company's stock.

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.