Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,400,000 shares, an increase of 9.6% from the November 30th total of 2,190,000 shares. Approximately 5.1% of the company's stock are sold short. Based on an average daily trading volume, of 409,700 shares, the days-to-cover ratio is currently 5.9 days.
Insider Buying and Selling at Alarm.com
In other news, Director Stephen C. Evans sold 2,625 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $59.67, for a total value of $156,633.75. Following the transaction, the director now directly owns 5,767 shares of the company's stock, valued at approximately $344,116.89. This represents a 31.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Trundle sold 47,500 shares of the firm's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the sale, the chief executive officer now owns 252,682 shares in the company, valued at approximately $17,227,858.76. This represents a 15.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,976 shares of company stock valued at $5,576,490. 5.60% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Alarm.com
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALRM. Oakworth Capital Inc. purchased a new stake in shares of Alarm.com in the third quarter valued at about $38,000. Quarry LP boosted its holdings 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 purchasing an additional 525 shares during the last quarter. Huntington National Bank grew its stake in shares of Alarm.com by 52.4% in the 3rd quarter. Huntington National Bank now owns 1,068 shares of the software maker's stock valued at $58,000 after buying an additional 367 shares during the period. Point72 DIFC Ltd increased its holdings in shares of Alarm.com by 293.6% during the 2nd quarter. Point72 DIFC Ltd now owns 1,476 shares of the software maker's stock worth $94,000 after buying an additional 1,101 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Alarm.com during the 2nd quarter worth approximately $108,000. Institutional investors and hedge funds own 91.74% of the company's stock.
Alarm.com Price Performance
ALRM traded down $0.26 during trading on Tuesday, reaching $60.80. The company's stock had a trading volume of 249,078 shares, compared to its average volume of 380,104. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 4.08 and a beta of 0.97. The firm has a fifty day simple moving average of $61.69 and a two-hundred day simple moving average of $60.64. Alarm.com has a 1 year low of $51.87 and a 1 year high of $77.29. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42.
Analyst Upgrades and Downgrades
ALRM has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of 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 cut their target price 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. StockNews.com upgraded Alarm.com from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $50.00 target price (down previously from $65.00) on shares of Alarm.com in a report on Monday, November 11th. Finally, Barclays lifted their price target on Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $64.40.
Get Our Latest Stock Report on Alarm.com
Alarm.com Company Profile
(
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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.
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