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

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 2,190,000 shares, a decrease of 7.2% from the November 15th total of 2,360,000 shares. Based on an average daily trading volume, of 419,800 shares, the short-interest ratio is presently 5.2 days. Approximately 4.7% of the company's shares are short sold.

Alarm.com Price Performance

Shares of NASDAQ:ALRM traded up $0.60 during midday trading on Monday, hitting $67.71. The stock had a trading volume of 283,911 shares, compared to its average volume of 377,674. The company has a quick ratio of 8.20, a current ratio of 8.66 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $3.35 billion, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 4.08 and a beta of 0.97. The company's 50-day moving average price is $59.35 and its 200-day moving average price is $60.65. Alarm.com has a fifty-two week low of $51.87 and a fifty-two week high of $77.29.

Insider Activity at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 47,500 shares of the business's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total value of $3,238,550.00. Following the completion of the transaction, the chief executive officer now directly owns 252,682 shares of the company's stock, valued at approximately $17,227,858.76. The trade was a 15.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the director now owns 5,767 shares of the company's stock, valued at $344,116.89. This trade represents a 31.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Institutional Trading of Alarm.com

Institutional investors and hedge funds have recently modified their holdings of the business. Disciplined Growth Investors Inc. MN lifted its holdings in Alarm.com by 6.0% in the third quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker's stock valued at $157,168,000 after buying an additional 163,851 shares during the period. Geneva Capital Management LLC lifted its holdings in shares of Alarm.com by 0.8% in the 3rd quarter. Geneva Capital Management LLC now owns 1,307,482 shares of the software maker's stock worth $71,480,000 after purchasing an additional 10,630 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Alarm.com by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,162,877 shares of the software maker's stock valued at $73,889,000 after purchasing an additional 42,281 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Alarm.com by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 521,543 shares of the software maker's stock valued at $28,513,000 after purchasing an additional 7,567 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Alarm.com by 15.8% during the second quarter. Bank of New York Mellon Corp now owns 472,948 shares of the software maker's stock valued at $30,051,000 after buying an additional 64,424 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Alarm.com in a report on Tuesday, November 5th. They issued a "buy" rating and a $65.00 target price on the stock. StockNews.com downgraded shares of Alarm.com from a "buy" rating to a "hold" rating in a report on Tuesday, December 10th. Barclays raised their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Friday, November 8th. 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 report on Friday, November 8th. Finally, Roth Mkm dropped their target price on Alarm.com from $78.00 to $73.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $64.40.

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.