Alarm.com Holdings, Inc. (NASDAQ:ALRM) Short Interest Up 9.6% in December

Alarm.com Holdings, Inc. (NASDAQ:ALRM) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 2,400,000 shares, a growth of 9.6% from the November 30th total of 2,190,000 shares. Based on an average daily volume of 409,700 shares, the short-interest ratio is currently 5.9 days. Approximately 5.1% of the shares of the company are short sold.

Insider Transactions at Alarm.com

In related news, CEO Stephen Trundle sold 47,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were 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. This trade represents a 15.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen C. Evans sold 2,625 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total transaction of $156,633.75. Following the sale, the director now directly owns 5,767 shares in the company, valued at $344,116.89. The trade was a 31.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,976 shares of company stock worth $5,576,490 over the last quarter. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of Alarm.com

Several institutional investors and hedge funds have recently made changes to their positions in ALRM. Assenagon Asset Management S.A. grew its position in Alarm.com by 230.6% in the third quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock worth $20,844,000 after acquiring an additional 265,936 shares in the last quarter. Bank of Montreal Can lifted its stake in Alarm.com by 2,394.6% during the second quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock worth $17,406,000 after purchasing an additional 262,757 shares during the last quarter. M&G PLC purchased a new position in shares of Alarm.com in the 3rd quarter worth about $9,583,000. Disciplined Growth Investors Inc. MN increased its position in shares of Alarm.com by 6.0% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,874,849 shares of the software maker’s stock valued at $157,168,000 after purchasing an additional 163,851 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Alarm.com by 1,729.4% during the 2nd quarter. Federated Hermes Inc. now owns 118,231 shares of the software maker’s stock valued at $7,512,000 after buying an additional 111,768 shares in the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on ALRM shares. The Goldman Sachs Group raised their target price on Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. reaffirmed 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 started coverage on shares of Alarm.com in a report on Tuesday, November 5th. They set a “buy” rating and a $65.00 target price on the stock. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Finally, Roth Mkm decreased their price target on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Alarm.com currently has a consensus rating of “Hold” and a consensus price target of $64.40.

Alarm.com Trading Down 0.4 %

Shares of ALRM opened at $60.80 on Thursday. Alarm.com has a 1-year low of $51.87 and a 1-year high of $77.29. The company has a market capitalization of $3.01 billion, a P/E ratio of 26.32, a P/E/G ratio of 4.08 and a beta of 0.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 8.66 and a quick ratio of 8.20. The firm’s 50 day simple moving average is $61.83 and its 200 day simple moving average is $60.65.

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.