Alarm.com Holdings, Inc. (NASDAQ:ALRM) Short Interest Update

Alarm.com Holdings, Inc. (NASDAQ:ALRM) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 1,490,000 shares, a growth of 8.0% from the August 15th total of 1,380,000 shares. Based on an average daily volume of 211,000 shares, the days-to-cover ratio is currently 7.1 days. Approximately 3.2% of the company’s stock are short sold.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $59.94 on Tuesday. The stock has a market cap of $2.99 billion, a PE ratio of 47.20, a price-to-earnings-growth ratio of 10.11 and a beta of 0.96. Alarm.com has a fifty-two week low of $44.92 and a fifty-two week high of $67.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.70 and a current ratio of 5.41. The stock has a fifty day moving average of $56.28 and a 200-day moving average of $51.87.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Wednesday, August 9th. The software maker reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.17. The company had revenue of $223.88 million during the quarter, compared to analysts’ expectations of $214.75 million. Alarm.com had a return on equity of 10.70% and a net margin of 7.77%. Equities research analysts anticipate that Alarm.com will post 0.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ALRM shares. Raymond James lifted their price target on Alarm.com from $65.00 to $70.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 10th. Barclays raised their target price on Alarm.com from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. MKM Partners raised their target price on Alarm.com from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. StockNews.com initiated coverage on Alarm.com in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Finally, Northland Securities raised their target price on Alarm.com from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $65.17.

Insider Activity

In other news, insider Daniel Ramos sold 8,735 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $59.78, for a total value of $522,178.30. Following the transaction, the insider now owns 40,495 shares in the company, valued at $2,420,791.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Daniel Ramos sold 8,735 shares of Alarm.com stock in a transaction on Monday, August 14th. The stock was sold at an average price of $59.78, for a total transaction of $522,178.30. Following the sale, the insider now directly owns 40,495 shares in the company, valued at $2,420,791.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steve Valenzuela sold 5,000 shares of Alarm.com stock in a transaction on Monday, August 14th. The stock was sold at an average price of $58.48, for a total value of $292,400.00. Following the sale, the chief financial officer now owns 40,193 shares in the company, valued at $2,350,486.64. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Alarm.com

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Alarm.com by 0.8% during the third quarter. Vanguard Group Inc. now owns 5,505,683 shares of the software maker’s stock worth $357,099,000 after buying an additional 45,584 shares in the last quarter. William Blair Investment Management LLC grew its position in Alarm.com by 1.8% during the first quarter. William Blair Investment Management LLC now owns 2,532,256 shares of the software maker’s stock worth $127,322,000 after buying an additional 44,902 shares in the last quarter. Riverbridge Partners LLC lifted its stake in Alarm.com by 6.0% during the second quarter. Riverbridge Partners LLC now owns 1,976,234 shares of the software maker’s stock worth $102,132,000 after purchasing an additional 111,805 shares during the last quarter. Geode Capital Management LLC lifted its stake in Alarm.com by 2.8% during the second quarter. Geode Capital Management LLC now owns 986,032 shares of the software maker’s stock worth $50,958,000 after purchasing an additional 27,151 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Alarm.com by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 984,586 shares of the software maker’s stock worth $50,882,000 after purchasing an additional 119,755 shares during the last quarter. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

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 in 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 escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.