Short Interest in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Drops By 7.2%

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

Analyst Ratings Changes

ALRM has been the subject of several research analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $50.00 target price (down from $65.00) on shares of Alarm.com in a research note on Monday, November 11th. The Goldman Sachs Group increased their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Barclays boosted their target price on shares of Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Jefferies Financial Group started coverage on shares of Alarm.com in a research note on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Roth Mkm lowered their price objective on 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, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Alarm.com currently has an average rating of “Hold” and a consensus price target of $64.40.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $67.71 on Tuesday. The firm has a 50-day simple moving average of $59.66 and a 200-day simple moving average of $60.66. 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 stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 4.08 and a beta of 0.97. Alarm.com has a 52 week low of $51.87 and a 52 week high of $77.29.

Insider Buying and Selling

In other Alarm.com news, CEO Stephen Trundle sold 47,500 shares of the company’s stock in a transaction dated 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 owns 252,682 shares in the company, valued at approximately $17,227,858.76. This represents a 15.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen C. Evans sold 2,625 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $59.67, for a total value of $156,633.75. Following the sale, the director now owns 5,767 shares in the company, 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 owned by corporate insiders.

Institutional Trading of Alarm.com

Several large investors have recently bought and sold shares of the business. Disciplined Growth Investors Inc. MN boosted its holdings 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 worth $157,168,000 after purchasing an additional 163,851 shares during the last quarter. Barclays PLC lifted its position in Alarm.com by 323.2% during the third quarter. Barclays PLC now owns 91,402 shares of the software maker’s stock worth $4,997,000 after buying an additional 69,804 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Alarm.com during the third quarter worth $1,322,000. XTX Topco Ltd grew its holdings in Alarm.com by 15.5% in the 3rd quarter. XTX Topco Ltd now owns 6,529 shares of the software maker’s stock valued at $357,000 after buying an additional 877 shares in the last quarter. Finally, DF Dent & Co. Inc. increased its stake in shares of Alarm.com by 23.3% in the 3rd quarter. DF Dent & Co. Inc. now owns 359,399 shares of the software maker’s stock worth $19,648,000 after acquiring an additional 67,824 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

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 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.