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

Alarm.com Holdings, Inc. (NASDAQ:ALRM) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 2,040,000 shares, an increase of 5.7% from the May 31st total of 1,930,000 shares. Currently, 4.3% of the shares of the company are short sold. Based on an average trading volume of 413,100 shares, the short-interest ratio is presently 4.9 days.

Alarm.com Trading Up 1.9 %

Shares of Alarm.com stock opened at $64.32 on Friday. The company has a market capitalization of $3.23 billion, a P/E ratio of 38.06, a P/E/G ratio of 3.11 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.03 and a current ratio of 5.51. The company has a fifty day moving average of $65.32 and a 200 day moving average of $66.54. Alarm.com has a fifty-two week low of $48.61 and a fifty-two week high of $77.29.

Alarm.com (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, May 9th. The software maker reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. The business had revenue of $223.28 million for the quarter, compared to analysts’ expectations of $218.32 million. Alarm.com had a net margin of 10.08% and a return on equity of 12.14%. On average, sell-side analysts anticipate that Alarm.com will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of Alarm.com

Several hedge funds have recently bought and sold shares of ALRM. FMR LLC lifted its stake in Alarm.com by 18,200.6% in the 3rd quarter. FMR LLC now owns 312,391 shares of the software maker’s stock worth $19,100,000 after purchasing an additional 310,684 shares in the last quarter. Northern Trust Corp raised its position in shares of Alarm.com by 1.5% during the 3rd quarter. Northern Trust Corp now owns 706,274 shares of the software maker’s stock valued at $43,182,000 after buying an additional 10,245 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of Alarm.com by 23.4% during the 3rd quarter. Gotham Asset Management LLC now owns 9,023 shares of the software maker’s stock valued at $552,000 after buying an additional 1,710 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Alarm.com by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,824,656 shares of the software maker’s stock valued at $356,119,000 after buying an additional 62,262 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Alarm.com during the 4th quarter valued at about $190,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ALRM shares. StockNews.com downgraded shares of Alarm.com from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 14th. William Blair raised shares of Alarm.com to a “hold” rating in a research report on Thursday, May 9th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Alarm.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.83.

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.