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

Alarm.com Holdings, Inc. (NASDAQ:ALRM) was the target of a large 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 trading volume of 419,800 shares, the short-interest ratio is presently 5.2 days. Approximately 4.7% of the shares of the company are sold short.

Insider Buying and Selling at Alarm.com

In related news, CEO Stephen Trundle sold 47,500 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $68.18, for a total transaction of $3,238,550.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen C. Evans sold 2,625 shares of the firm’s 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in Alarm.com by 230.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 381,277 shares of the software maker’s stock worth $20,844,000 after purchasing an additional 265,936 shares during the period. Bank of Montreal Can raised its holdings in shares of Alarm.com by 2,394.6% in the second quarter. Bank of Montreal Can now owns 273,730 shares of the software maker’s stock worth $17,406,000 after buying an additional 262,757 shares during the period. M&G PLC bought a new stake in shares of Alarm.com during the 3rd quarter worth approximately $9,583,000. Disciplined Growth Investors Inc. MN lifted its stake 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 acquiring an additional 163,851 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in 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 acquiring an additional 111,768 shares during the period. 91.74% of the stock is owned by hedge funds and other institutional investors.

Alarm.com Stock Up 0.0 %

NASDAQ ALRM opened at $67.11 on Monday. The company has a market capitalization of $3.32 billion, a P/E ratio of 29.05, a P/E/G ratio of 4.08 and a beta of 0.97. The stock has a 50 day moving average price of $59.35 and a 200-day moving average price of $60.65. The company has a debt-to-equity ratio of 1.42, a quick ratio of 8.20 and a current ratio of 8.66. Alarm.com has a one year low of $51.87 and a one year high of $77.29.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JPMorgan Chase & Co. restated an “underweight” rating and issued a $50.00 price target (down previously from $65.00) on shares of Alarm.com in a research report on Monday, November 11th. Roth Mkm decreased their target price on shares of Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. StockNews.com downgraded shares of Alarm.com from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. The Goldman Sachs Group increased their price objective on shares of Alarm.com from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Barclays raised their price objective on shares of Alarm.com from $60.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $64.40.

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.