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

Alarm.com Holdings, Inc. (NASDAQ:ALRM) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 1,020,000 shares, a decline of 15.0% from the March 15th total of 1,200,000 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 251,000 shares, the short-interest ratio is presently 4.1 days.

Insider Activity

In other news, insider Daniel Kerzner sold 28,433 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $69.98, for a total value of $1,989,741.34. Following the sale, the insider now directly owns 57,351 shares in the company, valued at $4,013,422.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Alarm.com news, insider Daniel Ramos sold 1,418 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $70.00, for a total value of $99,260.00. Following the sale, the insider now owns 38,282 shares in the company, valued at $2,679,740. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Kerzner sold 28,433 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $69.98, for a total value of $1,989,741.34. Following the completion of the sale, the insider now owns 57,351 shares in the company, valued at approximately $4,013,422.98. The disclosure for this sale can be found here. Insiders have sold a total of 111,532 shares of company stock worth $8,116,333 over the last three months. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of Alarm.com

Several large investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its stake in Alarm.com by 1.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,121 shares of the software maker’s stock valued at $1,047,000 after purchasing an additional 188 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Alarm.com by 4.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,088 shares of the software maker’s stock valued at $329,000 after purchasing an additional 217 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Alarm.com by 4.2% during the 4th quarter. QRG Capital Management Inc. now owns 5,681 shares of the software maker’s stock valued at $367,000 after purchasing an additional 229 shares during the last quarter. United Capital Financial Advisers LLC boosted its stake in Alarm.com by 3.0% during the 1st quarter. United Capital Financial Advisers LLC now owns 8,065 shares of the software maker’s stock valued at $536,000 after purchasing an additional 232 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Alarm.com by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 13,481 shares of the software maker’s stock valued at $824,000 after purchasing an additional 238 shares during the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Alarm.com Trading Down 3.0 %

NASDAQ:ALRM traded down $2.05 during trading hours on Monday, hitting $65.77. 246,373 shares of the company were exchanged, compared to its average volume of 251,990. The company has a fifty day simple moving average of $71.24 and a 200 day simple moving average of $63.16. Alarm.com has a one year low of $44.92 and a one year high of $77.29. The company has a current ratio of 5.46, a quick ratio of 4.91 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 42.99, a price-to-earnings-growth ratio of 3.85 and a beta of 0.94.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The business had revenue of $226.20 million during the quarter, compared to the consensus estimate of $224.93 million. During the same period last year, the business posted $0.33 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. Sell-side analysts expect that Alarm.com will post 1.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ALRM has been the topic of a number of recent research reports. Barclays increased their target price on Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Roth Mkm increased their price target on Alarm.com from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. StockNews.com raised Alarm.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. increased their price target on Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Finally, TheStreet raised Alarm.com from a “c+” rating to a “b-” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $68.83.

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.