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

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

Insider Buying and Selling

In related news, CFO Steve Valenzuela sold 1,716 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total value of $120,120.00. Following the completion of the transaction, the chief financial officer now directly owns 35,784 shares of the company’s stock, valued at $2,504,880. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Alarm.com news, CEO Stephen Trundle sold 3,217 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total transaction of $225,190.00. Following the completion of the transaction, the chief executive officer now owns 234,449 shares of the company’s stock, valued at $16,411,430. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steve Valenzuela sold 1,716 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $70.00, for a total transaction of $120,120.00. Following the transaction, the chief financial officer now directly owns 35,784 shares of the company’s stock, valued at approximately $2,504,880. The disclosure for this sale can be found here. Insiders sold a total of 111,532 shares of company stock valued at $8,116,333 over the last three months. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Alarm.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALRM. HighTower Advisors LLC boosted its stake in shares of Alarm.com by 5.8% during the 1st quarter. HighTower Advisors LLC now owns 14,646 shares of the software maker’s stock worth $975,000 after acquiring an additional 800 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Alarm.com by 53.5% during the 1st quarter. MetLife Investment Management LLC now owns 25,138 shares of the software maker’s stock worth $1,671,000 after acquiring an additional 8,765 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Alarm.com by 5.8% during the 1st quarter. Rhumbline Advisers now owns 114,173 shares of the software maker’s stock worth $7,588,000 after acquiring an additional 6,295 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of Alarm.com by 1.3% during the 1st quarter. Yousif Capital Management LLC now owns 41,740 shares of the software maker’s stock worth $2,774,000 after acquiring an additional 540 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Alarm.com by 44.0% during the 1st quarter. Mackenzie Financial Corp now owns 3,738 shares of the software maker’s stock worth $248,000 after acquiring an additional 1,143 shares during the last quarter. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Analysts Set New Price Targets

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

Alarm.com Stock Performance

ALRM stock traded down $2.05 on Monday, hitting $65.77. The company had a trading volume of 246,373 shares, compared to its average volume of 251,990. Alarm.com has a 12-month low of $44.92 and a 12-month 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’s 50-day simple moving average is $71.24 and its 200 day simple moving average is $63.16. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 42.99, a P/E/G ratio of 3.85 and a beta of 0.94.

Alarm.com (NASDAQ:ALRM) last issued its earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share (EPS) 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 company had revenue of $226.20 million during the quarter, compared to analysts’ expectations of $224.93 million. During the same quarter in the prior year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities research analysts expect that Alarm.com will post 1.39 earnings per share for the current fiscal year.

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.