Short Interest in Alarm.com Holdings, Inc. (NASDAQ:ALRM) Decreases By 15.0%

Alarm.com Holdings, Inc. (NASDAQ:ALRM - Get Free Report) was the target of a significant decrease in short interest in the month of 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. Currently, 2.2% of the company's shares are sold short. Based on an average trading volume of 251,000 shares, the days-to-cover ratio is presently 4.1 days.

Insider Activity

In other news, insider Daniel Kerzner sold 28,433 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 57,351 shares of the company's stock, valued at approximately $4,013,422.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Daniel Kerzner sold 28,433 shares of the firm's stock in a transaction on 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 transaction, the insider now directly owns 57,351 shares in the company, valued at approximately $4,013,422.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Ramos sold 8,250 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $74.44, for a total value of $614,130.00. Following the completion of the sale, the insider now owns 39,700 shares of the company's stock, valued at approximately $2,955,268. The disclosure for this sale can be found here. Insiders have sold 111,532 shares of company stock valued at $8,116,333 over the last 90 days. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alarm.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Operose Advisors LLC acquired a new stake in shares of Alarm.com during the 3rd quarter worth about $26,000. First PREMIER Bank acquired a new stake in Alarm.com during the first quarter worth approximately $30,000. Signaturefd LLC boosted its holdings in shares of Alarm.com by 474.7% during the third quarter. Signaturefd LLC now owns 500 shares of the software maker's stock worth $31,000 after acquiring an additional 413 shares during the period. GAMMA Investing LLC bought a new stake in shares of Alarm.com during the fourth quarter worth approximately $31,000. Finally, Pacer Advisors Inc. acquired a new position in shares of Alarm.com in the fourth quarter valued at approximately $39,000. 91.74% of the stock is owned by institutional investors.

Alarm.com Stock Performance

Shares of ALRM traded down $0.52 during midday trading on Friday, reaching $67.82. The stock had a trading volume of 173,770 shares, compared to its average volume of 242,382. 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 firm has a 50 day simple moving average of $71.15 and a 200-day simple moving average of $63.13. The firm has a market cap of $3.39 billion, a PE ratio of 44.33, a P/E/G ratio of 3.85 and a beta of 0.94. Alarm.com has a one year low of $44.92 and a one year high of $77.29.

Alarm.com (NASDAQ:ALRM - Get Free Report) last released its quarterly earnings data 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 net margin of 9.19% and a return on equity of 11.61%. The business had revenue of $226.20 million during the quarter, compared to the consensus estimate of $224.93 million. During the same quarter in the prior year, the company earned $0.33 EPS. Alarm.com's quarterly revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Alarm.com will post 1.39 EPS for the current year.

Wall Street Analysts Forecast Growth

ALRM has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped 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. TheStreet raised Alarm.com from a "c+" rating to a "b-" rating in a research report 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. Barclays lifted their target price on Alarm.com from $66.00 to $78.00 and gave the company an "equal weight" rating in a research report on Friday, February 23rd. Finally, Roth Mkm boosted their price target on shares of Alarm.com from $67.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Alarm.com has a consensus rating of "Buy" and a consensus target price 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.