2 weeks Ago By ABMN Staff
Alarm.com Holdings, Inc. ( NASDAQ:ALRM – Get Free Report ) was the recipient of a significant increase in short interest in September.
As of September 15th, there was short interest totalling 2,710,000 shares, an increase of 6.7% from the August 31st total of 2,540,000 shares. Based on an average daily trading volume, of 469,200 shares, the days-to-cover ratio is presently 5.
8 days. Approximately 5.8% of the company’s shares are short sold.
Wall Street Analyst Weigh In A number of equities research analysts have recently weighed in on ALRM shares. StockNews.com raised Alarm.
com from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. The Goldman Sachs Group assumed coverage on Alarm.com in a research report on Friday, September 6th.
They issued a “neutral” rating and a $64.00 price target on the stock. Finally, Barclays dropped their price target on Alarm.
com from $78.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 11th.
Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $69.00.
Read Our Latest Analysis on ALRM Alarm.com Stock Down 1.2 % Alarm.
com ( NASDAQ:ALRM – Get Free Report ) last released its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
49 by $0.09. Alarm.
com had a return on equity of 13.00% and a net margin of 11.92%.
The company had revenue of $233.80 million for the quarter, compared to analysts’ expectations of $227.35 million.
During the same quarter in the previous year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was up 4.
4% compared to the same quarter last year. As a group, equities analysts forecast that Alarm.com will post 1.
4 EPS for the current fiscal year. Insider Buying and Selling In related news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction that occurred on Thursday, August 22nd.
The stock was sold at an average price of $60.27, for a total transaction of $445,998.00.
Following the transaction, the chief financial officer now owns 37,500 shares in the company, valued at $2,260,125. The sale was disclosed in a document filed with the SEC, which is accessible through this link . In other Alarm.
com news, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.
00. Following the completion of the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,260,125. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink .
Also, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $61.81, for a total value of $585,711.
56. Following the sale, the insider now directly owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. The disclosure for this sale can be found here .
5.60% of the stock is currently owned by company insiders. Institutional Inflows and Outflows A number of hedge funds have recently made changes to their positions in ALRM.
Armistice Capital LLC acquired a new position in shares of Alarm.com during the fourth quarter valued at approximately $346,000. Thematics Asset Management grew its position in Alarm.
com by 7.0% in the fourth quarter. Thematics Asset Management now owns 80,637 shares of the software maker’s stock worth $5,211,000 after buying an additional 5,278 shares during the last quarter.
Centaurus Financial Inc. grew its position in Alarm.com by 1.
8% in the fourth quarter. Centaurus Financial Inc. now owns 219,201 shares of the software maker’s stock worth $14,165,000 after buying an additional 3,793 shares during the last quarter.
Healthcare of Ontario Pension Plan Trust Fund grew its position in Alarm.com by 78.8% in the fourth quarter.
Healthcare of Ontario Pension Plan Trust Fund now owns 95,300 shares of the software maker’s stock worth $6,158,000 after buying an additional 42,000 shares during the last quarter. Finally, First PREMIER Bank acquired a new position in Alarm.com in the first quarter worth approximately $30,000.
Institutional investors and hedge funds own 91.74% of the company’s stock. About Alarm.
com ( Get Free Report ) 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. Read More Receive News & Ratings for Alarm.
com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alarm.com and related companies with MarketBeat.com's FREE daily email newsletter .
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