AlarmCom Hldg Inc (NASDAQ:ALRM) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 668,528 shares, a drop of 42.1% from the November 30th total of 1,154,134 shares. Based on an average daily volume of 731,482 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.5% of the company’s stock are sold short.
In other AlarmCom news, insider Timothy P. Mcadam sold 20,407 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $36.78, for a total value of $750,569.46. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Daniel Ramos sold 19,909 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $47.05, for a total value of $936,718.45. Following the completion of the transaction, the vice president now directly owns 82,327 shares in the company, valued at $3,873,485.35. The disclosure for this sale can be found here. Insiders sold 286,678 shares of company stock worth $12,278,257 over the last three months. 78.50% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in AlarmCom in the third quarter worth about $109,000. Macquarie Group Ltd. acquired a new position in AlarmCom in the third quarter worth about $147,000. BNP Paribas Arbitrage SA grew its stake in AlarmCom by 95.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after purchasing an additional 2,033 shares in the last quarter. Victory Capital Management Inc. grew its stake in AlarmCom by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock worth $159,000 after purchasing an additional 632 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in AlarmCom by 57.4% in the second quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after purchasing an additional 1,673 shares in the last quarter. Institutional investors and hedge funds own 83.16% of the company’s stock.
A number of analysts have recently issued reports on ALRM shares. Roth Capital reaffirmed a “buy” rating and set a $48.00 target price on shares of AlarmCom in a research report on Friday, September 8th. William Blair reaffirmed an “outperform” rating on shares of AlarmCom in a research report on Thursday, September 21st. Jefferies Group started coverage on AlarmCom in a research report on Friday, October 6th. They set a “hold” rating and a $43.00 target price on the stock. Zacks Investment Research lowered AlarmCom from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Northland Securities reaffirmed a “buy” rating and set a $51.00 target price on shares of AlarmCom in a research report on Friday, October 13th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $46.90.
Shares of AlarmCom (ALRM) opened at $35.97 on Friday. The stock has a market capitalization of $1,720.00 and a PE ratio of 55.34. AlarmCom has a 52-week low of $26.84 and a 52-week high of $49.49. The company has a debt-to-equity ratio of -0.81, a quick ratio of 2.88 and a current ratio of 3.16.
AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.07. The business had revenue of $90.00 million during the quarter, compared to the consensus estimate of $83.04 million. AlarmCom had a negative return on equity of 42.00% and a net margin of 9.97%. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the firm earned $0.19 earnings per share. research analysts predict that AlarmCom will post 0.82 EPS for the current year.
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AlarmCom Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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