Investors are more bearish on the company recently looking at the increase in short interest. The firm recorded a rise in short interest from September 29, 2017 to October 13, 2017 of 15.14%. Short shares grew 152,460 over that period. With short interest at 1,159,549 and short average daily volume at 380,397, the short-interest ratio is 3.0 and the percentage of shorted shares is 0.02% as of October 13.
Alarm.com Holdings, Inc. (NASDAQ:ALRM) has been the object of insider selling activity recently. Jean-paul Martin, CTO disclosed the sale of 39,764 shares of ALRM stock. The shares sold for $44.83. The CTO now owns $5,846,011 of the stock according to the SEC filing. President and CEO Stephen Trundle sold 78,542 shares at a price of $45.22 on August 31st. That brings the President and CEO’s holdings to $10,499,677 as reported to the SEC.
Daniel Ramos, Sr. VP-Corporate Development reported the sale of 40,000 shares. The shares were sold on August 22nd for a price of $43.37. Ramos now owns $3,778,698 of the stock per the Form 4 SEC filing.
The following firms have recently changed their position in ALRM. Victory Capital Management Inc expanded its stake by buying 67 shares an increase of 1.6%. Victory Capital Management Inc claims 4,282 shares valued at $193,000. The value of the position overall is up by 21.4%. First Trust Advisors Lp augmented its ownership by buying 21,636 shares an increase of 62.1% in the quarter. First Trust Advisors Lp now holds 56,450 shares worth $2,550,000. The total value of its holdings increased 94.7%.
As of the end of the quarter Nationwide Fund Advisors had bought 60,169 shares growing its holdings by 40.9%. The value of the company’s investment in Alarm.com Holdings, Inc. increased from $5,533,000 to $9,362,000 a change of $3,829,000 since the last quarter. As of quarter end Parkside Financial Bank & Trust had disposed of a total of 8 shares trimming its stake by 0.7%. The value of the total investment in Alarm.com Holdings, Inc. went from $42,000 to $50,000 a change of 19.0% quarter over quarter.
August 9 investment analysts at Bank of America made no change to the stock rating of “Buy” and raised the price expectation to $46.00 from $24.50. On August 10, 2017 the stock rating was rated “In-Line” by Imperial Capital down from the previous “Outperform” rating.
On October 6, 2017 Jefferies began coverage of the stock setting a rating of “Hold”. On October 24 Bank of America kept the stock rating at “Buy” and raised the price target from $46.00 to $55.00.
The company is now up by 0.09% since yesterday’s close of $46.68. Company shares last traded at $46.68 barely above $46.43, the stock’s 50 day moving average and which is just a bit higher than the 200 day moving average of $46.33. The 50 day moving average went up by +0.55% and the 200 day average moved up $0.35.
The P/E ratio is 119.39 and the market value is 2.18B. As of the last earnings report the EPS was $0.39 and is estimated to be $0.97 for the current year with 46,708,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.22 and the next full year EPS is anticipated to be $0.97.
Alarm.com Holdings, Inc., launched on January 27, 2009, 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. The Alarm.com segment represents its cloud-based platform for the intelligently connected property solutions. The Other segment is focused on researching and developing home and commercial automation and energy management products and services for sale in adjacent markets. Its solutions are used in both smart homes and businesses. It is involved in designing and manufacturing various types of hardware that enable its solutions, including cellular communication modules, image sensor, video cameras and alarm.com smart thermostat..