Shares of the company are trading at $37.53 which is just over $34.65, the stock’s 50 day moving average and which is a tad above the 200 day moving average of $30.87. The 50 day moving average was up $2.88 whereas the 200 day moving average was up $6.66 or +21.56%. Trading was heavy with 374K shares changing hands on Thursday. Shares saw a steep increase in trading volume of 43.55% over the normal average daily volume.
Short traders are feeling a little more bearish on shares of Alarm.com Holdings, Inc. recently if you look at the change in short interest. The firm saw a rise in short interest between June 15, 2017 and May 31, 2017 of 4.51%. Short interest increased 18,271 over that timeframe. The short-interest ratio decreased to 1.0 and the short interest percentage is 0.01% as of May 31.
Here is the rundown on market activity for Alarm.com Holdings, Inc. (NASDAQ:ALRM). Jean-paul Martin, CTO reported the sale of 20,000 shares. The shares were sold on July 5th for an average price of $36.33. The CTO now owns $4,737,577 of the stock per the Form 4 SEC filing. Daniel Ramos, Sr. VP-Corporate Development disclosed the sale of 34,777 shares of ALRM stock. The shares sold for $36.02. Ramos now owns $4,597,125 of the stock according to the SEC filing.
Jean-paul Martin, CTO sold $642,200 worth of shares at an average price of $32.11 on May 31st. Martin now owns $4,187,272 of stock per an SEC filing yesterday.
Here are some other firms who have updated their holdings. Morgan Stanley augmented its position by buying 1,572 shares an increase of 45.0% in the quarter. Morgan Stanley controls 5,067 shares valued at $156,000. The total value of its holdings increased 60.8%. As of the end of the quarter Tower Research Capital LLC (trc) had disposed of a total of 495 shares trimming its holdings by 81.7%. The value of the company’s investment in Alarm.com Holdings, Inc. decreased from $17,000 to $3,000 a change of 82.4% quarter over quarter.
Goldman Sachs Group Inc bolstered its stake by buying 2,795 shares an increase of 26.1% as of 03/31/2017. Goldman Sachs Group Inc owns 13,496 shares with a value of $415,000. The value of the position overall is up by 39.3%. Janus Capital Management LLC grew its ownership by buying 105,653 shares an increase of 18.0% from 12/31/2016 to 03/31/2017. Janus Capital Management LLC now controls 692,281 shares worth $21,281,000. The value of the position overall is up by 30.4%.
May 11 investment analysts at Imperial Capital held the stock rating at “Outperform” and raised the price target to $36.00 from $24.50. Equity analyst Maxim Group added the stock to its research portfolio giving it an initial rating of “Buy”.
Raymond James both downgraded the stock and raised the price target on August 16 changing the price target from $21.00 to $30.00 and altering the rating from “Outperform” to “Buy”. On August 16 the company was downgraded from “Outperform” to “Buy” with a current price target of $30.00 by Raymond James.
On August 16 Goldman Sachs made no change to the stock rating of “Buy” and raised the price expectation from $18.00 to $30.00. On July 8, 2016 First Analysis starting coverage on the stock with a rating of “Overweight”.
The company is so far trading up by 0.70% since yesterday’s close of $37.27. The most current P/E ratio is 163.17 and the market cap is 1.74B. As of the latest earnings report the EPS was $0.23 and is projected to be $0.76 for the current year with 46,318,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.18 and the next full year EPS is anticipated to be $0.89.
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..