AlarmCom Hldg Inc (ALRM) Short Interest Up 36.5% in November
AlarmCom Hldg Inc (NASDAQ:ALRM) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 1,154,134 shares, a growth of 36.5% from the November 15th total of 845,803 shares. Approximately 4.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 562,039 shares, the short-interest ratio is presently 2.1 days.
AlarmCom (NASDAQ ALRM) opened at $36.81 on Friday. The company has a market capitalization of $1,730.05, a PE ratio of 40.78, a PEG ratio of 3.15 and a beta of 1.27. The company has a quick ratio of 2.88, a current ratio of 3.16 and a debt-to-equity ratio of -0.81. AlarmCom has a twelve month low of $26.68 and a twelve month high of $49.49.
AlarmCom (NASDAQ:ALRM) last released its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.07. The firm had revenue of $90.00 million for 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 quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. research analysts expect that AlarmCom will post 0.82 EPS for the current year.
In other AlarmCom news, insider David Hutz sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $47.73, for a total transaction of $167,055.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Vii Lp Tcv sold 121,885 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $42.40, for a total value of $5,167,924.00. The disclosure for this sale can be found here. Insiders sold 274,064 shares of company stock worth $11,831,394 in the last quarter. 78.50% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC purchased a new position in shares of AlarmCom in the second quarter worth about $37,684,000. Vanguard Group Inc. grew its stake in shares of AlarmCom by 21.7% in the second quarter. Vanguard Group Inc. now owns 776,777 shares of the software maker’s stock worth $29,229,000 after purchasing an additional 138,595 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of AlarmCom by 61.6% in the second quarter. Renaissance Technologies LLC now owns 593,000 shares of the software maker’s stock worth $22,315,000 after purchasing an additional 226,000 shares during the last quarter. Oak Ridge Investments LLC bought a new stake in shares of AlarmCom in the second quarter worth about $19,059,000. Finally, Koch Industries Inc. bought a new stake in shares of AlarmCom in the second quarter worth about $485,000. Hedge funds and other institutional investors own 83.16% of the company’s stock.
A number of equities research analysts have weighed in on ALRM shares. Zacks Investment Research downgraded AlarmCom from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Jefferies Group started coverage on AlarmCom in a research report on Friday, October 6th. They set a “hold” rating and a $43.00 price target on the stock. William Blair restated an “outperform” rating on shares of AlarmCom in a research report on Thursday, September 21st. Northland Securities restated a “buy” rating and set a $51.00 price target on shares of AlarmCom in a research report on Friday, October 13th. Finally, Stifel Nicolaus restated a “hold” rating and set a $38.00 price target (up previously from $34.00) on shares of AlarmCom in a research report on Thursday, November 9th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $46.90.
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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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