AlarmCom Hldg Inc (NASDAQ:ALRM) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 7,830,000 shares, a growth of 8.9% from the October 31st total of 7,190,000 shares. Approximately 21.8% of the shares of the company are short sold. Based on an average daily trading volume, of 333,100 shares, the days-to-cover ratio is presently 23.5 days.

In other news, CEO Stephen Trundle sold 10,000 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $44.83, for a total transaction of $448,300.00. Following the sale, the chief executive officer now directly owns 257,493 shares of the company’s stock, valued at $11,543,411.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 26.00% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of AlarmCom by 11.9% in the second quarter. BlackRock Inc. now owns 5,650,949 shares of the software maker’s stock worth $302,326,000 after acquiring an additional 603,061 shares during the period. Brown Capital Management LLC raised its position in shares of AlarmCom by 39.2% in the second quarter. Brown Capital Management LLC now owns 4,488,606 shares of the software maker’s stock worth $240,140,000 after acquiring an additional 1,264,342 shares during the period. Vanguard Group Inc. raised its position in shares of AlarmCom by 2.8% in the second quarter. Vanguard Group Inc. now owns 3,995,055 shares of the software maker’s stock worth $213,737,000 after acquiring an additional 109,046 shares during the period. Riverbridge Partners LLC raised its position in shares of AlarmCom by 26.4% in the third quarter. Riverbridge Partners LLC now owns 1,506,830 shares of the software maker’s stock worth $70,279,000 after acquiring an additional 314,346 shares during the period. Finally, State Street Corp raised its position in shares of AlarmCom by 1.5% in the third quarter. State Street Corp now owns 1,067,223 shares of the software maker’s stock worth $49,775,000 after acquiring an additional 15,894 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

ALRM has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of AlarmCom from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Maxim Group restated a “buy” rating and set a $79.00 target price on shares of AlarmCom in a research report on Friday, August 9th. Imperial Capital decreased their target price on shares of AlarmCom from $58.00 to $51.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Credit Suisse Group decreased their target price on shares of AlarmCom from $70.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, First Analysis upgraded shares of AlarmCom from an “outperform” rating to a “strong-buy” rating and set a $75.00 target price for the company in a research report on Monday, October 21st. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. AlarmCom currently has an average rating of “Buy” and an average price target of $66.70.

NASDAQ ALRM opened at $43.37 on Friday. The company has a market capitalization of $2.10 billion, a PE ratio of 33.11, a P/E/G ratio of 2.57 and a beta of 1.39. The company has a fifty day moving average of $46.38 and a 200 day moving average of $50.23. AlarmCom has a 1 year low of $41.54 and a 1 year high of $71.50.

AlarmCom (NASDAQ:ALRM) last posted its earnings results on Tuesday, November 5th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. The company had revenue of $127.90 million during the quarter, compared to the consensus estimate of $114.62 million. AlarmCom had a net margin of 10.23% and a negative return on equity of 122.34%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 earnings per share. As a group, equities analysts predict that AlarmCom will post 1.12 earnings per share for the current year.

About AlarmCom

Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.

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