AlarmCom Hldg Inc (NASDAQ:ALRM) saw a large increase in short interest in June. As of June 30th, there was short interest totalling 5,994,800 shares, an increase of 5.5% from the May 30th total of 5,682,300 shares. Currently, 16.9% of the company’s stock are short sold. Based on an average trading volume of 416,800 shares, the days-to-cover ratio is currently 14.4 days.

ALRM has been the subject of several research reports. First Analysis lowered ChannelAdvisor from a “strong-buy” rating to an “outperform” rating and set a $10.02 price target for the company. in a report on Friday, May 10th. Maxim Group set a $7.00 price target on Net 1 UEPS Technologies and gave the company a “buy” rating in a report on Friday, May 10th. Imperial Capital reiterated an “outperform” rating and set a $67.00 price target (down from $70.00) on shares of Penn Virginia in a report on Monday, May 13th. Zacks Investment Research lowered Hess Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Finally, Northland Securities set a $50.00 target price on Polarityte and gave the stock a “buy” rating in a report on Friday, May 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $66.27.

In other news, VP Daniel Ramos sold 1,269 shares of AlarmCom stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $58.42, for a total transaction of $74,134.98. Following the completion of the sale, the vice president now directly owns 29,860 shares in the company, valued at approximately $1,744,421.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Jean-Paul Martin sold 952 shares of AlarmCom stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $58.41, for a total value of $55,606.32. Following the sale, the chief technology officer now owns 146,458 shares of the company’s stock, valued at $8,554,611.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,388 shares of company stock valued at $1,622,184. 26.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in AlarmCom by 125.0% in the first quarter. Signaturefd LLC now owns 450 shares of the software maker’s stock valued at $29,000 after acquiring an additional 250 shares during the period. Icon Wealth Partners LLC bought a new stake in AlarmCom in the first quarter valued at $34,000. Manchester Capital Management LLC grew its position in AlarmCom by 151.3% in the first quarter. Manchester Capital Management LLC now owns 691 shares of the software maker’s stock valued at $45,000 after acquiring an additional 416 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in AlarmCom in the first quarter valued at $109,000. Finally, Cim LLC bought a new stake in AlarmCom in the first quarter valued at $201,000. Institutional investors and hedge funds own 93.32% of the company’s stock.

Shares of ALRM stock opened at $51.26 on Wednesday. AlarmCom has a 12 month low of $40.92 and a 12 month high of $71.50. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 46.17, a PEG ratio of 3.85 and a beta of 1.39. The stock’s 50 day simple moving average is $53.65.

AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, May 9th. The software maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $112.34 million during the quarter, compared to analyst estimates of $102.35 million. AlarmCom had a negative return on equity of 86.44% and a net margin of 4.55%. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. As a group, sell-side analysts predict that AlarmCom will post 1.11 earnings per share for the current fiscal year.

AlarmCom Company Profile

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.

Recommended Story: Short Selling Stocks and Day Traders

Receive News & Ratings for AlarmCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AlarmCom and related companies with MarketBeat.com's FREE daily email newsletter.