AlarmCom Hldg Inc (NASDAQ:ALRM) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 7,190,000 shares, a growth of 7.5% from the September 15th total of 6,690,000 shares. Based on an average daily trading volume, of 359,400 shares, the days-to-cover ratio is currently 20.0 days. Currently, 20.0% of the shares of the company are sold short.

Shares of NASDAQ ALRM traded down $0.82 during mid-day trading on Thursday, hitting $49.14. The company had a trading volume of 2,296 shares, compared to its average volume of 265,347. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 37.93, a P/E/G ratio of 3.17 and a beta of 1.39. AlarmCom has a 1 year low of $43.52 and a 1 year high of $71.50. The stock’s 50-day moving average price is $47.83 and its 200-day moving average price is $53.58.

AlarmCom (NASDAQ:ALRM) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.08. The company had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $109.45 million. AlarmCom had a negative return on equity of 98.00% and a net margin of 5.05%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. As a group, research analysts forecast that AlarmCom will post 1.11 earnings per share for the current year.

A number of analysts have issued reports on the company. First Analysis raised 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. Roth Capital set a $51.00 price target on AlarmCom and gave the company a “hold” rating in a research report on Thursday, October 10th. ValuEngine cut AlarmCom from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Imperial Capital reiterated an “in-line” rating and issued a $58.00 price target (down from $64.00) on shares of AlarmCom in a research report on Tuesday, August 13th. Finally, Zacks Investment Research cut AlarmCom from a “buy” rating to a “hold” rating in a research report on Monday. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.40.

In other AlarmCom news, insider Stephen Trundle sold 20,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $47.18, for a total value of $943,600.00. Following the completion of the sale, the insider now directly owns 242,443 shares of the company’s stock, valued at $11,438,460.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 26.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pinebridge Investments L.P. grew its position in AlarmCom by 20.2% during the second quarter. Pinebridge Investments L.P. now owns 26,885 shares of the software maker’s stock worth $1,438,000 after buying an additional 4,521 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in AlarmCom by 13.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 22,944 shares of the software maker’s stock worth $1,228,000 after purchasing an additional 2,730 shares during the last quarter. Invesco Ltd. lifted its stake in AlarmCom by 55.3% during the second quarter. Invesco Ltd. now owns 579,446 shares of the software maker’s stock worth $31,001,000 after purchasing an additional 206,450 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in AlarmCom during the second quarter worth about $1,631,000. Finally, United Services Automobile Association lifted its stake in AlarmCom by 3.8% during the second quarter. United Services Automobile Association now owns 7,700 shares of the software maker’s stock worth $412,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 98.80% of the company’s stock.

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.

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