AlarmCom Hldg Inc (NASDAQ:ALRM) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 2,863,610 shares, a growth of 46.1% from the January 12th total of 1,959,865 shares. Based on an average daily volume of 503,017 shares, the short-interest ratio is currently 5.7 days. Approximately 10.9% of the shares of the stock are short sold.

Shares of AlarmCom (NASDAQ:ALRM) opened at $36.81 on Wednesday. AlarmCom has a 1-year low of $27.05 and a 1-year high of $49.49. The firm has a market capitalization of $1,740.00 and a PE ratio of 56.63. The company has a quick ratio of 2.88, a current ratio of 3.16 and a debt-to-equity ratio of -0.81.

In related news, insider Timothy P. Mcadam sold 20,407 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $36.78, for a total transaction of $750,569.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Hugh Panero sold 16,114 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $37.26, for a total value of $600,407.64. Following the sale, the director now directly owns 58,615 shares in the company, valued at approximately $2,183,994.90. The disclosure for this sale can be found here. Insiders have sold a total of 248,406 shares of company stock worth $10,475,001 in the last three months. 46.80% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of AlarmCom by 116.3% during the 4th quarter. BlackRock Inc. now owns 2,885,799 shares of the software maker’s stock valued at $108,938,000 after purchasing an additional 1,551,418 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of AlarmCom during the 2nd quarter valued at about $37,684,000. Brown Advisory Inc. increased its position in shares of AlarmCom by 501.2% during the 4th quarter. Brown Advisory Inc. now owns 820,167 shares of the software maker’s stock valued at $30,961,000 after purchasing an additional 683,743 shares during the last quarter. Koch Industries Inc. bought a new position in shares of AlarmCom during the 2nd quarter valued at about $485,000. Finally, Pictet Asset Management Ltd. bought a new position in shares of AlarmCom during the 3rd quarter valued at about $19,427,000. 81.93% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on ALRM. Bank of America raised their price target on AlarmCom from $46.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $52.00 price target (up previously from $46.00) on shares of AlarmCom in a report on Thursday, November 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $38.00 price target (up previously from $34.00) on shares of AlarmCom in a report on Thursday, November 9th. Maxim Group reaffirmed a “buy” rating and issued a $57.00 price target on shares of AlarmCom in a report on Tuesday, November 21st. Finally, Northland Securities set a $51.00 price target on AlarmCom and gave the company a “buy” rating in a report on Thursday, November 16th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $46.80.

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About AlarmCom

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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