AlarmCom Hldg Inc (ALRM) Short Interest Update
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.
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.
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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