Balyasny Asset Management L.P. Trims Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Balyasny Asset Management L.P. lessened its stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,744 shares of the software maker’s stock after selling 2,222 shares during the period. Balyasny Asset Management L.P. owned 0.11% of Alarm.com worth $3,268,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. increased its stake in Alarm.com by 3.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker’s stock worth $301,000 after buying an additional 172 shares during the period. Daiwa Securities Group Inc. increased its position in Alarm.com by 8.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker’s stock valued at $162,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC increased its position in Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker’s stock valued at $64,000 after purchasing an additional 238 shares during the period. MetLife Investment Management LLC increased its position in Alarm.com by 1.0% during the 4th quarter. MetLife Investment Management LLC now owns 28,119 shares of the software maker’s stock valued at $1,710,000 after purchasing an additional 281 shares during the period. Finally, Quarry LP increased its position in Alarm.com by 43.0% during the 4th quarter. Quarry LP now owns 1,008 shares of the software maker’s stock valued at $61,000 after purchasing an additional 303 shares during the period. Hedge funds and other institutional investors own 91.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays cut their target price on shares of Alarm.com from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group cut their target price on shares of Alarm.com from $66.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Finally, Raymond James cut their target price on shares of Alarm.com from $85.00 to $80.00 and set a “strong-buy” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.33.

Alarm.com Stock Up 1.3%

NASDAQ:ALRM opened at $56.02 on Monday. Alarm.com Holdings, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $71.98. The stock has a market capitalization of $2.79 billion, a P/E ratio of 24.46, a P/E/G ratio of 3.59 and a beta of 1.02. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. The company’s 50-day simple moving average is $54.52 and its 200-day simple moving average is $59.08.

Alarm.com (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). Alarm.com had a net margin of 13.21% and a return on equity of 13.55%. The firm had revenue of $242.24 million during the quarter, compared to the consensus estimate of $237.44 million. On average, equities analysts anticipate that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Daniel Kerzner sold 932 shares of Alarm.com stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $51,716.68. Following the completion of the sale, the insider now directly owns 58,736 shares in the company, valued at $3,259,260.64. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $58.45, for a total transaction of $200,834.20. Following the completion of the sale, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,191,875. This trade represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,921 shares of company stock worth $338,727 in the last three months. Corporate insiders own 5.80% of the company’s stock.

About Alarm.com

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.