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

Balyasny Asset Management L.P. cut its holdings in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM) by 4.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 53,744 shares of the software maker’s stock after selling 2,222 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Alarm.com were worth $3,268,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Alarm.com during the 4th quarter worth approximately $25,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Alarm.com during the 4th quarter valued at approximately $36,000. Nisa Investment Advisors LLC increased its holdings in shares of Alarm.com by 134.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 939 shares of the software maker’s stock valued at $57,000 after purchasing an additional 539 shares in the last quarter. Quarry LP increased its holdings in shares of 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 in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Alarm.com by 305.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,034 shares of the software maker’s stock valued at $63,000 after purchasing an additional 779 shares in the last quarter. 91.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alarm.com news, insider Daniel Kerzner sold 932 shares of Alarm.com stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total transaction of $51,716.68. Following the sale, the insider now owns 58,736 shares of the company’s stock, valued at $3,259,260.64. The trade was a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steve Valenzuela sold 3,436 shares of Alarm.com stock in a transaction 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 sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,191,875. This trade represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,921 shares of company stock valued at $338,727 in the last 90 days. 5.80% of the stock is owned by insiders.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $56.02 on Monday. The firm has a market cap of $2.79 billion, a PE ratio of 24.46, a PEG ratio of 3.59 and a beta of 1.02. The firm has a fifty day moving average of $54.52 and a 200 day moving average of $59.08. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.38 and a current ratio of 7.85. Alarm.com Holdings, Inc. has a one year low of $48.23 and a one year high of $71.98.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.06). The company had revenue of $242.24 million during the quarter, compared to analysts’ expectations of $237.44 million. Alarm.com had a return on equity of 13.55% and a net margin of 13.21%. As a group, research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.