Marshall Wace LLP Trims Stock Position in Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Marshall Wace LLP lowered its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 45.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,033 shares of the software maker's stock after selling 25,297 shares during the quarter. Marshall Wace LLP owned about 0.06% of Alarm.com worth $1,826,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. grew its stake in Alarm.com by 3.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,953 shares of the software maker's stock worth $301,000 after purchasing an additional 172 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Alarm.com by 8.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,670 shares of the software maker's stock worth $162,000 after buying an additional 200 shares during the period. GAMMA Investing LLC grew its position in shares of Alarm.com by 29.5% during the 4th quarter. GAMMA Investing LLC now owns 1,045 shares of the software maker's stock worth $64,000 after buying an additional 238 shares during the period. Legal & General Group Plc increased its stake in shares of Alarm.com by 0.3% in the 4th quarter. Legal & General Group Plc now owns 139,290 shares of the software maker's stock valued at $8,469,000 after acquiring an additional 401 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Alarm.com during the 4th quarter valued at $25,000. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ALRM. Barclays lowered their target price on 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 decreased their price objective on Alarm.com from $66.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $61.20.

Insiders Place Their Bets

In other news, CEO Stephen Trundle sold 1,553 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $55.49, for a total transaction of $86,175.97. Following the completion of the transaction, the chief executive officer now owns 251,129 shares in the company, valued at approximately $13,935,148.21. This represents a 0.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel Kerzner sold 932 shares of the business's stock in a transaction dated 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 owns 58,736 shares in the company, valued at $3,259,260.64. This represents a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,921 shares of company stock valued at $338,727. Company insiders own 5.60% of the company's stock.

Alarm.com Stock Performance

Shares of NASDAQ ALRM traded up $0.51 during midday trading on Friday, reaching $54.27. The company's stock had a trading volume of 35,555 shares, compared to its average volume of 416,073. The stock has a market capitalization of $2.70 billion, a P/E ratio of 23.68, a PEG ratio of 3.59 and a beta of 1.03. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38. The firm has a 50 day moving average price of $55.01 and a 200-day moving average price of $58.99. Alarm.com Holdings, Inc. has a 12-month low of $48.23 and a 12-month high of $71.98.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.06). The business 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, equities analysts predict that Alarm.com Holdings, Inc. will post 1.64 earnings per share for the current year.

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.