Brevan Howard Capital Management LP Sells 5,594 Shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM)

Brevan Howard Capital Management LP reduced its position in shares of Alarm.com Holdings, Inc. (NASDAQ:ALRM - Free Report) by 38.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,010 shares of the software maker's stock after selling 5,594 shares during the period. Brevan Howard Capital Management LP's holdings in Alarm.com were worth $548,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Alarm.com by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 6,300,842 shares of the software maker's stock valued at $383,091,000 after acquiring an additional 68,907 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Alarm.com by 1.5% in the fourth quarter. Northern Trust Corp now owns 704,309 shares of the software maker's stock valued at $42,822,000 after acquiring an additional 10,674 shares in the last quarter. Norges Bank bought a new position in shares of Alarm.com in the fourth quarter valued at approximately $34,841,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Alarm.com by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 530,383 shares of the software maker's stock valued at $32,247,000 after acquiring an additional 8,840 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in shares of Alarm.com in the fourth quarter valued at approximately $27,506,000. 91.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ALRM has been the subject of several recent analyst reports. Raymond James reduced their target price on Alarm.com from $85.00 to $80.00 and set a "strong-buy" rating for the company in a report on Friday, May 9th. Barclays reduced their target price on 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 dropped their price objective on Alarm.com from $66.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $64.33.

Alarm.com Stock Performance

Shares of NASDAQ:ALRM traded down $0.58 during trading on Thursday, hitting $59.39. 67,450 shares of the company were exchanged, compared to its average volume of 421,168. The company has a market cap of $2.95 billion, a PE ratio of 25.93, a P/E/G ratio of 3.59 and a beta of 1.02. The stock has a 50 day moving average of $54.59 and a 200 day moving average of $59.13. Alarm.com Holdings, Inc. has a 52-week low of $48.23 and a 52-week high of $71.98. The company has a debt-to-equity ratio of 1.35, a current ratio of 7.85 and a quick ratio of 7.38.

Alarm.com (NASDAQ:ALRM - Get Free Report) last posted its earnings results on Thursday, February 20th. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.06). The company had revenue of $242.24 million for 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 research analysts predict that Alarm.com Holdings, Inc. will post 1.64 EPS for the current year.

Insider Transactions at Alarm.com

In related news, insider Daniel Kerzner sold 932 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 value of $51,716.68. Following the transaction, the insider now owns 58,736 shares of the company's stock, valued at $3,259,260.64. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen Trundle sold 1,553 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $55.49, for a total value of $86,175.97. Following the completion of the transaction, the chief executive officer now directly owns 251,129 shares in the company, valued at approximately $13,935,148.21. This represents a 0.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,921 shares of company stock valued at $338,727. 5.80% of the stock is currently owned by company insiders.

Alarm.com Company Profile

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.