Raymond James Trust N.A. Has $128,000 Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

Raymond James Trust N.A. decreased its position in Arlo Technologies, Inc. (NYSE:ARLO) by 20.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,572 shares of the company’s stock after selling 2,760 shares during the quarter. Raymond James Trust N.A.’s holdings in Arlo Technologies were worth $128,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Arlo Technologies by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,400 shares of the company’s stock valued at $12,551,000 after purchasing an additional 14,308 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Arlo Technologies in the 3rd quarter valued at $612,000. Intech Investment Management LLC lifted its position in Arlo Technologies by 30.5% during the 3rd quarter. Intech Investment Management LLC now owns 28,710 shares of the company’s stock worth $348,000 after buying an additional 6,703 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Arlo Technologies by 25.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 783,851 shares of the company’s stock worth $9,492,000 after buying an additional 161,346 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Arlo Technologies in the 3rd quarter valued at about $1,193,000. 83.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 7,098 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $11.94, for a total transaction of $84,750.12. Following the completion of the transaction, the chief financial officer now owns 892,595 shares of the company’s stock, valued at approximately $10,657,584.30. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is owned by company insiders.

Arlo Technologies Stock Performance

ARLO stock opened at $11.25 on Friday. Arlo Technologies, Inc. has a 52 week low of $8.33 and a 52 week high of $17.64. The company has a market capitalization of $1.13 billion, a PE ratio of -45.10 and a beta of 1.78. The company’s 50-day simple moving average is $11.44 and its 200 day simple moving average is $12.61.

Wall Street Analysts Forecast Growth

ARLO has been the subject of a number of analyst reports. BWS Financial restated a “buy” rating and issued a $24.00 price target on shares of Arlo Technologies in a research note on Friday, November 8th. Craig Hallum decreased their target price on shares of Arlo Technologies from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 8th.

About Arlo Technologies

Arlo Technologies, Inc, together with its subsidiaries, provides a cloud-based platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers Arlo Essential Cameras and Doorbells (2nd Generation) delivers smart home protection, including automated privacy shield, 180-degree field of view, and 2K video resolution; Arlo Home Security System, an all-in-one multi-sensor that provides access to security experts for monitoring and responding to emergency situations; Arlo Pro 5S, a wireless 2K video resolution security camera; Arlo Go 2, a camera for monitoring remote areas, large properties, construction sites, vacation homes, boat or RV slips, and hard-to-access areas; Arlo Ultra 2 provides 4K video with HDR, an ultra-wide, 180-degree field of view, auto zoom and tracking on moving objects, and color night vision; and Arlo Floodlight Camera, a wire-free floodlight camera.