Strs Ohio increased its position in shares of Arlo Technologies, Inc. (NYSE:ARLO – Free Report) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,200 shares of the company’s stock after purchasing an additional 1,300 shares during the period. Strs Ohio’s holdings in Arlo Technologies were worth $182,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in ARLO. Acadian Asset Management LLC purchased a new stake in Arlo Technologies in the 3rd quarter valued at about $38,000. Victory Capital Management Inc. boosted its position in Arlo Technologies by 9.7% in the 3rd quarter. Victory Capital Management Inc. now owns 15,625 shares of the company’s stock valued at $161,000 after buying an additional 1,378 shares during the period. Harbor Capital Advisors Inc. boosted its position in Arlo Technologies by 51.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 16,458 shares of the company’s stock valued at $170,000 after buying an additional 5,561 shares during the period. Fox Run Management L.L.C. purchased a new stake in Arlo Technologies in the 3rd quarter valued at about $184,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Arlo Technologies by 18.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,327 shares of the company’s stock valued at $189,000 after buying an additional 2,896 shares during the period. 83.18% of the stock is owned by hedge funds and other institutional investors.
Arlo Technologies Stock Up 2.6 %
ARLO opened at $12.40 on Wednesday. The firm’s 50-day moving average price is $11.36 and its 200-day moving average price is $9.86. The company has a market cap of $1.19 billion, a P/E ratio of -51.67 and a beta of 1.86. Arlo Technologies, Inc. has a 52-week low of $6.24 and a 52-week high of $13.34.
Insider Buying and Selling
In related news, General Counsel Brian Busse sold 56,973 shares of Arlo Technologies stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $11.68, for a total value of $665,444.64. Following the completion of the sale, the general counsel now directly owns 604,905 shares in the company, valued at approximately $7,065,290.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Arlo Technologies news, General Counsel Brian Busse sold 56,973 shares of Arlo Technologies stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $11.68, for a total transaction of $665,444.64. Following the completion of the sale, the general counsel now directly owns 604,905 shares in the company, valued at approximately $7,065,290.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew Blake Mcrae sold 132,214 shares of Arlo Technologies stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $10.95, for a total transaction of $1,447,743.30. Following the sale, the chief executive officer now owns 2,314,950 shares of the company’s stock, valued at $25,348,702.50. The disclosure for this sale can be found here. Insiders sold 362,386 shares of company stock worth $3,947,459 in the last three months. Corporate insiders own 2.90% of the company’s stock.
Analysts Set New Price Targets
Separately, BWS Financial reaffirmed a “buy” rating and issued a $17.00 price target on shares of Arlo Technologies in a research report on Wednesday, April 24th.
Check Out Our Latest Stock Analysis on ARLO
Arlo Technologies Company Profile
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.
Featured Articles
- Five stocks we like better than Arlo Technologies
- How to Use the MarketBeat Excel Dividend Calculator
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- Quiet Period Expirations Explained
- Hilton Demonstrates Asset Light is Right for Investors
- Breakout Stocks: What They Are and How to Identify Them
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Want to see what other hedge funds are holding ARLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arlo Technologies, Inc. (NYSE:ARLO – Free Report).
Receive News & Ratings for Arlo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arlo Technologies and related companies with MarketBeat.com's FREE daily email newsletter.