Arlo Technologies, Inc. (NYSE:ARLO) Holdings Lifted by Amundi

Amundi increased its holdings in Arlo Technologies, Inc. (NYSE:ARLO) by 163.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,633 shares of the company’s stock after acquiring an additional 63,622 shares during the period. Amundi owned about 0.10% of Arlo Technologies worth $1,218,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in shares of Arlo Technologies by 104.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,331 shares of the company’s stock valued at $26,000 after acquiring an additional 1,191 shares in the last quarter. Quest Partners LLC grew its stake in Arlo Technologies by 283.0% in the third quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock valued at $31,000 after purchasing an additional 1,882 shares in the last quarter. KBC Group NV grew its stake in Arlo Technologies by 106.8% in the fourth quarter. KBC Group NV now owns 6,167 shares of the company’s stock valued at $69,000 after purchasing an additional 3,185 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of Arlo Technologies during the 4th quarter worth about $121,000. Finally, Hennessy Advisors Inc. raised its stake in shares of Arlo Technologies by 9.6% during the 4th quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company’s stock worth $124,000 after purchasing an additional 965 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Arlo Technologies news, General Counsel Brian Busse sold 11,475 shares of Arlo Technologies stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $11.43, for a total value of $131,159.25. Following the transaction, the general counsel now directly owns 590,983 shares of the company’s stock, valued at $6,754,935.69. The trade was a 1.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew Blake Mcrae sold 259,227 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $12.03, for a total value of $3,118,500.81. Following the completion of the sale, the chief executive officer now directly owns 2,945,905 shares of the company’s stock, valued at $35,439,237.15. This represents a 8.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 648,743 shares of company stock valued at $7,503,028. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

ARLO has been the topic of a number of research reports. Roth Capital set a $22.00 price objective on Arlo Technologies in a report on Friday, February 28th. Craig Hallum increased their price target on shares of Arlo Technologies from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, BWS Financial reiterated a “buy” rating and issued a $24.00 price objective on shares of Arlo Technologies in a report on Friday, February 28th.

Arlo Technologies Stock Down 4.1 %

Shares of ARLO stock opened at $10.59 on Wednesday. Arlo Technologies, Inc. has a 12 month low of $9.92 and a 12 month high of $17.64. The company has a market cap of $1.08 billion, a PE ratio of -42.34 and a beta of 1.66. The business’s 50 day moving average is $11.61 and its two-hundred day moving average is $11.60.

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.