Arlo Technologies, Inc. (NYSE:ARLO) CFO Sells $1,975,102.30 in Stock

Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) CFO Kurtis Joseph Binder sold 184,589 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $10.70, for a total value of $1,975,102.30. Following the completion of the sale, the chief financial officer now directly owns 977,457 shares of the company's stock, valued at approximately $10,458,789.90. The trade was a 15.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Kurtis Joseph Binder also recently made the following trade(s):

• On Tuesday, March 4th, Kurtis Joseph Binder sold 12,155 shares of Arlo Technologies stock. The stock was sold at an average price of $11.50, for a total value of $139,782.50.

Arlo Technologies Trading Down 1.8 %

NYSE:ARLO traded down $0.19 during mid-day trading on Friday, hitting $10.28. 838,506 shares of the company's stock traded hands, compared to its average volume of 910,149. The firm has a 50 day moving average of $11.47 and a two-hundred day moving average of $11.56. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -41.12 and a beta of 1.66. Arlo Technologies, Inc. has a 12 month low of $9.92 and a 12 month high of $17.64.

Institutional Investors Weigh In On Arlo Technologies

Several hedge funds have recently modified their holdings of ARLO. Barclays PLC raised its stake in Arlo Technologies by 234.5% during the 3rd quarter. Barclays PLC now owns 185,281 shares of the company's stock valued at $2,244,000 after purchasing an additional 129,889 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Arlo Technologies by 5.0% during the 4th quarter. Sanctuary Advisors LLC now owns 47,559 shares of the company's stock worth $555,000 after purchasing an additional 2,284 shares during the period. Lord Abbett & CO. LLC raised its position in shares of Arlo Technologies by 26.7% during the third quarter. Lord Abbett & CO. LLC now owns 1,029,209 shares of the company's stock valued at $12,463,000 after buying an additional 216,870 shares during the last quarter. Amundi lifted its stake in shares of Arlo Technologies by 163.1% in the fourth quarter. Amundi now owns 102,633 shares of the company's stock valued at $1,218,000 after buying an additional 63,622 shares during the period. Finally, Ieq Capital LLC acquired a new stake in Arlo Technologies during the fourth quarter worth about $121,000. 83.18% of the stock is owned by institutional investors.

Remove Ads

Analyst Ratings Changes

ARLO has been the subject of several analyst reports. BWS Financial restated a "buy" rating and issued a $24.00 target price on shares of Arlo Technologies in a report on Friday, February 28th. Roth Capital set a $22.00 price objective on shares of Arlo Technologies in a research note on Friday, February 28th. Finally, Craig Hallum raised their target price on shares of Arlo Technologies from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, February 28th.

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.