Mutual of America Capital Management LLC Acquires 109,200 Shares of Arlo Technologies, Inc. (NYSE:ARLO)

Mutual of America Capital Management LLC raised its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 18.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 716,280 shares of the company's stock after acquiring an additional 109,200 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.72% of Arlo Technologies worth $8,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Arlo Technologies by 34.9% during the 2nd quarter. GAMMA Investing LLC now owns 3,246 shares of the company's stock valued at $42,000 after buying an additional 840 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Arlo Technologies by 3.5% during the 2nd quarter. Arizona State Retirement System now owns 25,577 shares of the company's stock valued at $334,000 after buying an additional 871 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Arlo Technologies by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 18,158 shares of the company's stock valued at $230,000 after buying an additional 1,241 shares in the last quarter. CWM LLC lifted its stake in Arlo Technologies by 90.5% in the 2nd quarter. CWM LLC now owns 3,742 shares of the company's stock worth $49,000 after purchasing an additional 1,778 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in Arlo Technologies by 4.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 49,100 shares of the company's stock worth $640,000 after purchasing an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 83.18% of the company's stock.

Arlo Technologies Trading Up 3.3 %

ARLO stock traded up $0.37 during midday trading on Tuesday, reaching $11.60. 261,163 shares of the company traded hands, compared to its average volume of 955,025. Arlo Technologies, Inc. has a 52-week low of $8.33 and a 52-week high of $17.64. The business has a 50 day moving average of $11.38 and a 200-day moving average of $12.69.

Insider Activity at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 7,098 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $11.94, for a total value of $84,750.12. Following the sale, the chief financial officer now directly owns 892,595 shares of the company's stock, valued at $10,657,584.30. This represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ARLO has been the topic of several research analyst reports. Craig Hallum decreased their price target on shares of Arlo Technologies from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. BWS Financial reissued a "buy" rating and issued a $24.00 target price on shares of Arlo Technologies in a report on Friday, November 8th. Finally, Roth Mkm upped their price target on shares of Arlo Technologies from $16.50 to $18.00 and gave the company a "buy" rating in a research note on Monday, July 22nd.

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.