Arlo Technologies, Inc. (NYSE:ARLO) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its stake in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 25.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 783,851 shares of the company's stock after buying an additional 161,346 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.78% of Arlo Technologies worth $9,492,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quest Partners LLC lifted 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 worth $31,000 after acquiring an additional 1,882 shares during the period. Chilton Capital Management LLC purchased a new stake in shares of Arlo Technologies in the 2nd quarter worth approximately $33,000. GAMMA Investing LLC boosted its stake in shares of Arlo Technologies by 34.9% during the second quarter. GAMMA Investing LLC now owns 3,246 shares of the company's stock valued at $42,000 after purchasing an additional 840 shares in the last quarter. CWM LLC increased its holdings in Arlo Technologies by 90.5% during the second quarter. CWM LLC now owns 3,742 shares of the company's stock valued at $49,000 after buying an additional 1,778 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Arlo Technologies during the second quarter worth $62,000. Institutional investors own 83.18% of the company's stock.

Analyst Ratings Changes

ARLO has been the subject of several recent research reports. BWS Financial reissued a "buy" rating and issued a $24.00 price target on shares of Arlo Technologies in a research report on Friday, November 8th. Craig Hallum reduced their price objective 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.

Insider Activity

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 sale, the chief financial officer now owns 892,595 shares in the company, valued at approximately $10,657,584.30. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company's stock.

Arlo Technologies Stock Performance

ARLO stock traded up $0.14 on Friday, hitting $12.03. 583,191 shares of the company's stock were exchanged, compared to its average volume of 953,709. The firm has a 50 day moving average price of $11.42 and a two-hundred day moving average price of $12.66. Arlo Technologies, Inc. has a 12-month low of $8.33 and a 12-month high of $17.64. The stock has a market cap of $1.21 billion, a P/E ratio of -48.08 and a beta of 1.78.

Arlo Technologies 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.