B. Metzler seel. Sohn & Co. Holding AG Makes New $1.19 Million Investment in Arlo Technologies, Inc. (NYSE:ARLO)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 98,521 shares of the company's stock, valued at approximately $1,193,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.10% of Arlo Technologies as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Chilton Capital Management LLC bought a new stake in Arlo Technologies in the second quarter worth $33,000. Quest Partners LLC grew its position in Arlo Technologies by 283.0% during the 3rd 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 during the last quarter. GAMMA Investing LLC increased its stake in 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 purchasing an additional 840 shares in the last quarter. CWM LLC raised its holdings in Arlo Technologies by 90.5% in the second quarter. CWM LLC now owns 3,742 shares of the company's stock worth $49,000 after buying an additional 1,778 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Arlo Technologies in the second quarter worth approximately $62,000. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 7,098 shares of Arlo Technologies stock in a transaction on Monday, September 30th. The stock was sold at an average price of $11.94, for a total value of $84,750.12. Following the completion of the sale, the chief financial officer now owns 892,595 shares of the company's stock, valued at $10,657,584.30. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on ARLO. Craig Hallum reduced their price target on shares of Arlo Technologies from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, November 8th. BWS Financial restated a "buy" rating and issued a $24.00 price target on shares of Arlo Technologies in a research note on Friday, November 8th.

Arlo Technologies Stock Up 1.2 %

Shares of NYSE ARLO traded up $0.14 during trading on Friday, reaching $12.03. 583,575 shares of the company traded hands, compared to its average volume of 1,055,002. The firm has a 50 day simple moving average of $11.42 and a 200-day simple moving average of $12.65. Arlo Technologies, Inc. has a 52-week low of $8.33 and a 52-week high of $17.64. The stock has a market capitalization of $1.21 billion, a PE ratio of -48.12 and a beta of 1.78.

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.