Barclays PLC Increases Stock Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

Barclays PLC grew its stake in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 234.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 185,281 shares of the company's stock after purchasing an additional 129,889 shares during the period. Barclays PLC owned approximately 0.18% of Arlo Technologies worth $2,244,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quest Partners LLC boosted its holdings in Arlo Technologies by 283.0% in 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 in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Arlo Technologies in the second quarter valued at approximately $33,000. GAMMA Investing LLC grew its holdings in Arlo Technologies by 35.7% during the third quarter. GAMMA Investing LLC now owns 4,406 shares of the company's stock worth $53,000 after acquiring an additional 1,160 shares during the period. Meeder Asset Management Inc. purchased a new position in Arlo Technologies in the second quarter worth $62,000. Finally, Raymond James Trust N.A. acquired a new stake in Arlo Technologies in the second quarter valued at $174,000. Hedge funds and other institutional investors own 83.18% of the company's stock.

Analyst Upgrades and Downgrades

ARLO has been the topic of a number of recent analyst reports. Craig Hallum lowered 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 restated a "buy" rating and set a $24.00 target price on shares of Arlo Technologies in a research report on Friday, November 8th.

Arlo Technologies Price Performance

ARLO traded up $0.23 during trading on Thursday, reaching $11.77. 365,827 shares of the stock were exchanged, compared to its average volume of 944,844. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -47.08 and a beta of 1.79. Arlo Technologies, Inc. has a 1 year low of $8.33 and a 1 year high of $17.64. The business's 50 day moving average price is $11.72 and its two-hundred day moving average price is $12.51.

Insider Buying and Selling

In other news, CFO Kurtis Joseph Binder sold 7,098 shares of the company's 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 sale, the chief financial officer now directly owns 892,595 shares in the company, valued at $10,657,584.30. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew Blake Mcrae sold 316,644 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.54, for a total value of $3,654,071.76. Following the sale, the chief executive officer now directly owns 3,160,988 shares in the company, valued at approximately $36,477,801.52. The trade was a 9.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 351,330 shares of company stock worth $4,057,187 in the last three months. Corporate insiders own 3.80% of the company's stock.

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.