Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Sells $280,960.60 in Stock

Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) General Counsel Brian Busse sold 26,258 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $10.70, for a total transaction of $280,960.60. Following the completion of the sale, the general counsel now owns 636,485 shares of the company's stock, valued at $6,810,389.50. This trade represents a 3.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Brian Busse also recently made the following trade(s):

• On Tuesday, March 4th, Brian Busse sold 6,593 shares of Arlo Technologies stock. The stock was sold at an average price of $11.50, for a total value of $75,819.50.
• On Wednesday, February 12th, Brian Busse sold 17,669 shares of Arlo Technologies stock. The stock was sold at an average price of $11.11, for a total value of $196,302.59.
• On Wednesday, February 5th, Brian Busse sold 11,475 shares of Arlo Technologies stock. The stock was sold at an average price of $11.43, for a total transaction of $131,159.25.
• On Wednesday, January 29th, Brian Busse sold 9,007 shares of Arlo Technologies stock. The shares were sold at an average price of $11.66, for a total transaction of $105,021.62.

Arlo Technologies Stock Down 1.8 %

ARLO stock traded down $0.19 during 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 market capitalization of $1.05 billion, a P/E ratio of -41.12 and a beta of 1.66. Arlo Technologies, Inc. has a 1 year low of $9.92 and a 1 year high of $17.64. The business has a fifty day simple moving average of $11.47 and a two-hundred day simple moving average of $11.56.

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Hedge Funds Weigh In On Arlo Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Arlo Technologies by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 9,821,417 shares of the company's stock valued at $109,902,000 after purchasing an additional 166,823 shares during the last quarter. Brandes Investment Partners LP lifted its holdings in shares of Arlo Technologies by 7.0% during the fourth quarter. Brandes Investment Partners LP now owns 5,732,547 shares of the company's stock worth $64,147,000 after purchasing an additional 375,903 shares during the period. Wasatch Advisors LP boosted its position in Arlo Technologies by 21.1% in the fourth quarter. Wasatch Advisors LP now owns 4,537,333 shares of the company's stock valued at $50,773,000 after buying an additional 790,549 shares during the last quarter. State Street Corp increased its holdings in Arlo Technologies by 0.6% in the 3rd quarter. State Street Corp now owns 4,269,561 shares of the company's stock worth $51,704,000 after buying an additional 26,492 shares during the period. Finally, Geode Capital Management LLC raised its position in Arlo Technologies by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,219,076 shares of the company's stock worth $24,838,000 after buying an additional 26,803 shares during the last quarter. Hedge funds and other institutional investors own 83.18% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ARLO shares. Roth Capital set a $22.00 price objective on Arlo Technologies in a research note on Friday, February 28th. Craig Hallum increased their price target on Arlo Technologies from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Finally, BWS Financial restated a "buy" rating and issued a $24.00 price objective on shares of Arlo Technologies in a report 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.