Arlo Technologies (NYSE:ARLO - Get Free Report) had its price target lifted by equities researchers at Craig Hallum from $15.00 to $17.00 in a report released on Friday, MarketBeat reports. The firm presently has a "buy" rating on the stock. Craig Hallum's target price points to a potential upside of 43.04% from the company's current price.
Separately, BWS Financial reiterated a "buy" rating and issued a $24.00 target price on shares of Arlo Technologies in a research report on Friday, November 8th.
Check Out Our Latest Research Report on Arlo Technologies
Arlo Technologies Stock Performance
Shares of ARLO stock traded down $0.27 during trading hours on Friday, hitting $11.89. 1,937,876 shares of the company were exchanged, compared to its average volume of 861,863. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -47.54 and a beta of 1.77. Arlo Technologies has a one year low of $9.92 and a one year high of $17.64. The business's 50-day simple moving average is $11.65 and its two-hundred day simple moving average is $11.68.
Insider Activity
In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 46,866 shares of the company's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $11.66, for a total value of $546,457.56. Following the completion of the transaction, the chief executive officer now owns 3,161,472 shares in the company, valued at approximately $36,862,763.52. This represents a 1.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Brian Busse sold 9,007 shares of Arlo Technologies stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $11.66, for a total value of $105,021.62. Following the sale, the general counsel now directly owns 602,458 shares in the company, valued at approximately $7,024,660.28. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,333 shares of company stock valued at $1,656,923. 3.80% of the stock is currently owned by insiders.
Institutional Trading of Arlo Technologies
Several large investors have recently added to or reduced their stakes in ARLO. Smartleaf Asset Management LLC increased its holdings in shares of Arlo Technologies by 104.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,331 shares of the company's stock valued at $26,000 after purchasing an additional 1,191 shares during the period. Quest Partners LLC increased its stake 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 buying an additional 1,882 shares during the period. KBC Group NV raised its position in shares of Arlo Technologies by 106.8% during the 4th quarter. KBC Group NV now owns 6,167 shares of the company's stock worth $69,000 after buying an additional 3,185 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Arlo Technologies in the 4th quarter worth approximately $121,000. Finally, Hennessy Advisors Inc. boosted its holdings in shares of Arlo Technologies by 9.6% in the fourth quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company's stock valued at $124,000 after acquiring an additional 965 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.
Arlo Technologies Company Profile
(
Get Free Report)
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.
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