Arlo Technologies, Inc. (NYSE:ARLO) Shares Bought by Granite Investment Partners LLC

Granite Investment Partners LLC increased its position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,578,549 shares of the company's stock after acquiring an additional 181,665 shares during the quarter. Granite Investment Partners LLC owned 1.57% of Arlo Technologies worth $17,664,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ARLO. Vanguard Group Inc. increased its holdings in shares of Arlo Technologies by 1.7% in the fourth 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 in the last quarter. Brandes Investment Partners LP raised its stake in Arlo Technologies by 7.0% in the fourth quarter. Brandes Investment Partners LP now owns 5,732,547 shares of the company's stock valued at $64,147,000 after buying an additional 375,903 shares during the period. State Street Corp increased its stake in shares of Arlo Technologies by 0.6% during the third quarter. State Street Corp now owns 4,269,561 shares of the company's stock worth $51,704,000 after purchasing an additional 26,492 shares during the period. Geode Capital Management LLC grew its position in Arlo Technologies by 1.2% during the fourth 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 in the last quarter. Finally, Emerald Advisers LLC boosted its position in shares of Arlo Technologies by 116.9% during the 4th quarter. Emerald Advisers LLC now owns 1,666,482 shares of the company's stock worth $18,648,000 after acquiring an additional 898,167 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

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

Insider Activity at Arlo Technologies

In other news, General Counsel Brian Busse sold 9,007 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $11.66, for a total value of $105,021.62. Following the completion of the sale, the general counsel now directly owns 602,458 shares in the company, valued at $7,024,660.28. This represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kurtis Joseph Binder sold 184,589 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $10.70, for a total value of $1,975,102.30. Following the completion of the sale, the chief financial officer now directly owns 977,457 shares in the company, valued at approximately $10,458,789.90. The trade was a 15.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,017,441 shares of company stock worth $11,448,097 in the last quarter. 3.80% of the stock is owned by company insiders.

Arlo Technologies Stock Up 1.1 %

NYSE:ARLO traded up $0.10 on Tuesday, reaching $9.17. 580,513 shares of the company's stock traded hands, compared to its average volume of 922,923. The firm has a market cap of $938.95 million, a PE ratio of -36.66 and a beta of 1.71. The stock has a 50-day simple moving average of $10.68 and a 200-day simple moving average of $11.30. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $17.64.

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.