GSA Capital Partners LLP Invests $1.31 Million in Arlo Technologies, Inc. (NYSE:ARLO)

GSA Capital Partners LLP acquired a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 108,053 shares of the company's stock, valued at approximately $1,309,000. GSA Capital Partners LLP owned about 0.11% of Arlo Technologies as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Chilton Capital Management LLC purchased a new position in shares of Arlo Technologies during the second quarter valued at about $33,000. GAMMA Investing LLC raised its holdings in shares of Arlo Technologies by 34.9% during the second quarter. GAMMA Investing LLC now owns 3,246 shares of the company's stock valued at $42,000 after purchasing an additional 840 shares during the last quarter. CWM LLC raised its holdings in shares of Arlo Technologies by 90.5% during the second quarter. CWM LLC now owns 3,742 shares of the company's stock valued at $49,000 after purchasing an additional 1,778 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Arlo Technologies during the second quarter valued at approximately $62,000. Finally, Hennessy Advisors Inc. purchased a new stake in Arlo Technologies during the second quarter valued at approximately $138,000. 83.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ARLO shares. Craig Hallum dropped their target price 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 reaffirmed a "buy" rating and issued a $24.00 price target on shares of Arlo Technologies in a research note on Friday, November 8th. Finally, Roth Mkm raised their target price on shares of Arlo Technologies from $16.50 to $18.00 and gave the company a "buy" rating in a research report on Monday, July 22nd.

Insiders Place Their Bets

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 7,098 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $11.94, for a total transaction of $84,750.12. Following the completion of the transaction, the chief financial officer now owns 892,595 shares of the company's stock, valued at $10,657,584.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.80% of the stock is currently owned by company insiders.

Arlo Technologies Trading Down 1.6 %

NYSE:ARLO traded down $0.18 during trading hours on Thursday, reaching $11.28. 298,962 shares of the company were exchanged, compared to its average volume of 955,916. The stock's 50-day moving average is $11.38 and its 200-day moving average is $12.70. The firm has a market cap of $1.13 billion, a PE ratio of -45.80 and a beta of 1.78. Arlo Technologies, Inc. has a twelve month low of $8.33 and a twelve month high of $17.64.

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.