Brian Busse Sells 11,475 Shares of Arlo Technologies, Inc. (NYSE:ARLO) Stock

Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) General Counsel Brian Busse sold 11,475 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $11.43, for a total value of $131,159.25. Following the transaction, the general counsel now owns 590,983 shares of the company's stock, valued at approximately $6,754,935.69. This represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, January 29th, Brian Busse sold 9,007 shares of Arlo Technologies stock. The stock was sold at an average price of $11.66, for a total transaction of $105,021.62.
• On Monday, December 2nd, Brian Busse sold 27,588 shares of Arlo Technologies stock. The shares were sold at an average price of $11.54, for a total transaction of $318,365.52.

Arlo Technologies Trading Down 0.0 %

Shares of NYSE ARLO traded down $0.01 during midday trading on Tuesday, reaching $11.56. The company's stock had a trading volume of 227,903 shares, compared to its average volume of 721,257. Arlo Technologies, Inc. has a one year low of $8.56 and a one year high of $17.64. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -46.24 and a beta of 1.77. The company has a 50 day moving average price of $11.86 and a 200 day moving average price of $11.88.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Arizona State Retirement System lifted its holdings in shares of Arlo Technologies by 3.2% in the fourth quarter. Arizona State Retirement System now owns 29,003 shares of the company's stock valued at $325,000 after purchasing an additional 907 shares in the last quarter. Hennessy Advisors Inc. raised its position in Arlo Technologies by 9.6% during the fourth quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company's stock valued at $124,000 after buying an additional 965 shares during the period. D.A. Davidson & CO. lifted its stake in Arlo Technologies by 1.1% in the 4th quarter. D.A. Davidson & CO. now owns 91,914 shares of the company's stock worth $1,029,000 after acquiring an additional 1,018 shares in the last quarter. GAMMA Investing LLC lifted its stake in Arlo Technologies by 35.7% in the 3rd quarter. GAMMA Investing LLC now owns 4,406 shares of the company's stock worth $53,000 after acquiring an additional 1,160 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Arlo Technologies by 104.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,331 shares of the company's stock worth $26,000 after acquiring an additional 1,191 shares during the period. Institutional investors own 83.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. 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. Craig Hallum decreased their price target on Arlo Technologies from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, November 8th.

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.