Brian Busse Sells 6,593 Shares of Arlo Technologies, Inc. (NYSE:ARLO) Stock

Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) General Counsel Brian Busse sold 6,593 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.50, for a total value of $75,819.50. Following the transaction, the general counsel now owns 612,743 shares in the company, valued at $7,046,544.50. The trade was a 1.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 shares were sold at an average price of $11.43, for a total value 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 value of $105,021.62.

Arlo Technologies Stock Down 0.2 %

Shares of Arlo Technologies stock traded down $0.03 during trading on Friday, reaching $11.82. The company's stock had a trading volume of 1,216,455 shares, compared to its average volume of 891,101. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -47.29 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 company has a 50-day simple moving average of $11.68 and a two-hundred day simple moving average of $11.67.

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Institutional Trading of Arlo Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its position in Arlo Technologies by 3.2% during the 4th quarter. Arizona State Retirement System now owns 29,003 shares of the company's stock worth $325,000 after acquiring an additional 907 shares during the period. Hennessy Advisors Inc. lifted its position in Arlo Technologies by 9.6% during the 4th quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company's stock worth $124,000 after acquiring an additional 965 shares during the period. D.A. Davidson & CO. lifted its position in Arlo Technologies by 1.1% during 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 during the period. Hsbc Holdings PLC lifted its position in Arlo Technologies by 9.7% during the 4th quarter. Hsbc Holdings PLC now owns 12,470 shares of the company's stock worth $140,000 after acquiring an additional 1,103 shares during the period. Finally, Smartleaf Asset Management LLC lifted 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 and hedge funds own 83.18% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ARLO. BWS Financial reissued a "buy" rating and issued a $24.00 price objective on shares of Arlo Technologies in a research report on Friday, February 28th. 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.

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.