Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder Sells 12,155 Shares

Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) CFO Kurtis Joseph Binder sold 12,155 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.50, for a total transaction of $139,782.50. Following the transaction, the chief financial officer now owns 837,906 shares in the company, valued at $9,635,919. This represents a 1.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Arlo Technologies Trading Down 0.2 %

Arlo Technologies stock traded down $0.03 during mid-day trading on Friday, hitting $11.82. The company had a trading volume of 1,216,455 shares, compared to its average volume of 891,101. The stock's 50 day moving average price is $11.68 and its two-hundred day moving average price is $11.67. Arlo Technologies, Inc. has a 12 month low of $9.92 and a 12 month high of $17.64. The company has a market capitalization of $1.21 billion, a PE ratio of -47.29 and a beta of 1.66.

Institutional Investors Weigh In On Arlo Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in Arlo Technologies by 234.5% in the third quarter. Barclays PLC now owns 185,281 shares of the company's stock worth $2,244,000 after acquiring an additional 129,889 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Arlo Technologies by 5.0% in the fourth quarter. Sanctuary Advisors LLC now owns 47,559 shares of the company's stock worth $555,000 after purchasing an additional 2,284 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Arlo Technologies by 26.7% in the third quarter. Lord Abbett & CO. LLC now owns 1,029,209 shares of the company's stock worth $12,463,000 after purchasing an additional 216,870 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Arlo Technologies by 18.0% in the third quarter. Mutual of America Capital Management LLC now owns 716,280 shares of the company's stock worth $8,674,000 after purchasing an additional 109,200 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Arlo Technologies in the third quarter worth $1,309,000. 83.18% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

ARLO has been the topic of several research analyst reports. Craig Hallum boosted their price target on shares of Arlo Technologies from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, February 28th. BWS Financial reissued a "buy" rating and issued a $24.00 price target on shares of Arlo Technologies 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.