Arlo Technologies, Inc. (NYSE:ARLO) Shares Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. increased its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 370.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 237,590 shares of the company's stock after purchasing an additional 187,072 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.24% of Arlo Technologies worth $2,659,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in Arlo Technologies by 104.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,331 shares of the company's stock valued at $26,000 after acquiring an additional 1,191 shares during the period. KBC Group NV grew its stake in shares of Arlo Technologies by 106.8% in the fourth quarter. KBC Group NV now owns 6,167 shares of the company's stock worth $69,000 after acquiring an additional 3,185 shares in the last quarter. Ieq Capital LLC acquired a new position in Arlo Technologies during the 4th quarter worth $121,000. Hennessy Advisors Inc. increased its holdings 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 purchasing an additional 965 shares during the period. Finally, Balboa Wealth Partners acquired a new stake in Arlo Technologies in the 4th quarter valued at about $129,000. Institutional investors and hedge funds own 83.18% of the company's stock.

Analysts Set New Price Targets

ARLO has been the topic of a number of recent research reports. BWS Financial restated a "buy" rating and set a $24.00 target price on shares of Arlo Technologies in a research note on Friday, February 28th. Craig Hallum raised their price objective on shares of Arlo Technologies from $15.00 to $17.00 and gave the company a "buy" rating in a report on Friday, February 28th. Finally, Roth Capital set a $22.00 target price on shares of Arlo Technologies in a research note on Friday, February 28th.

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Arlo Technologies Stock Up 2.9 %

ARLO traded up $0.25 on Wednesday, reaching $8.66. The company's stock had a trading volume of 218,508 shares, compared to its average volume of 917,340. The company has a market capitalization of $886.60 million, a price-to-earnings ratio of -34.62 and a beta of 1.71. Arlo Technologies, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $17.64. The stock has a 50 day moving average of $10.96 and a two-hundred day moving average of $11.41.

Insider Transactions at Arlo Technologies

In related news, General Counsel Brian Busse sold 6,593 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.50, for a total value of $75,819.50. Following the completion of the sale, the general counsel now directly owns 612,743 shares of the company's stock, valued at $7,046,544.50. This represents a 1.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kurtis Joseph Binder sold 12,155 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.50, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders sold 1,017,441 shares of company stock worth $11,448,097. 3.80% of the stock is currently owned by insiders.

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.