Landscape Capital Management L.L.C. Makes New Investment in Arlo Technologies, Inc. (NYSE:ARLO)

Landscape Capital Management L.L.C. acquired a new stake in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 50,518 shares of the company's stock, valued at approximately $612,000. Landscape Capital Management L.L.C. owned about 0.05% of Arlo Technologies at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Brandes Investment Partners LP lifted its position in Arlo Technologies by 1.0% during the second quarter. Brandes Investment Partners LP now owns 5,140,826 shares of the company's stock worth $66,991,000 after acquiring an additional 53,242 shares during the last quarter. Rice Hall James & Associates LLC lifted its holdings in Arlo Technologies by 4.9% during the 3rd quarter. Rice Hall James & Associates LLC now owns 4,069,476 shares of the company's stock worth $49,281,000 after purchasing an additional 191,536 shares during the last quarter. Renaissance Technologies LLC increased its position in Arlo Technologies by 12.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,414,400 shares of the company's stock worth $18,444,000 after buying an additional 154,100 shares during the period. Engle Capital Management L.P. lifted its holdings in shares of Arlo Technologies by 25.6% during the second quarter. Engle Capital Management L.P. now owns 1,130,000 shares of the company's stock worth $14,735,000 after buying an additional 230,000 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of Arlo Technologies by 37.5% in the third quarter. Swedbank AB now owns 1,100,000 shares of the company's stock valued at $13,321,000 after acquiring an additional 300,000 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 equities analysts recently commented on the stock. BWS Financial reaffirmed a "buy" rating and set a $24.00 price target on shares of Arlo Technologies in a research report on Friday, November 8th. Craig Hallum dropped their price target 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.

Insiders Place Their Bets

In related news, CFO Kurtis Joseph Binder sold 7,098 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $11.94, for a total value 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 represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.80% of the company's stock.

Arlo Technologies Trading Up 1.2 %

Arlo Technologies stock traded up $0.14 during trading hours on Friday, reaching $12.03. 583,575 shares of the stock were exchanged, compared to its average volume of 1,055,002. The stock has a 50 day moving average of $11.42 and a two-hundred day moving average of $12.64. The company has a market cap of $1.21 billion, a P/E ratio of -48.12 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.