Arlo Technologies, Inc. (NYSE:ARLO) CEO Sells $677,981.88 in Stock

Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) CEO Matthew Blake Mcrae sold 59,316 shares of the company'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 transaction of $677,981.88. Following the transaction, the chief executive officer now owns 3,128,696 shares in the company, valued at $35,760,995.28. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Matthew Blake Mcrae also recently made the following trade(s):

• On Wednesday, January 29th, Matthew Blake Mcrae sold 46,866 shares of Arlo Technologies stock. The shares were sold at an average price of $11.66, for a total value of $546,457.56.
• On Monday, December 2nd, Matthew Blake Mcrae sold 316,644 shares of Arlo Technologies stock. The stock was sold at an average price of $11.54, for a total transaction of $3,654,071.76.

Arlo Technologies Price Performance

Shares of Arlo Technologies stock traded down $0.01 on Tuesday, hitting $11.56. The company had a trading volume of 227,903 shares, compared to its average volume of 721,257. The firm has a market capitalization of $1.16 billion, a P/E ratio of -46.24 and a beta of 1.77. Arlo Technologies, Inc. has a twelve month low of $8.56 and a twelve month high of $17.64. The stock has a 50-day moving average of $11.86 and a 200-day moving average of $11.88.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ARLO. Craig Hallum cut their target price on Arlo Technologies from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. BWS Financial reissued a "buy" rating and issued a $24.00 target price on shares of Arlo Technologies in a research note on Friday, November 8th.

Institutional Investors Weigh In On Arlo Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in shares of Arlo Technologies by 104.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,331 shares of the company's stock valued at $26,000 after purchasing an additional 1,191 shares during the last quarter. Quest Partners LLC increased its position in shares of Arlo Technologies by 283.0% during the 3rd quarter. Quest Partners LLC now owns 2,547 shares of the company's stock worth $31,000 after purchasing an additional 1,882 shares during the last quarter. GAMMA Investing LLC lifted its stake in Arlo Technologies by 35.7% in the third quarter. GAMMA Investing LLC now owns 4,406 shares of the company's stock valued at $53,000 after acquiring an additional 1,160 shares during the last quarter. KBC Group NV grew its position in shares of Arlo Technologies by 106.8% in the 4th quarter. KBC Group NV now owns 6,167 shares of the company's stock valued at $69,000 after acquiring an additional 3,185 shares during the period. Finally, Ieq Capital LLC acquired a new position in shares of Arlo Technologies during the 4th quarter worth about $121,000. Institutional investors and hedge funds own 83.18% of the company's stock.

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.