Arlo Technologies, Inc. (NYSE:ARLO) Stake Lifted by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lifted its position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 4.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,069,476 shares of the company's stock after buying an additional 191,536 shares during the period. Arlo Technologies makes up approximately 2.7% of Rice Hall James & Associates LLC's portfolio, making the stock its 4th largest position. Rice Hall James & Associates LLC owned about 4.17% of Arlo Technologies worth $49,281,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Arlo Technologies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 9,556,442 shares of the company's stock worth $90,977,000 after buying an additional 51,623 shares during the period. Brandes Investment Partners LP boosted its position in shares of Arlo Technologies by 1.0% during the 2nd quarter. Brandes Investment Partners LP now owns 5,140,826 shares of the company's stock worth $66,991,000 after purchasing an additional 53,242 shares during the period. Renaissance Technologies LLC boosted its position in shares of 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 purchasing an additional 154,100 shares during the period. Engle Capital Management L.P. increased its holdings in Arlo Technologies by 25.6% in the 2nd quarter. Engle Capital Management L.P. now owns 1,130,000 shares of the company's stock valued at $14,735,000 after purchasing an additional 230,000 shares during the last quarter. Finally, Swedbank AB raised its position in 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 purchasing an additional 300,000 shares during the period. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Ralph E. Faison acquired 8,842 shares of the company's stock in a transaction on Monday, August 12th. The shares were bought at an average cost of $11.89 per share, with a total value of $105,131.38. Following the transaction, the director now owns 385,599 shares in the company, valued at approximately $4,584,772.11. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Arlo Technologies news, Director Ralph E. Faison acquired 8,842 shares of the company's stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $11.89 per share, for a total transaction of $105,131.38. Following the acquisition, the director now owns 385,599 shares in the company, valued at $4,584,772.11. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kurtis Joseph Binder sold 7,098 shares of the business's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $11.94, for a total value of $84,750.12. Following the sale, the chief financial officer now owns 892,595 shares of the company's stock, valued at approximately $10,657,584.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ARLO shares. Roth Mkm lifted their price objective on Arlo Technologies from $16.50 to $18.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. BWS Financial reissued a "buy" rating and set a $24.00 price target on shares of Arlo Technologies in a research report on Friday, September 27th.

Arlo Technologies Stock Up 1.3 %

Shares of Arlo Technologies stock traded up $0.13 during trading hours on Friday, reaching $10.29. 914,010 shares of the company were exchanged, compared to its average volume of 936,682. The firm has a market cap of $1.03 billion, a PE ratio of -47.32 and a beta of 1.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.48. Arlo Technologies, Inc. has a 1 year low of $7.77 and a 1 year high of $17.64. The stock's fifty day moving average is $11.47 and its 200 day moving average is $12.65.

Arlo Technologies (NYSE:ARLO - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. Arlo Technologies had a negative return on equity of 20.75% and a negative net margin of 4.19%. The company had revenue of $127.45 million for the quarter, compared to analyst estimates of $125.03 million. During the same quarter last year, the company earned ($0.08) EPS. Arlo Technologies's revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities research analysts forecast that Arlo Technologies, Inc. will post -0.4 earnings per share for the current year.

Arlo Technologies 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.