Arlo Technologies, Inc. (NYSE:ARLO) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 80.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,979 shares of the company's stock after selling 101,081 shares during the quarter. Sei Investments Co.'s holdings in Arlo Technologies were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of ARLO. American Century Companies Inc. lifted its stake in Arlo Technologies by 12.7% in the fourth quarter. American Century Companies Inc. now owns 59,174 shares of the company's stock valued at $662,000 after buying an additional 6,675 shares during the last quarter. Blueshift Asset Management LLC grew its position in Arlo Technologies by 16.3% during the 4th quarter. Blueshift Asset Management LLC now owns 23,589 shares of the company's stock worth $264,000 after purchasing an additional 3,299 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Arlo Technologies in the fourth quarter valued at $214,000. Intech Investment Management LLC raised its holdings in shares of Arlo Technologies by 116.7% in the fourth quarter. Intech Investment Management LLC now owns 62,208 shares of the company's stock valued at $696,000 after buying an additional 33,498 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Arlo Technologies by 16.3% during the fourth quarter. Royce & Associates LP now owns 1,637,080 shares of the company's stock worth $18,319,000 after buying an additional 229,450 shares during the period. Hedge funds and other institutional investors own 83.18% of the company's stock.

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Insiders Place Their Bets

In other Arlo Technologies news, General Counsel Brian Busse sold 26,258 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $10.70, for a total transaction of $280,960.60. Following the transaction, the general counsel now owns 636,485 shares of the company's stock, valued at $6,810,389.50. This represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Matthew Blake Mcrae sold 59,316 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $11.43, for a total value of $677,981.88. Following the completion of the transaction, the chief executive officer now owns 3,128,696 shares of the company's stock, valued at $35,760,995.28. The trade was a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,017,441 shares of company stock valued at $11,448,097. Corporate insiders own 3.80% of the company's stock.

Arlo Technologies Stock Up 1.1 %

Shares of Arlo Technologies stock traded up $0.10 on Tuesday, hitting $9.17. The company's stock had a trading volume of 179,806 shares, compared to its average volume of 920,207. The firm has a fifty day moving average price of $10.72 and a 200-day moving average price of $11.32. Arlo Technologies, Inc. has a 52-week low of $6.34 and a 52-week high of $17.64. The company has a market capitalization of $939.36 million, a P/E ratio of -36.68 and a beta of 1.71.

Analyst Upgrades and Downgrades

ARLO has been the topic of a number of analyst reports. BWS Financial reiterated a "buy" rating and issued a $24.00 price objective on shares of Arlo Technologies in a research report on Friday, February 28th. Roth Capital set a $22.00 price target on shares of Arlo Technologies in a research note on Friday, February 28th. Finally, 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 research report on Friday, February 28th.

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.