Wellington Management Group LLP acquired a new stake in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 361,900 shares of the company's stock, valued at approximately $4,050,000. Wellington Management Group LLP owned approximately 0.36% of Arlo Technologies as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in ARLO. Smartleaf Asset Management LLC grew its position in Arlo Technologies by 104.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,331 shares of the company's stock worth $26,000 after acquiring an additional 1,191 shares in the last quarter. KBC Group NV grew its stake in shares of Arlo Technologies by 106.8% during the fourth quarter. KBC Group NV now owns 6,167 shares of the company's stock valued at $69,000 after buying an additional 3,185 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of Arlo Technologies during the 4th quarter worth approximately $121,000. Hennessy Advisors Inc. grew its position in Arlo Technologies by 9.6% in the 4th quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company's stock valued at $124,000 after acquiring an additional 965 shares during the last quarter. Finally, Balboa Wealth Partners bought a new stake in shares of Arlo Technologies during the fourth quarter worth $129,000. 83.18% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on ARLO. BWS Financial reaffirmed a "buy" rating and set a $24.00 target price 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 report on Friday, February 28th. Finally, Craig Hallum increased their target price on Arlo Technologies from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, February 28th.
Check Out Our Latest Stock Analysis on ARLO
Arlo Technologies Stock Performance
Shares of NYSE ARLO traded up $0.10 during mid-day trading on Tuesday, hitting $9.17. The stock had a trading volume of 580,513 shares, compared to its average volume of 921,743. The company has a 50 day moving average of $10.72 and a two-hundred day moving average of $11.32. Arlo Technologies, Inc. has a twelve month low of $6.34 and a twelve month high of $17.64. The firm has a market cap of $938.95 million, a PE ratio of -36.66 and a beta of 1.71.
Insiders Place Their Bets
In other news, CFO Kurtis Joseph Binder sold 184,589 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $10.70, for a total transaction of $1,975,102.30. Following the sale, the chief financial officer now directly owns 977,457 shares of the company's stock, valued at $10,458,789.90. This represents a 15.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Brian Busse sold 26,258 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $10.70, for a total value of $280,960.60. Following the completion of the sale, the general counsel now owns 636,485 shares of the company's stock, valued at $6,810,389.50. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,017,441 shares of company stock valued at $11,448,097. 3.80% of the stock is owned by insiders.
About Arlo Technologies
(
Free Report)
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.
Further Reading
Before you consider Arlo Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arlo Technologies wasn't on the list.
While Arlo Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
