Arlo Technologies, Inc. (NYSE:ARLO) Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its holdings in Arlo Technologies, Inc. (NYSE:ARLO) by 16.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,637,080 shares of the company’s stock after purchasing an additional 229,450 shares during the quarter. Royce & Associates LP’s holdings in Arlo Technologies were worth $18,319,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Arizona State Retirement System increased its position in shares of Arlo Technologies by 3.2% in the fourth quarter. Arizona State Retirement System now owns 29,003 shares of the company’s stock valued at $325,000 after buying an additional 907 shares in the last quarter. Hennessy Advisors Inc. increased its holdings in Arlo Technologies by 9.6% in the 4th quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company’s stock worth $124,000 after acquiring an additional 965 shares in the last quarter. D.A. Davidson & CO. raised its position in Arlo Technologies by 1.1% during the fourth quarter. D.A. Davidson & CO. now owns 91,914 shares of the company’s stock worth $1,029,000 after acquiring an additional 1,018 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Arlo Technologies by 104.5% during 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 in the last quarter. Finally, Quest Partners LLC grew its position in shares of Arlo Technologies by 283.0% in the third quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock valued at $31,000 after purchasing an additional 1,882 shares during the period. Institutional investors and hedge funds own 83.18% of the company’s stock.

Insider Transactions at Arlo Technologies

In other news, General Counsel Brian Busse sold 6,593 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.50, for a total transaction of $75,819.50. Following the transaction, the general counsel now owns 612,743 shares of the company’s stock, valued at approximately $7,046,544.50. The trade was a 1.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew Blake Mcrae sold 200,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $11.04, for a total transaction of $2,208,000.00. Following the sale, the chief executive officer now owns 2,486,678 shares of the company’s stock, valued at approximately $27,452,925.12. The trade was a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 648,743 shares of company stock worth $7,503,028 in the last ninety days. Insiders own 3.80% of the company’s stock.

Arlo Technologies Trading Up 1.1 %

Shares of NYSE ARLO opened at $10.65 on Monday. The stock has a market cap of $1.09 billion, a PE ratio of -42.58 and a beta of 1.66. Arlo Technologies, Inc. has a 12-month low of $9.92 and a 12-month high of $17.64. The company has a 50-day moving average of $11.63 and a 200 day moving average of $11.61.

Analysts Set New Price Targets

Several research analysts recently weighed in on ARLO shares. Roth Capital set a $22.00 price target on shares of Arlo Technologies in a research report on Friday, February 28th. BWS Financial reissued a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a report on Friday, February 28th. Finally, Craig Hallum lifted their price target on Arlo Technologies from $15.00 to $17.00 and gave the stock a “buy” rating in a research note 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.