Arlo Technologies (NYSE:ARLO) Earns “Buy” Rating from BWS Financial

BWS Financial reiterated their buy rating on shares of Arlo Technologies (NYSE:ARLO) in a report released on Friday morning,Benzinga reports. They currently have a $24.00 price objective on the stock.

A number of other research analysts have also recently commented on the company. Roth Mkm upped their target price on Arlo Technologies from $16.50 to $18.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Craig Hallum cut their price objective on Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday.

Arlo Technologies Trading Up 1.8 %

Arlo Technologies stock opened at $12.13 on Friday. Arlo Technologies has a 12-month low of $7.77 and a 12-month high of $17.64. The firm has a 50-day moving average price of $11.36 and a 200-day moving average price of $12.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.48.

Insider Activity

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 7,098 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $11.94, for a total transaction of $84,750.12. Following the transaction, the chief financial officer now directly owns 892,595 shares in the company, valued at $10,657,584.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Arlo Technologies

Several large investors have recently modified their holdings of ARLO. Chilton Capital Management LLC bought a new position in shares of Arlo Technologies during the second quarter valued at approximately $33,000. Quest Partners LLC lifted its holdings in Arlo Technologies by 283.0% during the third quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock worth $31,000 after buying an additional 1,882 shares during the period. GAMMA Investing LLC boosted its position in Arlo Technologies by 34.9% during the 2nd quarter. GAMMA Investing LLC now owns 3,246 shares of the company’s stock valued at $42,000 after acquiring an additional 840 shares in the last quarter. CWM LLC increased its holdings in shares of Arlo Technologies by 90.5% in the 2nd quarter. CWM LLC now owns 3,742 shares of the company’s stock valued at $49,000 after acquiring an additional 1,778 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of Arlo Technologies in the 2nd quarter valued at $62,000. Institutional investors own 83.18% of the company’s stock.

About Arlo Technologies

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.