KBC Group NV Increases Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

KBC Group NV grew its position in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 106.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,167 shares of the company’s stock after buying an additional 3,185 shares during the quarter. KBC Group NV’s holdings in Arlo Technologies were worth $69,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its holdings in Arlo Technologies by 234.5% in the third quarter. Barclays PLC now owns 185,281 shares of the company’s stock valued at $2,244,000 after acquiring an additional 129,889 shares during the period. Lord Abbett & CO. LLC increased its position in shares of Arlo Technologies by 26.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,029,209 shares of the company’s stock valued at $12,463,000 after purchasing an additional 216,870 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Arlo Technologies by 18.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 716,280 shares of the company’s stock valued at $8,674,000 after purchasing an additional 109,200 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Arlo Technologies in the 3rd quarter worth approximately $1,309,000. Finally, Swedbank AB boosted its holdings in shares of Arlo Technologies by 37.5% in the third quarter. Swedbank AB now owns 1,100,000 shares of the company’s stock worth $13,321,000 after buying an additional 300,000 shares during the last quarter. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

Arlo Technologies Stock Up 3.4 %

NYSE ARLO opened at $11.57 on Tuesday. The stock’s 50-day moving average price is $11.86 and its 200-day moving average price is $11.88. The company has a market capitalization of $1.16 billion, a P/E ratio of -46.26 and a beta of 1.77. Arlo Technologies, Inc. has a 52 week low of $8.56 and a 52 week high of $17.64.

Insiders Place Their Bets

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 59,316 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $11.43, for a total value of $677,981.88. Following the completion of the sale, the chief executive officer now owns 3,128,696 shares in the company, valued at approximately $35,760,995.28. This represents a 1.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Brian Busse sold 9,007 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $11.66, for a total value of $105,021.62. Following the completion of the transaction, the general counsel now owns 602,458 shares in the company, valued at $7,024,660.28. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 470,896 shares of company stock worth $5,433,058. Company insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on ARLO shares. BWS Financial reaffirmed a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a report on Friday, November 8th. Craig Hallum reduced their price objective on Arlo Technologies from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 8th.

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.