D.A. Davidson & CO. Has $1.03 Million Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

D.A. Davidson & CO. boosted its holdings in Arlo Technologies, Inc. (NYSE:ARLO) by 1.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 91,914 shares of the company’s stock after acquiring an additional 1,018 shares during the period. D.A. Davidson & CO.’s holdings in Arlo Technologies were worth $1,029,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ARLO. Quest Partners LLC lifted its position in shares of Arlo Technologies by 283.0% during the 3rd quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock valued at $31,000 after acquiring an additional 1,882 shares during the period. KBC Group NV raised its stake in Arlo Technologies by 106.8% in the fourth quarter. KBC Group NV now owns 6,167 shares of the company’s stock valued at $69,000 after purchasing an additional 3,185 shares in the last quarter. Hennessy Advisors Inc. lifted its position in Arlo Technologies by 9.6% during the fourth quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company’s stock worth $124,000 after purchasing an additional 965 shares during the period. Choreo LLC bought a new stake in Arlo Technologies during the fourth quarter worth about $154,000. Finally, Versor Investments LP acquired a new stake in Arlo Technologies during the third quarter worth about $178,000. Institutional investors own 83.18% of the company’s stock.

Insiders Place Their Bets

In other Arlo Technologies news, General Counsel Brian Busse sold 17,669 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $11.11, for a total transaction of $196,302.59. Following the sale, the general counsel now owns 606,832 shares of the company’s stock, valued at approximately $6,741,903.52. The trade was a 2.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew Blake Mcrae sold 59,316 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $11.43, for a total transaction of $677,981.88. Following the transaction, the chief executive officer now owns 3,128,696 shares of the company’s stock, valued at $35,760,995.28. This trade represents 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 488,565 shares of company stock valued at $5,629,360. 3.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Craig Hallum cut their price target on shares of Arlo Technologies from $17.00 to $15.00 and set a “buy” rating for the company in a report on Friday, November 8th. BWS Financial restated a “buy” rating and set a $24.00 price objective on shares of Arlo Technologies in a research report on Friday, November 8th.

Arlo Technologies Stock Up 1.9 %

Shares of ARLO stock opened at $11.46 on Monday. The business has a fifty day simple moving average of $11.60 and a 200 day simple moving average of $11.67. The company has a market cap of $1.15 billion, a P/E ratio of -45.82 and a beta of 1.77. Arlo Technologies, Inc. has a twelve month low of $8.63 and a twelve month high of $17.64.

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.