Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Sells $280,960.60 in Stock

Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Brian Busse sold 26,258 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $10.70, for a total transaction 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. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Brian Busse also recently made the following trade(s):

• On Tuesday, March 4th, Brian Busse sold 6,593 shares of Arlo Technologies stock. The shares were sold at an average price of $11.50, for a total transaction of $75,819.50.
• On Wednesday, February 12th, Brian Busse sold 17,669 shares of Arlo Technologies stock. The stock was sold at an average price of $11.11, for a total transaction of $196,302.59.
• On Wednesday, February 5th, Brian Busse sold 11,475 shares of Arlo Technologies stock. The shares were sold at an average price of $11.43, for a total value of $131,159.25.
• On Wednesday, January 29th, Brian Busse sold 9,007 shares of Arlo Technologies stock. The stock was sold at an average price of $11.66, for a total value of $105,021.62.

Arlo Technologies Trading Up 1.4 %

NYSE:ARLO opened at $10.71 on Thursday. Arlo Technologies, Inc. has a 1-year low of $9.92 and a 1-year high of $17.64. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -42.84 and a beta of 1.66. The business’s 50-day moving average price is $11.50 and its two-hundred day moving average price is $11.57.

Institutional Trading of Arlo Technologies

Hedge funds have recently modified their holdings of the company. Emerald Advisers LLC increased its stake in Arlo Technologies by 116.9% in the fourth quarter. Emerald Advisers LLC now owns 1,666,482 shares of the company’s stock valued at $18,648,000 after purchasing an additional 898,167 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Arlo Technologies by 21.1% in the 4th quarter. Wasatch Advisors LP now owns 4,537,333 shares of the company’s stock valued at $50,773,000 after buying an additional 790,549 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Arlo Technologies in the 4th quarter valued at $4,586,000. Westwood Holdings Group Inc. raised its stake in Arlo Technologies by 38.4% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,474,778 shares of the company’s stock worth $16,503,000 after buying an additional 409,489 shares during the period. Finally, Brandes Investment Partners LP lifted its holdings in Arlo Technologies by 7.0% during the fourth quarter. Brandes Investment Partners LP now owns 5,732,547 shares of the company’s stock worth $64,147,000 after acquiring an additional 375,903 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on ARLO. Roth Capital set a $22.00 price objective on Arlo Technologies in a research report on Friday, February 28th. BWS Financial reiterated a “buy” rating and set a $24.00 price target on shares of Arlo Technologies in a research report on Friday, February 28th. Finally, Craig Hallum increased their price objective on shares of Arlo Technologies from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 28th.

Arlo Technologies Company 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.