Dark Forest Capital Management LP Makes New Investment in Arlo Technologies, Inc. (NYSE:ARLO)

Dark Forest Capital Management LP bought a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 32,679 shares of the company's stock, valued at approximately $366,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in Arlo Technologies by 104.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,331 shares of the company's stock worth $26,000 after buying an additional 1,191 shares during the last quarter. KBC Group NV grew its stake in shares of Arlo Technologies by 106.8% during the 4th quarter. KBC Group NV now owns 6,167 shares of the company's stock worth $69,000 after acquiring an additional 3,185 shares during the period. Ieq Capital LLC purchased a new stake in Arlo Technologies in the 4th quarter worth about $121,000. Hennessy Advisors Inc. raised its stake in Arlo Technologies by 9.6% in the 4th quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company's stock valued at $124,000 after acquiring an additional 965 shares during the period. Finally, Balboa Wealth Partners bought a new stake in Arlo Technologies in the 4th quarter valued at about $129,000. 83.18% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arlo Technologies

In other Arlo Technologies news, General Counsel Brian Busse sold 26,258 shares of Arlo Technologies stock in a transaction that occurred on 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 directly owns 636,485 shares in the company, valued at $6,810,389.50. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $677,981.88. Following the completion of the transaction, the chief executive officer now directly owns 3,128,696 shares in the company, valued at $35,760,995.28. The trade was a 1.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 986,973 shares of company stock valued at $11,048,127 in the last three months. Company insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BWS Financial reiterated a "buy" rating and issued a $24.00 target price on shares of Arlo Technologies in a research note on Thursday, April 24th. Roth Capital set a $22.00 target price on shares of Arlo Technologies in a report on Friday, February 28th. Finally, Craig Hallum raised their price target on Arlo Technologies from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 28th.

Arlo Technologies Stock Up 2.7 %

NYSE:ARLO traded up $0.27 during mid-day trading on Friday, hitting $10.36. 465,227 shares of the stock traded hands, compared to its average volume of 904,180. The business's 50-day moving average price is $10.19 and its 200 day moving average price is $11.14. The company has a market cap of $1.07 billion, a PE ratio of -41.44 and a beta of 1.81. Arlo Technologies, Inc. has a 12-month low of $7.84 and a 12-month high of $17.64.

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.