Emerald Mutual Fund Advisers Trust Raises Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 57.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 875,965 shares of the company's stock after buying an additional 318,501 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.87% of Arlo Technologies worth $9,802,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in shares of Arlo Technologies by 11.7% in the 4th quarter. Northern Trust Corp now owns 1,711,116 shares of the company's stock valued at $19,147,000 after buying an additional 179,288 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Arlo Technologies during the 4th quarter valued at $499,000. Price T Rowe Associates Inc. MD grew its stake in Arlo Technologies by 9.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 81,807 shares of the company's stock worth $916,000 after buying an additional 7,319 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in Arlo Technologies during the 4th quarter valued at about $366,000. Finally, Hsbc Holdings PLC raised its stake in Arlo Technologies by 9.7% in the fourth quarter. Hsbc Holdings PLC now owns 12,470 shares of the company's stock valued at $140,000 after buying an additional 1,103 shares during the last quarter. Institutional investors own 83.18% of the company's stock.

Arlo Technologies Trading Up 2.7 %

ARLO traded up $0.27 during midday trading on Friday, hitting $10.36. 465,227 shares of the company traded hands, compared to its average volume of 905,459. The business has a 50 day simple moving average of $10.22 and a two-hundred day simple moving average of $11.16. Arlo Technologies, Inc. has a 52-week low of $7.84 and a 52-week high of $17.64. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -41.44 and a beta of 1.71.

Wall Street Analyst Weigh In

ARLO has been the topic of several recent analyst reports. BWS Financial restated a "buy" rating and set a $24.00 price objective on shares of Arlo Technologies in a report on Thursday, April 24th. Roth Capital set a $22.00 price target on shares of Arlo Technologies in a report on Friday, February 28th. Finally, Craig Hallum lifted their target price on Arlo Technologies from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 28th.

Insider Buying and Selling

In other news, CEO Matthew Blake Mcrae sold 25,405 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $9.90, for a total transaction of $251,509.50. Following the transaction, the chief executive officer now directly owns 2,580,370 shares in the company, valued at $25,545,663. The trade was a 0.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Brian Busse sold 6,593 shares of Arlo Technologies stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.50, for a total value of $75,819.50. Following the transaction, the general counsel now owns 612,743 shares in the company, valued at approximately $7,046,544.50. The trade was a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 986,973 shares of company stock worth $11,048,127 in the last 90 days. Insiders own 3.80% 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.