Arlo Technologies, Inc. (NYSE:ARLO) Stock Holdings Increased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust boosted its position in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 57.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ARLO. Smartleaf Asset Management LLC grew its stake in Arlo Technologies by 104.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,331 shares of the company's stock valued at $26,000 after buying an additional 1,191 shares during the last quarter. KBC Group NV raised its holdings in Arlo Technologies by 106.8% during the fourth quarter. KBC Group NV now owns 6,167 shares of the company's stock worth $69,000 after acquiring an additional 3,185 shares in the last quarter. Ieq Capital LLC acquired a new position in shares of Arlo Technologies during the 4th quarter worth approximately $121,000. Hennessy Advisors Inc. grew its stake in shares of Arlo Technologies by 9.6% in the fourth quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company's stock valued at $124,000 after acquiring an additional 965 shares in the last quarter. Finally, Balboa Wealth Partners bought a new stake in shares of Arlo Technologies during the 4th quarter worth approximately $129,000. Institutional investors own 83.18% of the company's stock.

Arlo Technologies Price Performance

Shares of NYSE:ARLO traded up $0.27 on Friday, hitting $10.36. 465,227 shares of the company's stock were exchanged, compared to its average volume of 904,180. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -41.44 and a beta of 1.81. The business's 50 day simple moving average is $10.19 and its two-hundred day simple moving average is $11.14. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $17.64.

Wall Street Analyst Weigh In

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

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 259,227 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $12.03, for a total transaction of $3,118,500.81. Following the transaction, the chief executive officer now owns 2,945,905 shares in the company, valued at approximately $35,439,237.15. The trade was a 8.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Brian Busse sold 11,475 shares of Arlo Technologies stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $11.43, for a total transaction of $131,159.25. Following the transaction, the general counsel now owns 590,983 shares of the company's stock, valued at approximately $6,754,935.69. The trade was a 1.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 986,973 shares of company stock worth $11,048,127. 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.