Arlo Technologies, Inc. (NYSE:ARLO) Shares Acquired by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lifted its position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 10.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 970,408 shares of the company's stock after buying an additional 94,443 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.95% of Arlo Technologies worth $9,578,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in Arlo Technologies by 40.9% during the first quarter. GAMMA Investing LLC now owns 7,212 shares of the company's stock valued at $71,000 after purchasing an additional 2,095 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Arlo Technologies during the first quarter valued at about $123,000. Balboa Wealth Partners bought a new stake in Arlo Technologies during the fourth quarter valued at about $129,000. Bank of Montreal Can bought a new stake in Arlo Technologies during the fourth quarter valued at about $130,000. Finally, Hsbc Holdings PLC boosted its position in Arlo Technologies by 9.7% during the fourth quarter. Hsbc Holdings PLC now owns 12,470 shares of the company's stock valued at $140,000 after purchasing an additional 1,103 shares in the last quarter. Institutional investors own 83.18% of the company's stock.

Insider Buying and Selling at Arlo Technologies

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 372,488 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $17.14, for a total value of $6,384,444.32. Following the completion of the transaction, the chief executive officer directly owned 2,290,493 shares of the company's stock, valued at approximately $39,259,050.02. The trade was a 13.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Brian Busse sold 21,367 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $10.37, for a total value of $221,575.79. Following the completion of the transaction, the general counsel directly owned 656,785 shares of the company's stock, valued at $6,810,860.45. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,589,447 shares of company stock valued at $25,137,645. 3.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a "buy" rating and issued a $24.00 price target on shares of Arlo Technologies in a research note on Monday, June 9th.

Arlo Technologies Stock Down 0.2%

Shares of NYSE:ARLO traded down $0.04 during trading on Tuesday, hitting $16.16. The stock had a trading volume of 865,791 shares, compared to its average volume of 914,060. Arlo Technologies, Inc. has a 12-month low of $7.84 and a 12-month high of $17.98. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -73.45 and a beta of 2.03. The stock has a 50-day simple moving average of $15.19 and a two-hundred day simple moving average of $12.35.

Arlo Technologies (NYSE:ARLO - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.03. Arlo Technologies had a negative return on equity of 21.67% and a negative net margin of 4.29%. The firm had revenue of $119.07 million during the quarter, compared to the consensus estimate of $118.35 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company's revenue was down 4.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

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.