GAMMA Investing LLC Raises Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

GAMMA Investing LLC lifted its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 1,291.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,182 shares of the company's stock after acquiring an additional 66,065 shares during the quarter. GAMMA Investing LLC owned about 0.07% of Arlo Technologies worth $7,212,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC increased its position in Arlo Technologies by 234.5% during the third quarter. Barclays PLC now owns 185,281 shares of the company's stock worth $2,244,000 after acquiring an additional 129,889 shares during the period. KBC Group NV raised its stake in shares of Arlo Technologies by 106.8% in the fourth quarter. KBC Group NV now owns 6,167 shares of the company's stock valued at $69,000 after acquiring an additional 3,185 shares during the last quarter. Choreo LLC bought a new position in Arlo Technologies in the 4th quarter worth approximately $154,000. Stoneridge Investment Partners LLC raised its position in shares of Arlo Technologies by 20.2% during the fourth quarter. Stoneridge Investment Partners LLC now owns 24,954 shares of the company's stock worth $279,000 after acquiring an additional 4,193 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Arlo Technologies by 2.3% during the fourth quarter. Rhumbline Advisers now owns 269,338 shares of the company's stock worth $3,014,000 after purchasing an additional 6,101 shares during the period. Institutional investors and hedge funds own 83.18% of the company's stock.

Insider Buying and Selling

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 25,405 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $9.90, for a total transaction of $251,509.50. Following the completion of the sale, the chief executive officer now directly owns 2,580,370 shares of the company's stock, valued at $25,545,663. This trade represents a 0.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kurtis Joseph Binder sold 184,589 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $10.70, for a total transaction of $1,975,102.30. Following the transaction, the chief financial officer now owns 977,457 shares of the company's stock, valued at $10,458,789.90. This trade represents a 15.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 642,652 shares of company stock valued at $6,774,031 over the last quarter. Corporate insiders own 5.20% of the company's stock.

Analyst Ratings Changes

ARLO has been the subject of several analyst reports. BWS Financial reiterated a "buy" rating and issued a $24.00 price objective on shares of Arlo Technologies in a research note on Monday. Craig Hallum lifted their price target 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. Finally, Roth Capital set a $22.00 target price on Arlo Technologies in a report on Friday, February 28th.

Arlo Technologies Stock Performance

ARLO stock traded down $0.25 during midday trading on Thursday, reaching $16.77. 718,826 shares of the company's stock traded hands, compared to its average volume of 886,857. Arlo Technologies, Inc. has a 52 week low of $7.84 and a 52 week high of $17.64. The firm has a market capitalization of $1.74 billion, a PE ratio of -67.08 and a beta of 2.01. The company has a 50-day moving average price of $11.84 and a two-hundred day moving average price of $11.62.

Arlo Technologies (NYSE:ARLO - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. Arlo Technologies had a negative net margin of 4.76% and a negative return on equity of 24.14%. The business had revenue of $119.07 million for the quarter, compared to analysts' expectations of $118.35 million. During the same period last year, the business earned $0.09 earnings per share. The business's quarterly revenue was down 4.1% on a year-over-year basis. As a group, analysts predict that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

Arlo Technologies 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.