Arlo Technologies, Inc. (NYSE:ARLO) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 47.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 177,355 shares of the company's stock after acquiring an additional 56,799 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of Arlo Technologies worth $1,985,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ARLO. Smartleaf Asset Management LLC raised its position in shares of Arlo Technologies by 104.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,331 shares of the company's stock valued at $26,000 after purchasing an additional 1,191 shares during the period. 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 valued at $69,000 after acquiring an additional 3,185 shares during the period. Ieq Capital LLC purchased a new position in shares of Arlo Technologies in the fourth quarter valued at about $121,000. Balboa Wealth Partners purchased a new position in shares of Arlo Technologies in the fourth quarter valued at about $129,000. Finally, Bank of Montreal Can bought a new position in shares of Arlo Technologies in the fourth quarter worth about $130,000. Hedge funds and other institutional investors own 83.18% of the company's stock.

Arlo Technologies Stock Performance

ARLO traded up $0.55 during trading on Monday, hitting $17.33. The stock had a trading volume of 956,188 shares, compared to its average volume of 885,114. The company has a market capitalization of $1.80 billion, a PE ratio of -69.32 and a beta of 2.01. Arlo Technologies, Inc. has a twelve month low of $7.84 and a twelve month high of $17.64. The stock has a 50 day simple moving average of $11.34 and a two-hundred day simple moving average of $11.51.

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. The firm had revenue of $119.07 million during the quarter, compared to the consensus estimate of $118.35 million. Arlo Technologies had a negative return on equity of 24.14% and a negative net margin of 4.76%. The company's revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. On average, equities research analysts anticipate that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ARLO shares. Craig Hallum increased their price target on Arlo Technologies from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Roth Capital set a $22.00 price target on Arlo Technologies in a report on Friday, February 28th. Finally, BWS Financial restated a "buy" rating and issued a $24.00 price target on shares of Arlo Technologies in a research report on Monday.

Insiders Place Their Bets

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 157,851 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 $1,689,005.70. Following the transaction, the chief executive officer now directly owns 2,558,425 shares of the company's stock, valued at $27,375,147.50. This trade represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $1,975,102.30. Following the completion of the transaction, the chief financial officer now directly owns 977,457 shares of the company's stock, valued at approximately $10,458,789.90. This represents a 15.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 642,652 shares of company stock worth $6,774,031. Company insiders own 5.20% of the company's stock.

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.