UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.99 Million Stock Position in Arlo Technologies, Inc. (NYSE:ARLO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 13F filing with the SEC. The institutional investor owned 177,355 shares of the company's stock after purchasing an additional 56,799 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Arlo Technologies worth $1,985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Emerald Advisers LLC grew its holdings in shares of Arlo Technologies by 116.9% in the 4th quarter. Emerald Advisers LLC now owns 1,666,482 shares of the company's stock worth $18,648,000 after acquiring an additional 898,167 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Arlo Technologies by 21.1% in the 4th quarter. Wasatch Advisors LP now owns 4,537,333 shares of the company's stock worth $50,773,000 after acquiring an additional 790,549 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Arlo Technologies in the 4th quarter worth $4,586,000. Westwood Holdings Group Inc. grew its holdings in shares of Arlo Technologies by 38.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,474,778 shares of the company's stock worth $16,503,000 after acquiring an additional 409,489 shares during the last quarter. Finally, Brandes Investment Partners LP grew its holdings in shares of Arlo Technologies by 7.0% in the 4th quarter. Brandes Investment Partners LP now owns 5,732,547 shares of the company's stock worth $64,147,000 after acquiring an additional 375,903 shares during the last quarter. 83.18% of the stock is owned by institutional investors.

Insider Buying and Selling at Arlo Technologies

In other news, CEO Matthew Blake Mcrae sold 157,851 shares of Arlo Technologies stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $10.70, for a total value of $1,689,005.70. Following the transaction, the chief executive officer now directly owns 2,558,425 shares in the company, valued at approximately $27,375,147.50. The trade was 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 business's stock in a transaction dated 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 transaction, the chief financial officer now owns 977,457 shares in the company, valued at $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. Insiders have sold a total of 642,652 shares of company stock worth $6,774,031 over the last three months. Corporate insiders own 5.20% of the company's stock.

Arlo Technologies Trading Down 0.4%

NYSE ARLO traded down $0.06 during trading on Wednesday, hitting $17.03. 1,293,548 shares of the company traded hands, compared to its average volume of 887,529. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $17.64. The business has a fifty day simple moving average of $11.84 and a 200 day simple moving average of $11.62. The company has a market capitalization of $1.77 billion, a P/E ratio of -68.11 and a beta of 2.01.

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

Analyst Ratings Changes

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

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.