Deutsche Bank AG Raises Stake in Arlo Technologies, Inc. (NYSE:ARLO)

Deutsche Bank AG grew its stake in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 47.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,197 shares of the company's stock after buying an additional 26,957 shares during the period. Deutsche Bank AG owned approximately 0.08% of Arlo Technologies worth $931,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its stake in shares of Arlo Technologies by 234.5% in the 3rd quarter. Barclays PLC now owns 185,281 shares of the company's stock valued at $2,244,000 after purchasing an additional 129,889 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Arlo Technologies by 5.0% in the 4th quarter. Sanctuary Advisors LLC now owns 47,559 shares of the company's stock valued at $555,000 after purchasing an additional 2,284 shares in the last quarter. Amundi boosted its stake in shares of Arlo Technologies by 163.1% in the 4th quarter. Amundi now owns 102,633 shares of the company's stock valued at $1,218,000 after purchasing an additional 63,622 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of Arlo Technologies in the 4th quarter valued at $121,000. Finally, Swedbank AB boosted its stake in shares of Arlo Technologies by 9.1% in the 4th quarter. Swedbank AB now owns 1,200,000 shares of the company's stock valued at $13,428,000 after purchasing an additional 100,000 shares in the last quarter. Hedge funds and other institutional investors own 83.18% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Craig Hallum upped their price objective on shares of Arlo Technologies from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, February 28th. BWS Financial reissued a "buy" rating and set a $24.00 price target on shares of Arlo Technologies in a research report on Thursday, April 24th. Finally, Roth Capital set a $22.00 price target on shares of Arlo Technologies in a research report on Friday, February 28th.

Arlo Technologies Price Performance

ARLO traded up $0.22 during trading on Thursday, hitting $13.77. 737,249 shares of the stock traded hands, compared to its average volume of 875,425. The firm has a market capitalization of $1.43 billion, a P/E ratio of -55.08 and a beta of 1.81. The firm has a 50-day moving average of $10.70 and a 200 day moving average of $11.35. Arlo Technologies, Inc. has a 12-month low of $7.84 and a 12-month high of $17.64.

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

Insider Buying and Selling at Arlo Technologies

In related news, CEO Matthew Blake Mcrae sold 259,227 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $12.03, for a total value of $3,118,500.81. Following the transaction, the chief executive officer now owns 2,945,905 shares of the company's stock, valued at approximately $35,439,237.15. This trade represents a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Brian Busse sold 6,593 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.50, for a total transaction of $75,819.50. Following the sale, the general counsel now owns 612,743 shares in the company, valued at approximately $7,046,544.50. The trade was a 1.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,147,062 shares of company stock worth $12,620,137. 5.20% of the stock is owned by corporate insiders.

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.