Deutsche Bank AG Has $931,000 Stock Position in Arlo Technologies, Inc. (NYSE:ARLO)

Deutsche Bank AG raised its position in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 47.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,197 shares of the company's stock after purchasing an additional 26,957 shares during the quarter. Deutsche Bank AG owned 0.08% of Arlo Technologies worth $931,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of Arlo Technologies by 104.5% during the fourth 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 in the last quarter. KBC Group NV lifted its stake in shares of Arlo Technologies by 106.8% during the fourth quarter. KBC Group NV now owns 6,167 shares of the company's stock worth $69,000 after buying an additional 3,185 shares during the period. Ieq Capital LLC acquired a new stake in shares of Arlo Technologies during the fourth quarter worth $121,000. Balboa Wealth Partners purchased a new position in shares of Arlo Technologies during the fourth quarter worth $129,000. Finally, Bank of Montreal Can purchased a new position in shares of Arlo Technologies during the fourth quarter worth $130,000. 83.18% of the stock is owned by hedge funds and other institutional investors.

Arlo Technologies Stock Up 4.9%

NYSE:ARLO traded up $0.67 during trading hours on Friday, reaching $14.42. 1,930,897 shares of the company's stock were exchanged, compared to its average volume of 874,709. Arlo Technologies, Inc. has a 1-year low of $7.84 and a 1-year high of $17.64. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -57.68 and a beta of 1.81. The company has a 50-day moving average of $10.83 and a 200 day moving average of $11.38.

Arlo Technologies (NYSE:ARLO - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $118.35 million. Arlo Technologies had a negative net margin of 4.76% and a negative return on equity of 24.14%. The firm's revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Research analysts forecast that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Craig Hallum raised their target price on shares of Arlo Technologies from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 28th. BWS Financial reaffirmed a "buy" rating and issued a $24.00 price objective on shares of Arlo Technologies in a 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.

Insiders Place Their Bets

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 25,405 shares of Arlo Technologies stock in a transaction dated 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 transaction, the chief executive officer now owns 2,580,370 shares in the company, valued at approximately $25,545,663. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $221,575.79. Following the completion of the transaction, the general counsel now directly owns 656,785 shares of the company's stock, valued at approximately $6,810,860.45. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,147,062 shares of company stock worth $12,620,137. Insiders own 5.20% of the company's stock.

About Arlo Technologies

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.