Arlo Technologies, Inc. (NYSE:ARLO) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,999,929 shares of the company's stock after selling 70,945 shares during the period. Arlo Technologies comprises about 2.3% of Rice Hall James & Associates LLC's portfolio, making the stock its 7th biggest position. Rice Hall James & Associates LLC owned about 3.90% of Arlo Technologies worth $39,479,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Arlo Technologies by 40.9% in the first quarter. GAMMA Investing LLC now owns 7,212 shares of the company's stock valued at $71,000 after purchasing an additional 2,095 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Arlo Technologies during the fourth quarter worth $130,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Arlo Technologies during the first quarter worth $123,000. Hsbc Holdings PLC lifted its holdings in shares of Arlo Technologies by 9.7% during the fourth quarter. Hsbc Holdings PLC now owns 12,470 shares of the company's stock worth $140,000 after purchasing an additional 1,103 shares during the period. Finally, Bridgefront Capital LLC acquired a new stake in Arlo Technologies in the fourth quarter valued at $141,000. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a "buy" rating and issued a $24.00 target price on shares of Arlo Technologies in a report on Monday, June 9th.

Insider Buying and Selling at Arlo Technologies

In other Arlo Technologies news, General Counsel Brian Busse sold 21,367 shares of Arlo Technologies stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $10.37, for a total value of $221,575.79. Following the completion of the sale, the general counsel owned 656,785 shares in the company, valued at $6,810,860.45. The trade was a 3.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew Blake Mcrae sold 113,322 shares of Arlo Technologies stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $17.22, for a total value of $1,951,404.84. Following the completion of the sale, the chief executive officer owned 1,439,735 shares of the company's stock, valued at $24,792,236.70. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,589,447 shares of company stock worth $25,137,645 in the last 90 days. 5.20% of the stock is owned by company insiders.

Arlo Technologies Trading Up 0.3%

Shares of ARLO stock traded up $0.05 during mid-day trading on Thursday, reaching $16.26. The stock had a trading volume of 1,285,169 shares, compared to its average volume of 914,087. The company has a market cap of $1.69 billion, a P/E ratio of -73.90 and a beta of 2.03. The business has a 50-day simple moving average of $15.65 and a 200 day simple moving average of $12.47. Arlo Technologies, Inc. has a 12-month low of $7.84 and a 12-month high of $17.98.

Arlo Technologies (NYSE:ARLO - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $118.35 million. Arlo Technologies had a negative return on equity of 21.67% and a negative net margin of 4.29%. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Research analysts anticipate that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

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.