AWM Investment Company Inc. Boosts Stake in Arlo Technologies, Inc. (NYSE:ARLO)

AWM Investment Company Inc. lifted its position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 168.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 334,166 shares of the company's stock after purchasing an additional 209,596 shares during the quarter. AWM Investment Company Inc. owned about 0.33% of Arlo Technologies worth $3,739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARLO. Barclays PLC grew its position in shares of Arlo Technologies by 234.5% in the 3rd quarter. Barclays PLC now owns 185,281 shares of the company's stock worth $2,244,000 after buying an additional 129,889 shares during the period. Sanctuary Advisors LLC grew 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 worth $555,000 after buying an additional 2,284 shares during the last quarter. Amundi increased its position in Arlo Technologies by 163.1% during the 4th quarter. Amundi now owns 102,633 shares of the company's stock valued at $1,218,000 after buying an additional 63,622 shares in the last quarter. Ieq Capital LLC purchased a new position in Arlo Technologies during the fourth quarter valued at $121,000. Finally, Swedbank AB grew its stake in shares of Arlo Technologies by 9.1% in the fourth quarter. Swedbank AB now owns 1,200,000 shares of the company's stock worth $13,428,000 after acquiring an additional 100,000 shares during the last quarter. 83.18% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 26,435 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.50, for a total value of $304,002.50. Following the transaction, the chief executive officer now directly owns 3,205,132 shares in the company, valued at approximately $36,859,018. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Brian Busse sold 21,367 shares of Arlo Technologies stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $10.37, for a total transaction of $221,575.79. Following the transaction, the general counsel now owns 656,785 shares in the company, valued at $6,810,860.45. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,147,062 shares of company stock worth $12,620,137 in the last ninety days. Insiders own 5.20% of the company's stock.

Analyst Upgrades and Downgrades

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

Arlo Technologies Price Performance

Shares of NYSE:ARLO opened at $13.62 on Wednesday. Arlo Technologies, Inc. has a 1 year low of $7.84 and a 1 year high of $17.64. The company has a market cap of $1.41 billion, a P/E ratio of -54.48 and a beta of 1.81. The stock's fifty day moving average price is $10.36 and its 200-day moving average price is $11.27.

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

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.

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