AWM Investment Company Inc. Acquires 209,596 Shares of Arlo Technologies, Inc. (NYSE:ARLO)

AWM Investment Company Inc. grew its stake in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 168.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ARLO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Arlo Technologies by 47.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,355 shares of the company's stock valued at $1,985,000 after purchasing an additional 56,799 shares during the period. Westwood Holdings Group Inc. boosted its position in shares of Arlo Technologies by 38.4% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,474,778 shares of the company's stock worth $16,503,000 after purchasing an additional 409,489 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Arlo Technologies by 213.0% in the 4th quarter. Squarepoint Ops LLC now owns 178,672 shares of the company's stock valued at $1,999,000 after buying an additional 121,582 shares during the period. Two Sigma Advisers LP acquired a new stake in Arlo Technologies during the 4th quarter worth $166,000. Finally, Sherbrooke Park Advisers LLC raised its stake in Arlo Technologies by 76.3% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 24,813 shares of the company's stock worth $278,000 after buying an additional 10,741 shares during the period. 83.18% of the stock is currently owned by institutional investors.

Arlo Technologies Price Performance

Arlo Technologies stock traded down $0.29 during trading hours on Monday, hitting $13.28. The company had a trading volume of 481,657 shares, compared to its average volume of 879,034. The firm has a 50-day moving average of $10.53 and a 200 day moving average of $11.31. The firm has a market cap of $1.38 billion, a PE ratio of -53.12 and a beta of 1.81. Arlo Technologies, Inc. has a one year low of $7.84 and a one year high of $17.64.

Arlo Technologies (NYSE:ARLO - Get Free Report) last announced its 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. The company had revenue of $119.07 million during the quarter, compared to analysts' expectations of $118.35 million. Arlo Technologies had a negative net margin of 4.76% and a negative return on equity of 24.14%. Arlo Technologies's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 earnings per share. As a group, research analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

ARLO has been the subject of several recent analyst reports. Craig Hallum increased their price target on Arlo Technologies from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Roth Capital set a $22.00 price objective on shares of Arlo Technologies in a research note on Friday, February 28th. Finally, BWS Financial reissued a "buy" rating and issued a $24.00 price objective on shares of Arlo Technologies in a research report on Thursday, April 24th.

Insider Buying and Selling at Arlo Technologies

In other Arlo Technologies news, General Counsel Brian Busse sold 21,367 shares of the business's stock in a transaction 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 sale, the general counsel now owns 656,785 shares of the company's stock, valued at approximately $6,810,860.45. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew Blake Mcrae sold 259,227 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 2,945,905 shares of the company's stock, valued at $35,439,237.15. The trade was a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,147,062 shares of company stock valued at $12,620,137 in the last ninety days. 5.20% of the stock is currently owned by company insiders.

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.