Universal Beteiligungs und Servicegesellschaft mbH Makes New $661,000 Investment in Arlo Technologies, Inc. (NYSE:ARLO)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Arlo Technologies, purchasing 66,989 shares valued at approximately $661,000, representing about 0.06% ownership of the company.
• Several institutional investors, including Hsbc Holdings PLC and GAMMA Investing LLC, have recently increased their positions in Arlo Technologies, indicating strong institutional interest in the stock.
• Arlo Technologies reported earnings of $0.15 per share in its latest quarter, topping analysts' estimates, despite a 4.1% decline in revenue compared to the previous year.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 66,989 shares of the company's stock, valued at approximately $661,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Arlo Technologies at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ARLO. Hsbc Holdings PLC grew its stake in Arlo Technologies by 9.7% during the 4th quarter. Hsbc Holdings PLC now owns 12,470 shares of the company's stock worth $140,000 after buying an additional 1,103 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in Arlo Technologies by 3.3% during the 1st quarter. OneDigital Investment Advisors LLC now owns 36,262 shares of the company's stock worth $358,000 after buying an additional 1,154 shares during the last quarter. California State Teachers Retirement System grew its stake in Arlo Technologies by 1.3% during the 4th quarter. California State Teachers Retirement System now owns 93,320 shares of the company's stock worth $1,044,000 after buying an additional 1,232 shares during the last quarter. GAMMA Investing LLC grew its stake in Arlo Technologies by 40.9% during the 1st quarter. GAMMA Investing LLC now owns 7,212 shares of the company's stock worth $71,000 after buying an additional 2,095 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in Arlo Technologies by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 58,223 shares of the company's stock worth $652,000 after buying an additional 3,221 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors.

Arlo Technologies Stock Performance

Shares of NYSE ARLO traded up $0.14 during trading hours on Wednesday, hitting $16.20. The stock had a trading volume of 268,182 shares, compared to its average volume of 995,035. The company has a market capitalization of $1.68 billion, a P/E ratio of -73.66 and a beta of 1.85. The firm's 50-day moving average price is $16.37 and its two-hundred day moving average price is $12.91. Arlo Technologies, Inc. has a 52 week low of $7.84 and a 52 week high of $17.98.

Arlo Technologies (NYSE:ARLO - Get Free Report) last announced 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. Arlo Technologies had a negative return on equity of 21.67% and a negative net margin of 4.29%. The firm had revenue of $119.07 million during the quarter, compared to analyst estimates of $118.35 million. During the same period last year, the company earned $0.09 earnings per share. The company's revenue was down 4.1% on a year-over-year basis. As a group, analysts expect that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Arlo Technologies

In related news, CEO Matthew Blake Mcrae sold 25,380 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $16.56, for a total value of $420,292.80. Following the sale, the chief executive officer owned 1,461,705 shares in the company, valued at $24,205,834.80. This represents a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Brian Busse sold 21,367 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $10.37, for a total transaction 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. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,589,422 shares of company stock valued at $25,306,428 in the last three months. Corporate insiders own 3.80% of the company's stock.

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.