Invesco Ltd. Has $3.93 Million Position in Arlo Technologies, Inc. (NYSE:ARLO)

Invesco Ltd. decreased its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 351,555 shares of the company's stock after selling 64,400 shares during the period. Invesco Ltd. owned about 0.35% of Arlo Technologies worth $3,934,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Emerald Advisers LLC boosted its position in Arlo Technologies by 116.9% in the fourth quarter. Emerald Advisers LLC now owns 1,666,482 shares of the company's stock valued at $18,648,000 after buying an additional 898,167 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Arlo Technologies during the 4th quarter valued at $4,586,000. Brandes Investment Partners LP raised its position in Arlo Technologies by 7.0% in the 4th quarter. Brandes Investment Partners LP now owns 5,732,547 shares of the company's stock valued at $64,147,000 after purchasing an additional 375,903 shares during the last quarter. Wellington Management Group LLP acquired a new position in Arlo Technologies in the fourth quarter worth $4,050,000. Finally, Royce & Associates LP grew its holdings in shares of Arlo Technologies by 16.3% during the fourth quarter. Royce & Associates LP now owns 1,637,080 shares of the company's stock worth $18,319,000 after purchasing an additional 229,450 shares during the last quarter. 83.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling at Arlo Technologies

In other Arlo Technologies news, General Counsel Brian Busse sold 26,258 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $10.70, for a total transaction of $280,960.60. Following the transaction, the general counsel now owns 636,485 shares in the company, valued at approximately $6,810,389.50. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Blake Mcrae sold 59,316 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $11.43, for a total value of $677,981.88. Following the completion of the sale, the chief executive officer now directly owns 3,128,696 shares of the company's stock, valued at approximately $35,760,995.28. This trade represents a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 986,973 shares of company stock valued at $11,048,127. 3.80% of the stock is currently owned by insiders.

Arlo Technologies Stock Performance

Arlo Technologies stock traded up $0.21 during trading hours on Friday, reaching $10.30. 65,029 shares of the company's stock traded hands, compared to its average volume of 903,616. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -41.24 and a beta of 1.71. Arlo Technologies, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $17.64. The firm's 50 day moving average is $10.22 and its 200-day moving average is $11.16.

Arlo Technologies 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.