Vanguard Group Inc. Raises Stock Position in Arlo Technologies, Inc. (NYSE:ARLO)

Vanguard Group Inc. boosted its holdings in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,504,819 shares of the company's stock after purchasing an additional 451,236 shares during the quarter. Vanguard Group Inc. owned 10.04% of Arlo Technologies worth $97,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quilter Plc acquired a new position in shares of Arlo Technologies during the first quarter worth $1,946,280,000. First Capital Advisors Group LLC. acquired a new position in Arlo Technologies in the second quarter valued at approximately $34,000. Osaic Holdings Inc. boosted its holdings in shares of Arlo Technologies by 136.2% during the 2nd quarter. Osaic Holdings Inc. now owns 3,375 shares of the company's stock worth $37,000 after buying an additional 1,946 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Arlo Technologies during the 3rd quarter worth approximately $38,000. Finally, FMR LLC increased its stake in shares of Arlo Technologies by 83.7% in the 1st quarter. FMR LLC now owns 4,979 shares of the company's stock valued at $30,000 after acquiring an additional 2,269 shares in the last quarter. 83.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Arlo Technologies news, General Counsel Brian Busse sold 42,161 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $10.97, for a total value of $462,506.17. Following the completion of the transaction, the general counsel now owns 661,878 shares of the company's stock, valued at approximately $7,260,801.66. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Arlo Technologies news, Director Miller Joycelyn Carter sold 32,000 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $9.04, for a total value of $289,280.00. Following the completion of the sale, the director now owns 127,012 shares of the company's stock, valued at $1,148,188.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Brian Busse sold 42,161 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $10.97, for a total transaction of $462,506.17. Following the transaction, the general counsel now owns 661,878 shares in the company, valued at $7,260,801.66. The disclosure for this sale can be found here. Insiders have sold a total of 362,386 shares of company stock worth $3,947,459 over the last ninety days. Company insiders own 2.90% of the company's stock.

Arlo Technologies Stock Down 0.4 %

ARLO traded down $0.04 during midday trading on Friday, hitting $11.69. The company had a trading volume of 590,000 shares, compared to its average volume of 1,028,001. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -48.69 and a beta of 1.86. The stock's 50 day moving average price is $10.57 and its 200 day moving average price is $9.71. Arlo Technologies, Inc. has a 52 week low of $6.18 and a 52 week high of $13.34.

Arlo Technologies (NYSE:ARLO - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.04. Arlo Technologies had a negative return on equity of 22.27% and a negative net margin of 4.49%. The business had revenue of $135.09 million for the quarter, compared to the consensus estimate of $135.05 million. Research analysts predict that Arlo Technologies, Inc. will post -0.06 EPS for the current year.

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.