Susquehanna Fundamental Investments LLC Purchases New Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

Susquehanna Fundamental Investments LLC acquired a new stake in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 44,575 shares of the company's stock, valued at approximately $499,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Arlo Technologies by 104.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,331 shares of the company's stock worth $26,000 after acquiring an additional 1,191 shares during the period. KBC Group NV raised its holdings in Arlo Technologies by 106.8% in the 4th quarter. KBC Group NV now owns 6,167 shares of the company's stock valued at $69,000 after acquiring an additional 3,185 shares during the last quarter. Ieq Capital LLC acquired a new stake in shares of Arlo Technologies in the fourth quarter worth approximately $121,000. Hennessy Advisors Inc. raised its holdings in shares of Arlo Technologies by 9.6% in the 4th quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company's stock worth $124,000 after purchasing an additional 965 shares during the period. Finally, Balboa Wealth Partners acquired a new stake in shares of Arlo Technologies in the fourth quarter worth $129,000. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Arlo Technologies Stock Performance

Shares of NYSE ARLO traded up $0.02 during trading on Wednesday, hitting $10.36. The company had a trading volume of 598,312 shares, compared to its average volume of 900,846. Arlo Technologies, Inc. has a 52 week low of $7.84 and a 52 week high of $17.64. The business's 50-day moving average is $10.13 and its 200 day moving average is $11.12. The company has a market cap of $1.07 billion, a P/E ratio of -41.44 and a beta of 1.81.

Insider Activity

In other news, CFO Kurtis Joseph Binder sold 12,155 shares of Arlo Technologies stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.50, for a total transaction of $139,782.50. Following the completion of the sale, the chief financial officer now directly owns 837,906 shares in the company, valued at $9,635,919. The trade was a 1.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Brian Busse sold 17,669 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $11.11, for a total value of $196,302.59. Following the completion of the transaction, the general counsel now owns 606,832 shares in the company, valued at $6,741,903.52. This represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 916,182 shares of company stock valued at $10,238,986 over the last three months. Insiders own 3.80% of the company's stock.

Wall Street Analyst Weigh In

ARLO has been the topic of several recent research reports. Craig Hallum boosted 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 set 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 report on Friday, February 28th.

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.