Susquehanna Fundamental Investments LLC Invests $499,000 in Arlo Technologies, Inc. (NYSE:ARLO)

Susquehanna Fundamental Investments LLC bought a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 44,575 shares of the company's stock, valued at approximately $499,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Arlo Technologies by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 9,821,417 shares of the company's stock worth $109,902,000 after purchasing an additional 166,823 shares during the last quarter. Brandes Investment Partners LP grew its position in Arlo Technologies by 7.0% in the fourth quarter. Brandes Investment Partners LP now owns 5,732,547 shares of the company's stock valued at $64,147,000 after acquiring an additional 375,903 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Arlo Technologies by 21.1% in the fourth quarter. Wasatch Advisors LP now owns 4,537,333 shares of the company's stock worth $50,773,000 after acquiring an additional 790,549 shares during the last quarter. Geode Capital Management LLC increased its position in Arlo Technologies by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,219,076 shares of the company's stock worth $24,838,000 after purchasing an additional 26,803 shares in the last quarter. Finally, Emerald Advisers LLC lifted its stake in Arlo Technologies by 116.9% in the 4th quarter. Emerald Advisers LLC now owns 1,666,482 shares of the company's stock valued at $18,648,000 after purchasing an additional 898,167 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors.

Insider Activity at Arlo Technologies

In related news, CEO Matthew Blake Mcrae sold 26,435 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.50, for a total value of $304,002.50. Following the sale, the chief executive officer now directly owns 3,205,132 shares of the company's stock, valued at $36,859,018. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kurtis Joseph Binder sold 184,589 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $10.70, for a total value of $1,975,102.30. Following the transaction, the chief financial officer now directly owns 977,457 shares of the company's stock, valued at $10,458,789.90. This represents a 15.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 916,182 shares of company stock valued at $10,238,986. Corporate insiders own 5.20% of the company's stock.

Arlo Technologies Stock Performance

Arlo Technologies stock traded up $1.62 during midday trading on Friday, hitting $12.26. 807,035 shares of the company's stock were exchanged, compared to its average volume of 899,673. The stock has a 50-day moving average price of $10.02 and a two-hundred day moving average price of $11.11. Arlo Technologies, Inc. has a 52-week low of $7.84 and a 52-week high of $17.64. The company has a market cap of $1.27 billion, a P/E ratio of -49.04 and a beta of 1.81.

Analyst Ratings Changes

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

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.