Westwood Holdings Group Inc. Purchases 24,623 Shares of Arlo Technologies, Inc. (NYSE:ARLO)

Westwood Holdings Group Inc. lifted its holdings in Arlo Technologies, Inc. (NYSE:ARLO) by 11.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 241,513 shares of the company’s stock after purchasing an additional 24,623 shares during the period. Westwood Holdings Group Inc. owned about 0.25% of Arlo Technologies worth $3,055,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cetera Advisors LLC acquired a new stake in Arlo Technologies during the first quarter valued at $421,000. Swedbank AB acquired a new position in Arlo Technologies during the 1st quarter worth approximately $6,958,000. Price T Rowe Associates Inc. MD lifted its position in shares of Arlo Technologies by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 66,551 shares of the company’s stock worth $842,000 after buying an additional 3,242 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in Arlo Technologies by 3.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 133,696 shares of the company’s stock valued at $1,691,000 after purchasing an additional 4,078 shares during the last quarter. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of Arlo Technologies in the 1st quarter worth $391,000. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Insiders Place Their Bets

In other Arlo Technologies news, Director Amy M. Rothstein sold 25,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $13.37, for a total value of $334,250.00. Following the sale, the director now owns 76,271 shares in the company, valued at approximately $1,019,743.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Amy M. Rothstein sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $13.37, for a total value of $334,250.00. Following the transaction, the director now owns 76,271 shares in the company, valued at $1,019,743.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy M. Rothstein sold 15,000 shares of Arlo Technologies stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $14.83, for a total value of $222,450.00. Following the sale, the director now owns 75,032 shares in the company, valued at $1,112,724.56. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Arlo Technologies Trading Down 5.5 %

Shares of NYSE ARLO traded down $0.80 during mid-day trading on Friday, reaching $13.80. 1,023,104 shares of the company’s stock were exchanged, compared to its average volume of 1,008,569. The business has a fifty day simple moving average of $14.34 and a 200 day simple moving average of $12.11. Arlo Technologies, Inc. has a twelve month low of $7.77 and a twelve month high of $17.64. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -76.66 and a beta of 1.83.

Arlo Technologies (NYSE:ARLO) last issued its earnings results on Thursday, May 9th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.05). The business had revenue of $124.20 million for the quarter, compared to the consensus estimate of $124.06 million. Arlo Technologies had a negative return on equity of 16.71% and a negative net margin of 3.46%. Equities research analysts predict that Arlo Technologies, Inc. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ARLO has been the topic of several analyst reports. Roth Mkm raised their price target on shares of Arlo Technologies from $16.50 to $18.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. BWS Financial reiterated a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a research note on Tuesday, July 9th. Finally, Craig Hallum upped their price objective on shares of Arlo Technologies from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, May 10th.

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.