38,454 Shares in Arlo Technologies, Inc. (NYSE:ARLO) Acquired by Olympiad Research LP

Olympiad Research LP bought a new stake in Arlo Technologies, Inc. (NYSE:ARLO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 38,454 shares of the company’s stock, valued at approximately $466,000.

Other hedge funds have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. bought a new stake in shares of Arlo Technologies during the first quarter worth $885,000. Lord Abbett & CO. LLC acquired a new position in Arlo Technologies during the 1st quarter worth approximately $8,282,000. Inspire Investing LLC bought a new position in shares of Arlo Technologies during the 1st quarter worth approximately $873,000. Swedbank AB raised its holdings in shares of Arlo Technologies by 45.5% in the second quarter. Swedbank AB now owns 800,000 shares of the company’s stock valued at $10,432,000 after purchasing an additional 250,000 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its position in shares of Arlo Technologies by 644.1% in the first quarter. Susquehanna Fundamental Investments LLC now owns 155,488 shares of the company’s stock worth $1,967,000 after purchasing an additional 134,591 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ARLO. BWS Financial restated a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a report on Friday, September 27th. Roth Mkm upped their target price on Arlo Technologies from $16.50 to $18.00 and gave the stock a “buy” rating in a report on Monday, July 22nd.

Arlo Technologies Stock Up 0.6 %

NYSE ARLO opened at $11.84 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -53.50 and a beta of 1.78. The company has a 50 day moving average of $11.35 and a 200-day moving average of $12.67. Arlo Technologies, Inc. has a 1-year low of $7.77 and a 1-year high of $17.64.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $127.45 million during the quarter, compared to the consensus estimate of $125.03 million. Arlo Technologies had a negative net margin of 4.19% and a negative return on equity of 20.75%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) earnings per share. On average, equities research analysts expect that Arlo Technologies, Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, Director Ralph E. Faison purchased 8,842 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $11.89 per share, for a total transaction of $105,131.38. Following the transaction, the director now owns 385,599 shares in the company, valued at $4,584,772.11. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Arlo Technologies news, Director Ralph E. Faison acquired 8,842 shares of the stock in a transaction dated Monday, August 12th. The stock was purchased at an average cost of $11.89 per share, with a total value of $105,131.38. Following the transaction, the director now owns 385,599 shares in the company, valued at approximately $4,584,772.11. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kurtis Joseph Binder sold 7,098 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $11.94, for a total value of $84,750.12. Following the completion of the transaction, the chief financial officer now directly owns 892,595 shares in the company, valued at approximately $10,657,584.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

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.