Y Intercept Hong Kong Ltd Invests $386,000 in Arlo Technologies, Inc. (NYSE:ARLO)

Y Intercept Hong Kong Ltd acquired a new position in Arlo Technologies, Inc. (NYSE:ARLO) in the 3rd quarter, HoldingsChannel reports. The fund acquired 31,879 shares of the company’s stock, valued at approximately $386,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Chilton Capital Management LLC purchased a new stake in shares of Arlo Technologies during the second quarter worth $33,000. Quest Partners LLC lifted its holdings in Arlo Technologies by 283.0% during the 3rd quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock worth $31,000 after purchasing an additional 1,882 shares in the last quarter. CWM LLC boosted its stake in Arlo Technologies by 90.5% in the 2nd quarter. CWM LLC now owns 3,742 shares of the company’s stock worth $49,000 after purchasing an additional 1,778 shares during the period. GAMMA Investing LLC grew its holdings in Arlo Technologies by 35.7% during the 3rd quarter. GAMMA Investing LLC now owns 4,406 shares of the company’s stock valued at $53,000 after buying an additional 1,160 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Arlo Technologies during the second quarter valued at about $62,000. 83.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on ARLO. Craig Hallum cut their price objective on shares of Arlo Technologies from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, November 8th. BWS Financial restated a “buy” rating and set a $24.00 price target on shares of Arlo Technologies in a research report on Friday, November 8th.

Arlo Technologies Trading Up 3.7 %

Shares of NYSE ARLO opened at $12.85 on Tuesday. The business has a 50-day moving average of $11.63 and a 200-day moving average of $12.63. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -51.40 and a beta of 1.79. Arlo Technologies, Inc. has a 12 month low of $8.33 and a 12 month high of $17.64.

Insiders Place Their Bets

In related news, CEO Matthew Blake Mcrae sold 316,644 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.54, for a total value of $3,654,071.76. Following the completion of the transaction, the chief executive officer now directly owns 3,160,988 shares in the company, valued at approximately $36,477,801.52. The trade was a 9.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kurtis Joseph Binder sold 7,098 shares of the stock in a transaction 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 represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 351,330 shares of company stock valued at $4,057,187 in the last quarter. Corporate 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.