D.A. Davidson & CO. Purchases 1,018 Shares of Arlo Technologies, Inc. (NYSE:ARLO)

D.A. Davidson & CO. raised its position in Arlo Technologies, Inc. (NYSE:ARLO) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,914 shares of the company’s stock after purchasing an additional 1,018 shares during the period. D.A. Davidson & CO. owned approximately 0.09% of Arlo Technologies worth $1,029,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of ARLO. Hennessy Advisors Inc. increased its stake in Arlo Technologies by 9.6% during 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 in the last quarter. Quest Partners LLC lifted its stake in Arlo Technologies by 283.0% in the third quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock valued at $31,000 after buying an additional 1,882 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Arlo Technologies by 9.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,978 shares of the company’s stock valued at $302,000 after buying an additional 2,253 shares during the period. Sanctuary Advisors LLC increased its position in shares of Arlo Technologies by 5.0% during the fourth quarter. Sanctuary Advisors LLC now owns 47,559 shares of the company’s stock worth $555,000 after acquiring an additional 2,284 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Arlo Technologies by 13.5% during the third quarter. Harbor Capital Advisors Inc. now owns 21,181 shares of the company’s stock worth $257,000 after acquiring an additional 2,520 shares during the period. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ARLO shares. Craig Hallum cut their price objective on shares of Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. BWS Financial restated a “buy” rating and issued a $24.00 price target on shares of Arlo Technologies in a report on Friday, November 8th.

Insider Activity at Arlo Technologies

In other news, CEO Matthew Blake Mcrae sold 46,866 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $11.66, for a total value of $546,457.56. Following the completion of the transaction, the chief executive officer now owns 3,161,472 shares in the company, valued at $36,862,763.52. This trade represents a 1.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Brian Busse sold 9,007 shares of Arlo Technologies stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $11.66, for a total value of $105,021.62. Following the completion of the sale, the general counsel now directly owns 602,458 shares in the company, valued at approximately $7,024,660.28. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 488,565 shares of company stock valued at $5,629,360. Corporate insiders own 3.80% of the company’s stock.

Arlo Technologies Stock Up 1.9 %

NYSE ARLO opened at $11.46 on Monday. The firm’s 50 day moving average is $11.60 and its 200-day moving average is $11.67. The company has a market capitalization of $1.15 billion, a PE ratio of -45.82 and a beta of 1.77. Arlo Technologies, Inc. has a 12-month low of $8.63 and a 12-month high of $17.64.

Arlo Technologies 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.