Arlo Technologies, Inc. (NYSE:ARLO) CEO Sells $1,689,005.70 in Stock

Arlo Technologies, Inc. (NYSE:ARLO) CEO Matthew Blake Mcrae sold 157,851 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $10.70, for a total transaction of $1,689,005.70. Following the transaction, the chief executive officer now owns 2,558,425 shares in the company, valued at $27,375,147.50. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Matthew Blake Mcrae also recently made the following trade(s):

• On Monday, March 10th, Matthew Blake Mcrae sold 200,000 shares of Arlo Technologies stock. The stock was sold at an average price of $11.04, for a total transaction of $2,208,000.00.
• On Thursday, March 6th, Matthew Blake Mcrae sold 259,227 shares of Arlo Technologies stock. The shares were sold at an average price of $12.03, for a total value of $3,118,500.81.
• On Tuesday, March 4th, Matthew Blake Mcrae sold 26,435 shares of Arlo Technologies stock. The shares were sold at an average price of $11.50, for a total value of $304,002.50.
• On Wednesday, February 5th, Matthew Blake Mcrae sold 59,316 shares of Arlo Technologies stock. The shares were sold at an average price of $11.43, for a total value of $677,981.88.
• On Wednesday, January 29th, Matthew Blake Mcrae sold 46,866 shares of Arlo Technologies stock. The stock was sold at an average price of $11.66, for a total value of $546,457.56.

Arlo Technologies Trading Up 1.4 %

Shares of ARLO opened at $10.71 on Thursday. The stock has a market cap of $1.10 billion, a P/E ratio of -42.84 and a beta of 1.66. Arlo Technologies, Inc. has a 1 year low of $9.92 and a 1 year high of $17.64. The stock’s 50-day moving average price is $11.50 and its two-hundred day moving average price is $11.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ARLO. Emerald Advisers LLC increased its stake in Arlo Technologies by 116.9% in the fourth 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 in the last quarter. Wasatch Advisors LP increased its position in shares of Arlo Technologies by 21.1% in the 4th quarter. Wasatch Advisors LP now owns 4,537,333 shares of the company’s stock valued at $50,773,000 after buying an additional 790,549 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Arlo Technologies during the 4th quarter worth $4,586,000. Westwood Holdings Group Inc. lifted its holdings in Arlo Technologies by 38.4% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,474,778 shares of the company’s stock worth $16,503,000 after acquiring an additional 409,489 shares in the last quarter. Finally, Brandes Investment Partners LP grew its stake 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 period. Institutional investors own 83.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. BWS Financial reaffirmed a “buy” rating and issued a $24.00 target price on shares of Arlo Technologies in a research note on Friday, February 28th. Roth Capital set a $22.00 price objective on shares of Arlo Technologies in a report on Friday, February 28th. Finally, Craig Hallum lifted their target price on shares of Arlo Technologies from $15.00 to $17.00 and gave the stock a “buy” rating in a report 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.