18,307 Shares in Arlo Technologies, Inc. (NYSE:ARLO) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in Arlo Technologies, Inc. (NYSE:ARLOGet Rating) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 18,307 shares of the company’s stock, valued at approximately $115,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KBC Group NV purchased a new stake in Arlo Technologies in the 2nd quarter worth $46,000. Captrust Financial Advisors grew its holdings in shares of Arlo Technologies by 70.3% during the first quarter. Captrust Financial Advisors now owns 6,619 shares of the company’s stock worth $59,000 after buying an additional 2,732 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Arlo Technologies during the second quarter worth $68,000. Fox Run Management L.L.C. purchased a new stake in shares of Arlo Technologies during the first quarter worth $117,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Arlo Technologies during the second quarter worth $127,000. Hedge funds and other institutional investors own 73.77% of the company’s stock.

Insider Activity

In other news, CEO Matthew Blake Mcrae purchased 20,400 shares of the stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average price of $2.97 per share, with a total value of $60,588.00. Following the transaction, the chief executive officer now owns 1,724,039 shares in the company, valued at approximately $5,120,395.83. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Arlo Technologies Trading Up 3.8 %

Shares of ARLO stock opened at $3.85 on Monday. The company’s 50-day moving average price is $4.89 and its 200-day moving average price is $6.13. The stock has a market cap of $340.62 million, a price-to-earnings ratio of -8.19 and a beta of 1.67. Arlo Technologies, Inc. has a twelve month low of $2.93 and a twelve month high of $11.79.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ARLO shares. Raymond James dropped their target price on shares of Arlo Technologies from $14.00 to $11.00 and set an “outperform” rating for the company in a report on Wednesday, November 9th. BWS Financial dropped their target price on shares of Arlo Technologies from $15.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, November 9th.

Arlo Technologies Company Profile

(Get Rating)

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. It combines an intelligent cloud infrastructure and mobile app with various smart connected devices. The company offers Arlo essential indoor camera; Arlo Go 2 LTE/Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allows users to monitor their surroundings; and Arlo Go, an LTE-enabled wire-free camera that provides untethered mobile security.

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Institutional Ownership by Quarter for Arlo Technologies (NYSE:ARLO)

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