Thompson Siegel & Walmsley LLC Cuts Stake in Arlo Technologies, Inc. (NYSE:ARLO)

Thompson Siegel & Walmsley LLC lessened its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 2.4% in the 3rd quarter, Holdings Channel reports. The firm owned 444,211 shares of the company’s stock after selling 11,128 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Arlo Technologies were worth $5,379,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ARLO. Chilton Capital Management LLC acquired a new position in shares of Arlo Technologies during the second quarter valued at approximately $33,000. Quest Partners LLC raised its stake in Arlo Technologies by 283.0% in the 3rd quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock valued at $31,000 after purchasing an additional 1,882 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Arlo Technologies by 34.9% in the 2nd quarter. GAMMA Investing LLC now owns 3,246 shares of the company’s stock valued at $42,000 after purchasing an additional 840 shares in the last quarter. CWM LLC lifted its holdings in Arlo Technologies by 90.5% in the 2nd quarter. CWM LLC now owns 3,742 shares of the company’s stock valued at $49,000 after purchasing an additional 1,778 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Arlo Technologies during the 2nd quarter worth $62,000. 83.18% of the stock is owned by hedge funds and other institutional investors.

Arlo Technologies Price Performance

Shares of ARLO stock opened at $11.89 on Friday. The firm’s 50-day moving average is $11.41 and its two-hundred day moving average is $12.66. Arlo Technologies, Inc. has a 12 month low of $8.33 and a 12 month high of $17.64. The company has a market capitalization of $1.19 billion, a PE ratio of -47.56 and a beta of 1.78.

Analyst Upgrades and Downgrades

ARLO has been the topic of a number of research reports. Craig Hallum decreased their target price on shares of Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. BWS Financial reiterated a “buy” rating and set a $24.00 price objective on shares of Arlo Technologies in a research report on Friday, November 8th.

Insider Activity

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 7,098 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $11.94, for a total value of $84,750.12. Following the transaction, the chief financial officer now owns 892,595 shares of the company’s stock, valued at $10,657,584.30. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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.