Rice Hall James & Associates LLC Raises Stake in Arlo Technologies, Inc. (NYSE:ARLO)

Rice Hall James & Associates LLC lifted its position in Arlo Technologies, Inc. (NYSE:ARLO) by 0.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,070,874 shares of the company’s stock after buying an additional 1,398 shares during the period. Arlo Technologies comprises 2.5% of Rice Hall James & Associates LLC’s portfolio, making the stock its 5th largest holding. Rice Hall James & Associates LLC owned about 4.06% of Arlo Technologies worth $45,553,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of Arlo Technologies by 234.5% in the third quarter. Barclays PLC now owns 185,281 shares of the company’s stock worth $2,244,000 after buying an additional 129,889 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Arlo Technologies by 26.7% in the third quarter. Lord Abbett & CO. LLC now owns 1,029,209 shares of the company’s stock worth $12,463,000 after buying an additional 216,870 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in Arlo Technologies by 18.0% during the third quarter. Mutual of America Capital Management LLC now owns 716,280 shares of the company’s stock valued at $8,674,000 after purchasing an additional 109,200 shares during the period. GSA Capital Partners LLP bought a new position in Arlo Technologies during the third quarter valued at approximately $1,309,000. Finally, Raymond James & Associates lifted its position in Arlo Technologies by 15.4% during the third quarter. Raymond James & Associates now owns 415,506 shares of the company’s stock valued at $5,032,000 after purchasing an additional 55,580 shares during the period. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Trading Up 0.7 %

ARLO opened at $11.57 on Tuesday. Arlo Technologies, Inc. has a 1-year low of $8.56 and a 1-year high of $17.64. The company has a market capitalization of $1.16 billion, a PE ratio of -46.26 and a beta of 1.77. The firm’s 50 day simple moving average is $11.72 and its two-hundred day simple moving average is $11.72.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ARLO shares. BWS Financial restated a “buy” rating and set a $24.00 price objective on shares of Arlo Technologies in a research report on Friday, November 8th. Craig Hallum lowered 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.

Insiders Place Their Bets

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 46,866 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $11.66, for a total value of $546,457.56. Following the transaction, the chief executive officer now directly owns 3,161,472 shares in the company, valued at approximately $36,862,763.52. This trade represents a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Brian Busse sold 17,669 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $11.11, for a total transaction of $196,302.59. Following the completion of the transaction, the general counsel now owns 606,832 shares in the company, valued at $6,741,903.52. The trade was a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 488,565 shares of company stock worth $5,629,360. Company 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.