Susquehanna Fundamental Investments LLC Buys Shares of 44,575 Arlo Technologies, Inc. (NYSE:ARLO)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 44,575 shares of the company’s stock, valued at approximately $499,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its holdings in Arlo Technologies by 234.5% during the third quarter. Barclays PLC now owns 185,281 shares of the company’s stock valued at $2,244,000 after purchasing an additional 129,889 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Arlo Technologies by 5.0% during the 4th quarter. Sanctuary Advisors LLC now owns 47,559 shares of the company’s stock valued at $555,000 after buying an additional 2,284 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in Arlo Technologies by 26.7% in the 3rd 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 during the period. Amundi grew its stake in Arlo Technologies by 163.1% in the 4th quarter. Amundi now owns 102,633 shares of the company’s stock valued at $1,218,000 after buying an additional 63,622 shares in the last quarter. Finally, Ieq Capital LLC bought a new stake in Arlo Technologies during the 4th quarter valued at $121,000. Institutional investors own 83.18% of the company’s stock.

Wall Street Analysts Forecast Growth

ARLO has been the subject of a number of analyst reports. BWS Financial reaffirmed a “buy” rating and issued a $24.00 price target on shares of Arlo Technologies in a report on Thursday, April 24th. Roth Capital set a $22.00 target price on Arlo Technologies in a report on Friday, February 28th. Finally, Craig Hallum increased their price target 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.

Insider Buying and Selling at Arlo Technologies

In other news, CEO Matthew Blake Mcrae sold 59,316 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $11.43, for a total transaction of $677,981.88. Following the sale, the chief executive officer now owns 3,128,696 shares in the company, valued at approximately $35,760,995.28. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Brian Busse sold 6,593 shares of Arlo Technologies stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.50, for a total transaction of $75,819.50. Following the sale, the general counsel now directly owns 612,743 shares of the company’s stock, valued at $7,046,544.50. This represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 986,973 shares of company stock valued at $11,048,127 in the last 90 days. Corporate insiders own 3.80% of the company’s stock.

Arlo Technologies Stock Performance

Shares of ARLO stock opened at $10.36 on Friday. Arlo Technologies, Inc. has a 52-week low of $7.84 and a 52-week high of $17.64. The business’s fifty day moving average is $10.19 and its 200 day moving average is $11.14. The company has a market capitalization of $1.07 billion, a PE ratio of -41.44 and a beta of 1.81.

About Arlo Technologies

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.