Stoneridge Investment Partners LLC Has $279,000 Stake in Arlo Technologies, Inc. (NYSE:ARLO)

Stoneridge Investment Partners LLC lifted its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 20.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,954 shares of the company’s stock after acquiring an additional 4,193 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in Arlo Technologies were worth $279,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ARLO. Quest Partners LLC boosted its holdings in shares of Arlo Technologies by 283.0% during the third quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock worth $31,000 after acquiring an additional 1,882 shares during the period. GAMMA Investing LLC boosted its stake in Arlo Technologies by 35.7% in the 3rd quarter. GAMMA Investing LLC now owns 4,406 shares of the company’s stock valued at $53,000 after purchasing an additional 1,160 shares during the period. KBC Group NV grew its holdings in Arlo Technologies by 106.8% in the 4th quarter. KBC Group NV now owns 6,167 shares of the company’s stock valued at $69,000 after buying an additional 3,185 shares in the last quarter. Hennessy Advisors Inc. increased its position in Arlo Technologies by 9.6% during the 4th quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company’s stock worth $124,000 after buying an additional 965 shares during the period. Finally, Choreo LLC acquired a new stake in shares of Arlo Technologies during the fourth quarter worth $154,000. 83.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on ARLO. BWS Financial restated a “buy” rating and issued a $24.00 price target on shares of Arlo Technologies in a research note on Friday, November 8th. Craig Hallum lowered their target price on shares of Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, November 8th.

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 316,644 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.54, for a total transaction of $3,654,071.76. Following the completion of the transaction, the chief executive officer now owns 3,160,988 shares of the company’s stock, valued at approximately $36,477,801.52. The trade was a 9.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Brian Busse sold 27,588 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.54, for a total transaction of $318,365.52. Following the completion of the transaction, the general counsel now directly owns 611,465 shares of the company’s stock, valued at $7,056,306.10. This trade represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 470,896 shares of company stock valued at $5,433,058. Company insiders own 3.80% of the company’s stock.

Arlo Technologies Stock Performance

Shares of NYSE ARLO opened at $11.18 on Friday. The stock has a market capitalization of $1.12 billion, a P/E ratio of -44.72 and a beta of 1.77. The stock’s fifty day moving average is $11.86 and its 200 day moving average is $11.94. Arlo Technologies, Inc. has a 52 week low of $8.53 and a 52 week high of $17.64.

Arlo Technologies 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.