Arlo Technologies, Inc. (NYSE:ARLO) Holdings Lowered by Olympiad Research LP

Olympiad Research LP trimmed its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 41.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,554 shares of the company’s stock after selling 15,900 shares during the quarter. Olympiad Research LP’s holdings in Arlo Technologies were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quest Partners LLC raised its position in shares of Arlo Technologies by 283.0% during the 3rd quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock worth $31,000 after buying an additional 1,882 shares in the last quarter. KBC Group NV raised its position in shares of Arlo Technologies by 106.8% during the 4th quarter. KBC Group NV now owns 6,167 shares of the company’s stock worth $69,000 after buying an additional 3,185 shares in the last quarter. Ieq Capital LLC bought a new stake in shares of Arlo Technologies during the 4th quarter worth about $121,000. Hennessy Advisors Inc. raised its position in shares of 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 in the last quarter. Finally, Choreo LLC bought a new stake in shares of Arlo Technologies during the 4th quarter worth about $154,000. 83.18% of the stock is currently owned by institutional investors.

Arlo Technologies Price Performance

NYSE ARLO opened at $11.46 on Monday. The company’s 50 day simple moving average is $11.60 and its 200 day simple moving average is $11.67. Arlo Technologies, Inc. has a 12 month low of $8.63 and a 12 month high of $17.64. The company has a market capitalization of $1.15 billion, a P/E ratio of -45.82 and a beta of 1.77.

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, General Counsel Brian Busse sold 9,007 shares of the business’s 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 $105,021.62. Following the completion of the sale, the general counsel now directly owns 602,458 shares of the company’s stock, valued at $7,024,660.28. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew Blake Mcrae sold 46,866 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $11.66, for a total transaction of $546,457.56. Following the completion of the sale, the chief executive officer now directly owns 3,161,472 shares of the company’s stock, valued at $36,862,763.52. This represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 488,565 shares of company stock valued at $5,629,360 over the last ninety days. Corporate insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

ARLO has been the topic of a number of research reports. BWS Financial reiterated a “buy” rating and issued a $24.00 target price on shares of Arlo Technologies in a report on Friday, November 8th. Craig Hallum dropped 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.

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.