Royce & Associates LP Grows Stock Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

Royce & Associates LP grew its position in Arlo Technologies, Inc. (NYSE:ARLO) by 16.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,637,080 shares of the company’s stock after buying an additional 229,450 shares during the period. Royce & Associates LP owned 1.63% of Arlo Technologies worth $18,319,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ARLO. Barclays PLC grew its holdings in 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 purchasing an additional 129,889 shares during the last quarter. Sanctuary Advisors LLC grew its stake in Arlo Technologies by 5.0% during the 4th quarter. Sanctuary Advisors LLC now owns 47,559 shares of the company’s stock worth $555,000 after buying an additional 2,284 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in Arlo Technologies by 26.7% during 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 last quarter. Mutual of America Capital Management LLC increased its position in Arlo Technologies by 18.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 716,280 shares of the company’s stock valued at $8,674,000 after buying an additional 109,200 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in Arlo Technologies in the fourth quarter worth about $121,000. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Stock Up 1.1 %

Shares of NYSE:ARLO opened at $10.65 on Monday. Arlo Technologies, Inc. has a 52-week low of $9.92 and a 52-week high of $17.64. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -42.58 and a beta of 1.66. The business has a 50-day moving average price of $11.63 and a 200-day moving average price of $11.61.

Insider Buying and Selling

In other Arlo Technologies news, General Counsel Brian Busse sold 9,007 shares of the company’s stock in a transaction 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 sale, the general counsel now directly owns 602,458 shares of the company’s stock, valued at approximately $7,024,660.28. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew Blake Mcrae sold 59,316 shares of Arlo Technologies stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $11.43, for a total value of $677,981.88. Following the transaction, the chief executive officer now owns 3,128,696 shares of the company’s stock, valued at $35,760,995.28. The trade was a 1.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 648,743 shares of company stock worth $7,503,028. 3.80% of the stock is owned by company insiders.

Analyst Ratings Changes

ARLO has been the topic of several recent analyst reports. Craig Hallum upped their price objective on shares of Arlo Technologies from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 28th. BWS Financial restated a “buy” rating and set a $24.00 price target on shares of Arlo Technologies in a research note on Friday, February 28th. Finally, Roth Capital set a $22.00 price objective on shares of Arlo Technologies in a research note on Friday, February 28th.

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.