Arlo Technologies, Inc. (NYSE:ARLO) CEO Matthew Blake Mcrae Sells 157,851 Shares

Arlo Technologies, Inc. (NYSE:ARLO) CEO Matthew Blake Mcrae sold 157,851 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $10.70, for a total transaction of $1,689,005.70. Following the completion of the transaction, the chief executive officer now owns 2,558,425 shares in the company, valued at $27,375,147.50. This trade represents a 5.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Matthew Blake Mcrae also recently made the following trade(s):

• On Monday, March 10th, Matthew Blake Mcrae sold 200,000 shares of Arlo Technologies stock. The stock was sold at an average price of $11.04, for a total transaction of $2,208,000.00.
• On Thursday, March 6th, Matthew Blake Mcrae sold 259,227 shares of Arlo Technologies stock. The shares were sold at an average price of $12.03, for a total transaction of $3,118,500.81.
• On Tuesday, March 4th, Matthew Blake Mcrae sold 26,435 shares of Arlo Technologies stock. The stock was sold at an average price of $11.50, for a total value of $304,002.50.
• On Wednesday, February 5th, Matthew Blake Mcrae sold 59,316 shares of Arlo Technologies stock. The shares were sold at an average price of $11.43, for a total value of $677,981.88.
• On Wednesday, January 29th, Matthew Blake Mcrae sold 46,866 shares of Arlo Technologies stock. The stock was sold at an average price of $11.66, for a total value of $546,457.56.

Arlo Technologies Price Performance

Arlo Technologies stock opened at $10.92 on Tuesday. The firm’s 50 day moving average price is $11.54 and its 200-day moving average price is $11.58. Arlo Technologies, Inc. has a 1 year low of $9.92 and a 1 year high of $17.64. The stock has a market cap of $1.12 billion, a P/E ratio of -43.69 and a beta of 1.66.

Institutional Trading of Arlo Technologies

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Arlo Technologies by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 9,821,417 shares of the company’s stock valued at $109,902,000 after purchasing an additional 166,823 shares in the last quarter. Brandes Investment Partners LP grew its holdings in Arlo Technologies by 7.0% during the 4th quarter. Brandes Investment Partners LP now owns 5,732,547 shares of the company’s stock valued at $64,147,000 after buying an additional 375,903 shares in the last quarter. Wasatch Advisors LP increased its stake in Arlo Technologies by 21.1% in the 4th quarter. Wasatch Advisors LP now owns 4,537,333 shares of the company’s stock worth $50,773,000 after acquiring an additional 790,549 shares during the last quarter. State Street Corp raised its holdings in shares of Arlo Technologies by 0.6% during the 3rd quarter. State Street Corp now owns 4,269,561 shares of the company’s stock worth $51,704,000 after acquiring an additional 26,492 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Arlo Technologies by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,219,076 shares of the company’s stock valued at $24,838,000 after acquiring an additional 26,803 shares during the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ARLO. Craig Hallum raised their target price on shares of Arlo Technologies from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. BWS Financial restated a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a research note on Friday, February 28th. Finally, Roth Capital set a $22.00 price target on Arlo Technologies in a research note on Friday, February 28th.

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.