Arlo Technologies, Inc. (NYSE:ARLO) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP grew its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 105.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 391,129 shares of the company’s stock after buying an additional 200,667 shares during the quarter. Trexquant Investment LP owned 0.39% of Arlo Technologies worth $4,377,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in Arlo Technologies by 104.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,331 shares of the company’s stock valued at $26,000 after purchasing an additional 1,191 shares in the last quarter. KBC Group NV lifted its position in 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 acquiring an additional 3,185 shares in the last quarter. Ieq Capital LLC purchased a new position in Arlo Technologies in the 4th quarter worth approximately $121,000. Hennessy Advisors Inc. grew its position in Arlo Technologies by 9.6% in the fourth quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company’s stock valued at $124,000 after acquiring an additional 965 shares in the last quarter. Finally, Balboa Wealth Partners purchased a new stake in shares of Arlo Technologies during the fourth quarter valued at approximately $129,000. Institutional investors and hedge funds own 83.18% of the company’s stock.

Insider Buying and Selling

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 46,866 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $11.66, for a total value of $546,457.56. Following the transaction, the chief executive officer now owns 3,161,472 shares of the company’s stock, valued at $36,862,763.52. This trade represents a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Brian Busse sold 9,007 shares of the company’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 transaction, the general counsel now directly owns 602,458 shares of the company’s stock, valued at $7,024,660.28. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,017,441 shares of company stock worth $11,448,097 over the last ninety days. 3.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Arlo Technologies Stock Down 0.7 %

NYSE:ARLO opened at $8.45 on Friday. Arlo Technologies, Inc. has a 52 week low of $7.84 and a 52 week high of $17.64. The company has a market cap of $866.01 million, a PE ratio of -33.82 and a beta of 1.71. The business’s 50 day moving average is $11.17 and its two-hundred day moving average is $11.48.

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.