11,552 Shares in Arlo Technologies, Inc. (NYSE:ARLO) Bought by Balboa Wealth Partners

Balboa Wealth Partners bought a new position in Arlo Technologies, Inc. (NYSE:ARLO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,552 shares of the company’s stock, valued at approximately $129,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARLO. Versor Investments LP purchased a new position in Arlo Technologies in the 3rd quarter worth $178,000. Mutual of America Capital Management LLC raised its stake in shares of 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 during the last quarter. Quest Partners LLC raised its stake 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 valued at $31,000 after buying an additional 1,882 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Arlo Technologies during the 3rd quarter valued at about $1,193,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Arlo Technologies by 25.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 783,851 shares of the company’s stock valued at $9,492,000 after buying an additional 161,346 shares during the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Arlo Technologies Stock Up 1.1 %

NYSE:ARLO opened at $10.65 on Friday. Arlo Technologies, Inc. has a 52 week low of $9.92 and a 52 week high of $17.64. The stock has a market capitalization of $1.09 billion, a PE ratio of -42.58 and a beta of 1.66. The stock’s 50-day moving average price is $11.63 and its 200-day moving average price is $11.62.

Insider Activity

In related news, CFO Kurtis Joseph Binder sold 12,155 shares of Arlo Technologies stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.50, for a total value of $139,782.50. Following the sale, the chief financial officer now directly owns 837,906 shares in the company, valued at approximately $9,635,919. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew Blake Mcrae sold 200,000 shares of Arlo Technologies stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $11.04, for a total value of $2,208,000.00. Following the completion of the sale, the chief executive officer now owns 2,486,678 shares in the company, valued at approximately $27,452,925.12. The trade was a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 648,743 shares of company stock worth $7,503,028 in the last ninety days. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BWS Financial reiterated a “buy” rating and set a $24.00 price objective on shares of Arlo Technologies in a research note on Friday, February 28th. Craig Hallum lifted their price objective on Arlo Technologies from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Roth Capital set a $22.00 price objective on 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.