Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Brian Busse Sells 9,007 Shares

Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Brian Busse sold 9,007 shares of the company’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 value of $105,021.62. Following the transaction, the general counsel now directly owns 602,458 shares of the company’s stock, valued at approximately $7,024,660.28. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Brian Busse also recently made the following trade(s):

• On Monday, December 2nd, Brian Busse sold 27,588 shares of Arlo Technologies stock. The stock was sold at an average price of $11.54, for a total transaction of $318,365.52.

Arlo Technologies Stock Down 0.1 %

Arlo Technologies stock opened at $11.71 on Friday. The company has a fifty day simple moving average of $11.89 and a 200-day simple moving average of $12.16. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -46.82 and a beta of 1.77. Arlo Technologies, Inc. has a 52-week low of $8.38 and a 52-week high of $17.64.

Hedge Funds Weigh In On Arlo Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of ARLO. Quest Partners LLC increased its stake in shares of Arlo Technologies by 283.0% in the 3rd quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock worth $31,000 after acquiring an additional 1,882 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Arlo Technologies by 35.7% in the third quarter. GAMMA Investing LLC now owns 4,406 shares of the company’s stock valued at $53,000 after purchasing an additional 1,160 shares during the period. KBC Group NV increased its position in Arlo Technologies by 106.8% during the fourth quarter. KBC Group NV now owns 6,167 shares of the company’s stock worth $69,000 after purchasing an additional 3,185 shares during the last quarter. Hennessy Advisors Inc. raised its stake in Arlo Technologies by 9.6% during the fourth quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company’s stock worth $124,000 after purchasing an additional 965 shares during the period. Finally, Choreo LLC acquired a new position in Arlo Technologies in the 4th quarter valued at about $154,000. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ARLO shares. BWS Financial reissued a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a research note on Friday, November 8th. Craig Hallum cut their price objective on Arlo Technologies from $17.00 to $15.00 and set a “buy” rating for the company in a research note 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.