50,518 Shares in Arlo Technologies, Inc. (NYSE:ARLO) Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in Arlo Technologies, Inc. (NYSE:ARLO) during the third quarter, HoldingsChannel.com reports. The fund bought 50,518 shares of the company’s stock, valued at approximately $612,000.

Several other hedge funds also recently modified their holdings of the company. Chilton Capital Management LLC purchased a new position in shares of Arlo Technologies during the second quarter valued at approximately $33,000. Quest Partners LLC raised its holdings in Arlo Technologies by 283.0% in the 3rd quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock valued at $31,000 after acquiring an additional 1,882 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Arlo Technologies by 34.9% during the 2nd quarter. GAMMA Investing LLC now owns 3,246 shares of the company’s stock worth $42,000 after purchasing an additional 840 shares during the period. CWM LLC boosted its holdings in shares of Arlo Technologies by 90.5% during the second quarter. CWM LLC now owns 3,742 shares of the company’s stock worth $49,000 after purchasing an additional 1,778 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Arlo Technologies during the second quarter worth $62,000. 83.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 7,098 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $11.94, for a total value of $84,750.12. Following the completion of the sale, the chief financial officer now owns 892,595 shares of the company’s stock, valued at $10,657,584.30. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.80% of the stock is owned by company insiders.

Arlo Technologies Stock Up 1.2 %

ARLO stock opened at $12.03 on Friday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -48.12 and a beta of 1.78. The business has a fifty day simple moving average of $11.42 and a 200-day simple moving average of $12.65. Arlo Technologies, Inc. has a 52 week low of $8.33 and a 52 week high of $17.64.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ARLO shares. BWS Financial reiterated a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a research report on Friday, November 8th. Craig Hallum cut their price objective on shares of Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, November 8th.

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.