Arlo Technologies, Inc. (NYSE:ARLO) Holdings Boosted by Orion Capital Management LLC

Orion Capital Management LLC boosted its holdings in Arlo Technologies, Inc. (NYSE:ARLO) by 16.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,160 shares of the company’s stock after acquiring an additional 6,400 shares during the period. Orion Capital Management LLC’s holdings in Arlo Technologies were worth $547,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of Arlo Technologies by 2.2% during the third quarter. Geode Capital Management LLC now owns 2,192,273 shares of the company’s stock valued at $26,554,000 after buying an additional 48,221 shares during the last quarter. Barclays PLC increased its stake in shares of Arlo Technologies by 234.5% during the third quarter. Barclays PLC now owns 185,281 shares of the company’s stock valued at $2,244,000 after acquiring an additional 129,889 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Arlo Technologies during the third quarter valued at approximately $386,000. State Street Corp increased its stake in shares of Arlo Technologies by 0.6% during the third quarter. State Street Corp now owns 4,269,561 shares of the company’s stock valued at $51,704,000 after acquiring an additional 26,492 shares during the period. Finally, Needham Investment Management LLC increased its stake in shares of Arlo Technologies by 29.1% during the third quarter. Needham Investment Management LLC now owns 1,265,000 shares of the company’s stock valued at $15,319,000 after acquiring an additional 285,000 shares during the period. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Stock Performance

Arlo Technologies stock opened at $13.14 on Tuesday. The company has a 50 day moving average price of $11.51 and a 200 day moving average price of $12.63. Arlo Technologies, Inc. has a 52 week low of $8.33 and a 52 week high of $17.64. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -52.56 and a beta of 1.79.

Insider Buying and Selling

In related news, CFO Kurtis Joseph Binder sold 7,098 shares of Arlo Technologies stock in a transaction on Monday, September 30th. The shares were 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 approximately $10,657,584.30. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Brian Busse sold 27,588 shares of Arlo Technologies stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.54, for a total transaction of $318,365.52. Following the completion of the sale, the general counsel now directly owns 611,465 shares of the company’s stock, valued at approximately $7,056,306.10. The trade was a 4.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 351,330 shares of company stock valued at $4,057,187. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. BWS Financial restated a “buy” rating and issued a $24.00 price target on shares of Arlo Technologies in a research report on Friday, November 8th. Craig Hallum decreased their price target on shares of Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, November 8th.

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.