Arlo Technologies, Inc. (NYSE:ARLO) CEO Matthew Blake Mcrae Sells 26,435 Shares

Arlo Technologies, Inc. (NYSE:ARLO) CEO Matthew Blake Mcrae sold 26,435 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.50, for a total value of $304,002.50. Following the sale, the chief executive officer now owns 3,205,132 shares of the company’s stock, valued at $36,859,018. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Matthew Blake Mcrae also recently made the following trade(s):

• On Wednesday, February 5th, Matthew Blake Mcrae sold 59,316 shares of Arlo Technologies stock. The stock was sold at an average price of $11.43, for a total value of $677,981.88.
• On Wednesday, January 29th, Matthew Blake Mcrae sold 46,866 shares of Arlo Technologies stock. The stock was sold at an average price of $11.66, for a total value of $546,457.56.

Arlo Technologies Stock Up 3.4 %

Shares of NYSE ARLO opened at $12.25 on Thursday. The firm has a market capitalization of $1.25 billion, a P/E ratio of -48.98 and a beta of 1.66. The stock’s 50-day simple moving average is $11.65 and its two-hundred day simple moving average is $11.68. Arlo Technologies, Inc. has a twelve month low of $9.92 and a twelve month high of $17.64.

Analyst Ratings Changes

Several research analysts have weighed in on ARLO shares. Craig Hallum boosted their price objective on Arlo Technologies from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. BWS Financial reaffirmed a “buy” rating and set a $24.00 price target on shares of Arlo Technologies in a research report on Friday, February 28th.

Hedge Funds Weigh In On Arlo Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp increased its stake in Arlo Technologies by 28.6% in the 4th quarter. Mackenzie Financial Corp now owns 80,397 shares of the company’s stock worth $900,000 after acquiring an additional 17,892 shares during the last quarter. AWM Investment Company Inc. increased its position in shares of Arlo Technologies by 168.3% during the 4th quarter. AWM Investment Company Inc. now owns 334,166 shares of the company’s stock valued at $3,739,000 after purchasing an additional 209,596 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Arlo Technologies by 47.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,355 shares of the company’s stock valued at $1,985,000 after purchasing an additional 56,799 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of Arlo Technologies by 38.4% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,474,778 shares of the company’s stock valued at $16,503,000 after purchasing an additional 409,489 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Arlo Technologies by 213.0% during the 4th quarter. Squarepoint Ops LLC now owns 178,672 shares of the company’s stock valued at $1,999,000 after purchasing an additional 121,582 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors.

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.