Brian Busse Sells 26,258 Shares of Arlo Technologies, Inc. (NYSE:ARLO) Stock

Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Brian Busse sold 26,258 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $10.70, for a total transaction of $280,960.60. Following the completion of the sale, the general counsel now owns 636,485 shares in the company, valued at $6,810,389.50. This represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, March 4th, Brian Busse sold 6,593 shares of Arlo Technologies stock. The shares were sold at an average price of $11.50, for a total transaction of $75,819.50.
• On Wednesday, February 12th, Brian Busse sold 17,669 shares of Arlo Technologies stock. The shares were sold at an average price of $11.11, for a total transaction of $196,302.59.
• On Wednesday, February 5th, Brian Busse sold 11,475 shares of Arlo Technologies stock. The stock was sold at an average price of $11.43, for a total value of $131,159.25.
• On Wednesday, January 29th, Brian Busse sold 9,007 shares of Arlo Technologies stock. The stock was sold at an average price of $11.66, for a total value of $105,021.62.

Arlo Technologies Stock Down 2.6 %

Shares of ARLO stock opened at $10.59 on Wednesday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -42.36 and a beta of 1.66. Arlo Technologies, Inc. has a 12 month low of $9.92 and a 12 month high of $17.64. The stock has a 50-day moving average price of $11.52 and a 200 day moving average price of $11.58.

Institutional Investors Weigh In On Arlo Technologies

Several institutional investors have recently modified their holdings of the business. Wellington Management Group LLP acquired a new position in Arlo Technologies in the fourth quarter valued at approximately $4,050,000. California State Teachers Retirement System raised its position in shares of Arlo Technologies by 1.3% during the 4th quarter. California State Teachers Retirement System now owns 93,320 shares of the company’s stock valued at $1,044,000 after acquiring an additional 1,232 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Arlo Technologies by 28.6% in the 4th quarter. Mackenzie Financial Corp now owns 80,397 shares of the company’s stock valued at $900,000 after purchasing an additional 17,892 shares during the period. AWM Investment Company Inc. lifted its stake in shares of Arlo Technologies by 168.3% in 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 period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Arlo Technologies by 47.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,355 shares of the company’s stock worth $1,985,000 after purchasing an additional 56,799 shares during the period. Institutional investors and hedge funds own 83.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ARLO. Craig Hallum lifted their price target on Arlo Technologies from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 28th. Roth Capital set a $22.00 target price on shares of Arlo Technologies in a research report on Friday, February 28th. Finally, BWS Financial reissued a “buy” rating and issued a $24.00 price target on shares of Arlo Technologies in a report on Friday, February 28th.

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.