20,290 Shares in Arlo Technologies, Inc. (NYSE:ARLO) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC acquired a new stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) during the third quarter, Holdings Channel reports. The firm acquired 20,290 shares of the company’s stock, valued at approximately $246,000.

Other large investors also recently modified their holdings of the company. Quest Partners LLC boosted its stake 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 buying an additional 1,882 shares in the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Arlo Technologies in the 2nd quarter valued at $33,000. GAMMA Investing LLC boosted its stake in shares of Arlo Technologies by 34.9% in the 2nd quarter. GAMMA Investing LLC now owns 3,246 shares of the company’s stock valued at $42,000 after purchasing an additional 840 shares in the last quarter. CWM LLC increased its position in shares of Arlo Technologies by 90.5% during the 2nd quarter. CWM LLC now owns 3,742 shares of the company’s stock worth $49,000 after purchasing an additional 1,778 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Arlo Technologies during the 2nd quarter valued at about $62,000. 83.18% of the stock is currently owned by institutional investors.

Insider Activity at Arlo Technologies

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 7,098 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $11.94, for a total transaction of $84,750.12. Following the transaction, the chief financial officer now directly owns 892,595 shares in the company, valued at approximately $10,657,584.30. This represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. BWS Financial reaffirmed a “buy” rating and set a $24.00 price objective on shares of Arlo Technologies in a report 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 report on Friday, November 8th.

Arlo Technologies Trading Down 6.6 %

ARLO opened at $11.25 on Friday. Arlo Technologies, Inc. has a 1-year low of $8.33 and a 1-year high of $17.64. The stock has a market capitalization of $1.13 billion, a PE ratio of -45.00 and a beta of 1.78. The firm has a 50-day moving average price of $11.43 and a two-hundred day moving average price of $12.60.

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.