BNP Paribas Financial Markets Sells 7,007 Shares of Arlo Technologies, Inc. (NYSE:ARLO)

BNP Paribas Financial Markets lessened its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 12.2% during the third quarter, Holdings Channel.com reports. The firm owned 50,262 shares of the company’s stock after selling 7,007 shares during the period. BNP Paribas Financial Markets’ holdings in Arlo Technologies were worth $609,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ARLO. Arizona State Retirement System increased its holdings in shares of Arlo Technologies by 3.5% during the second quarter. Arizona State Retirement System now owns 25,577 shares of the company’s stock valued at $334,000 after acquiring an additional 871 shares in the last quarter. GAMMA Investing LLC grew its position in Arlo Technologies by 35.7% in the 3rd quarter. GAMMA Investing LLC now owns 4,406 shares of the company’s stock valued at $53,000 after purchasing an additional 1,160 shares during the period. CWM LLC increased its stake in Arlo Technologies by 90.5% during the 2nd quarter. CWM LLC now owns 3,742 shares of the company’s stock valued at $49,000 after purchasing an additional 1,778 shares in the last quarter. Quest Partners LLC raised its holdings in Arlo Technologies by 283.0% during the third quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock worth $31,000 after buying an additional 1,882 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in shares of Arlo Technologies by 4.7% in the second quarter. Louisiana State Employees Retirement System now owns 49,100 shares of the company’s stock valued at $640,000 after buying an additional 2,200 shares in the last quarter. 83.18% of the stock is currently 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 business’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 approximately $10,657,584.30. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $11.54, for a total transaction of $318,365.52. Following the completion of the transaction, the general counsel now directly owns 611,465 shares in the company, valued at approximately $7,056,306.10. The trade was a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 351,330 shares of company stock worth $4,057,187 over the last three months. 3.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on ARLO shares. Craig Hallum lowered their price objective on Arlo Technologies from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 8th. BWS Financial reissued a “buy” rating and issued a $24.00 price target on shares of Arlo Technologies in a research report on Friday, November 8th.

Arlo Technologies Stock Down 0.5 %

Shares of ARLO opened at $13.10 on Friday. The business’s 50-day moving average price is $11.62 and its 200-day moving average price is $12.65. Arlo Technologies, Inc. has a twelve month low of $8.33 and a twelve month high of $17.64. The stock has a market cap of $1.31 billion, a PE ratio of -52.38 and a beta of 1.79.

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.