22,007 Shares in Arlo Technologies, Inc. (NYSE:ARLO) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,007 shares of the company’s stock, valued at approximately $287,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chilton Capital Management LLC purchased a new stake in Arlo Technologies during the second quarter worth approximately $33,000. GAMMA Investing LLC grew its stake in Arlo Technologies by 34.9% during the second quarter. GAMMA Investing LLC now owns 3,246 shares of the company’s stock worth $42,000 after buying an additional 840 shares during the period. CWM LLC grew its stake in Arlo Technologies by 90.5% during the second quarter. CWM LLC now owns 3,742 shares of the company’s stock worth $49,000 after buying an additional 1,778 shares during the period. Meeder Asset Management Inc. purchased a new stake in Arlo Technologies during the second quarter worth approximately $62,000. Finally, Hennessy Advisors Inc. purchased a new stake in Arlo Technologies during the second quarter worth approximately $138,000. Institutional investors and hedge funds own 83.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ARLO shares. Roth Mkm boosted their price objective on shares of Arlo Technologies from $16.50 to $18.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. BWS Financial restated a “buy” rating and issued a $24.00 target price on shares of Arlo Technologies in a research note on Friday.

Insider Buying and Selling at Arlo Technologies

In related news, Director Ralph E. Faison acquired 8,842 shares of Arlo Technologies stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $11.89 per share, for a total transaction of $105,131.38. Following the purchase, the director now directly owns 385,599 shares of the company’s stock, valued at approximately $4,584,772.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Arlo Technologies news, Director Amy M. Rothstein sold 15,000 shares of the stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $14.83, for a total transaction of $222,450.00. Following the sale, the director now directly owns 75,032 shares of the company’s stock, valued at $1,112,724.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ralph E. Faison bought 8,842 shares of the company’s stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of $11.89 per share, for a total transaction of $105,131.38. Following the completion of the acquisition, the director now directly owns 385,599 shares of the company’s stock, valued at approximately $4,584,772.11. The disclosure for this purchase can be found here. 3.80% of the stock is currently owned by insiders.

Arlo Technologies Price Performance

Shares of ARLO stock opened at $11.83 on Friday. The company has a market capitalization of $1.15 billion, a PE ratio of -65.72 and a beta of 1.76. The firm has a fifty day simple moving average of $12.61 and a 200-day simple moving average of $12.80. The company has a current ratio of 1.48, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. Arlo Technologies, Inc. has a twelve month low of $7.77 and a twelve month high of $17.64.

Arlo Technologies (NYSE:ARLO) last announced its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Arlo Technologies had a negative net margin of 4.19% and a negative return on equity of 20.75%. The business had revenue of $127.45 million during the quarter, compared to the consensus estimate of $125.03 million. During the same period in the prior year, the firm earned ($0.08) earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities research analysts anticipate that Arlo Technologies, Inc. will post -0.4 earnings per share for the current fiscal year.

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.