GAMMA Investing LLC Has $53,000 Position in Arlo Technologies, Inc. (NYSE:ARLO)

GAMMA Investing LLC increased its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 35.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,406 shares of the company’s stock after purchasing an additional 1,160 shares during the quarter. GAMMA Investing LLC’s holdings in Arlo Technologies were worth $53,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Arizona State Retirement System lifted its holdings in shares of Arlo Technologies by 3.5% in the second quarter. Arizona State Retirement System now owns 25,577 shares of the company’s stock valued at $334,000 after purchasing an additional 871 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in Arlo Technologies by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 82,818 shares of the company’s stock worth $1,048,000 after acquiring an additional 1,106 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Arlo Technologies by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 18,158 shares of the company’s stock worth $230,000 after acquiring an additional 1,241 shares in the last quarter. CWM LLC raised its holdings in shares of Arlo Technologies by 90.5% in the second quarter. CWM LLC now owns 3,742 shares of the company’s stock valued at $49,000 after purchasing an additional 1,778 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position 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 worth $640,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Trading Up 1.5 %

Shares of Arlo Technologies stock opened at $11.86 on Thursday. The stock has a market cap of $1.16 billion, a P/E ratio of -65.89 and a beta of 1.76. The company has a quick ratio of 1.23, a current ratio of 1.48 and a debt-to-equity ratio of 0.16. Arlo Technologies, Inc. has a 12-month low of $7.77 and a 12-month high of $17.64. The business’s 50 day moving average is $11.71 and its 200-day moving average is $12.71.

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

Wall Street Analyst Weigh In

ARLO has been the subject of a number of analyst reports. Roth Mkm raised their target price on shares of Arlo Technologies from $16.50 to $18.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. BWS Financial restated a “buy” rating and set a $24.00 price objective on shares of Arlo Technologies in a research note on Friday, September 27th.

Insider Activity at Arlo Technologies

In other Arlo Technologies news, Director Ralph E. Faison purchased 8,842 shares of the stock in a transaction on Monday, August 12th. The shares were purchased at an average price of $11.89 per share, with a total value of $105,131.38. Following the completion of the transaction, the director now directly owns 385,599 shares in the company, valued at $4,584,772.11. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Arlo Technologies news, Director Ralph E. Faison purchased 8,842 shares of the business’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $11.89 per share, with a total value of $105,131.38. Following the acquisition, the director now directly owns 385,599 shares of the company’s stock, valued at $4,584,772.11. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kurtis Joseph Binder sold 7,098 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $11.94, for a total transaction of $84,750.12. Following the completion of the transaction, the chief financial officer now owns 892,595 shares in the company, valued at approximately $10,657,584.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

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.