Arlo Technologies, Inc. (NYSE:ARLO) Shares Bought by Quest Partners LLC

Quest Partners LLC increased its stake in Arlo Technologies, Inc. (NYSE:ARLO) by 283.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,547 shares of the company’s stock after buying an additional 1,882 shares during the quarter. Quest Partners LLC’s holdings in Arlo Technologies were worth $31,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ARLO. Chilton Capital Management LLC purchased a new position in Arlo Technologies in the second quarter valued at about $33,000. GAMMA Investing LLC raised its position 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 boosted its stake in shares of 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 buying an additional 1,778 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Arlo Technologies during the second quarter worth approximately $62,000. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Arlo Technologies during the second quarter worth approximately $138,000. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in 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 report on Friday, November 8th. BWS Financial reissued a “buy” rating and set a $24.00 price target on shares of Arlo Technologies in a research report on Friday, November 8th.

Insider Activity

In related news, CFO Kurtis Joseph Binder sold 7,098 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 892,595 shares of the company’s stock, valued at $10,657,584.30. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.80% of the company’s stock.

Arlo Technologies Trading Down 0.3 %

Shares of NYSE:ARLO opened at $11.22 on Monday. The firm’s 50 day moving average is $11.42 and its two-hundred day moving average is $12.61. The firm has a market capitalization of $1.13 billion, a P/E ratio of -44.88 and a beta of 1.78. Arlo Technologies, Inc. has a 52 week low of $8.33 and a 52 week high of $17.64.

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.