Charles Schwab Investment Management Inc. Has $12.55 Million Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

Charles Schwab Investment Management Inc. increased its position in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,036,400 shares of the company’s stock after purchasing an additional 14,308 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Arlo Technologies were worth $12,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brandes Investment Partners LP lifted its holdings in shares of Arlo Technologies by 1.0% during the 2nd quarter. Brandes Investment Partners LP now owns 5,140,826 shares of the company’s stock worth $66,991,000 after acquiring an additional 53,242 shares during the period. Rice Hall James & Associates LLC increased its stake in Arlo Technologies by 4.9% in the third quarter. Rice Hall James & Associates LLC now owns 4,069,476 shares of the company’s stock valued at $49,281,000 after acquiring an additional 191,536 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Arlo Technologies by 12.2% during the second quarter. Renaissance Technologies LLC now owns 1,414,400 shares of the company’s stock worth $18,444,000 after purchasing an additional 154,100 shares during the last quarter. Engle Capital Management L.P. boosted its holdings in shares of Arlo Technologies by 25.6% in the 2nd quarter. Engle Capital Management L.P. now owns 1,130,000 shares of the company’s stock valued at $14,735,000 after purchasing an additional 230,000 shares in the last quarter. Finally, Swedbank AB boosted its holdings in shares of Arlo Technologies by 37.5% in the 3rd quarter. Swedbank AB now owns 1,100,000 shares of the company’s stock valued at $13,321,000 after purchasing an additional 300,000 shares in the last quarter. Institutional investors own 83.18% of the company’s stock.

Insiders Place Their Bets

In other Arlo Technologies news, General Counsel Brian Busse sold 27,588 shares of Arlo Technologies stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $11.54, for a total value of $318,365.52. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew Blake Mcrae sold 316,644 shares of Arlo Technologies stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.54, for a total transaction of $3,654,071.76. Following the completion of the sale, the chief executive officer now owns 3,160,988 shares of the company’s stock, valued at $36,477,801.52. This represents a 9.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 351,330 shares of company stock valued at $4,057,187 in the last 90 days. Corporate insiders own 3.80% of the company’s stock.

Arlo Technologies Stock Performance

NYSE ARLO opened at $12.72 on Monday. Arlo Technologies, Inc. has a fifty-two week low of $8.33 and a fifty-two week high of $17.64. The stock has a market cap of $1.28 billion, a PE ratio of -50.88 and a beta of 1.79. The firm’s fifty day moving average price is $11.49 and its two-hundred day moving average price is $12.63.

Analyst Ratings Changes

ARLO has been the subject of a number of research analyst reports. Craig Hallum lowered their price target 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 target price on shares of Arlo Technologies in a research note on Friday, November 8th.

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.