Arlo Technologies, Inc. (NYSE:ARLO) Director Amy M. Rothstein Sells 25,000 Shares of Stock

Arlo Technologies, Inc. (NYSE:ARLO) Director Amy M. Rothstein sold 25,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $13.37, for a total value of $334,250.00. Following the completion of the sale, the director now directly owns 76,271 shares of the company’s stock, valued at $1,019,743.27. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Arlo Technologies Stock Performance

NYSE ARLO opened at $12.91 on Tuesday. The business has a 50 day simple moving average of $12.42 and a 200 day simple moving average of $10.87. Arlo Technologies, Inc. has a 52-week low of $7.77 and a 52-week high of $14.52. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -71.69 and a beta of 1.86.

Arlo Technologies (NYSE:ARLO) last posted its earnings results on Thursday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). Arlo Technologies had a negative return on equity of 16.71% and a negative net margin of 3.46%. The business had revenue of $124.20 million for the quarter, compared to the consensus estimate of $124.06 million. On average, analysts predict that Arlo Technologies, Inc. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

ARLO has been the subject of a number of recent analyst reports. Roth Mkm upped their price target on Arlo Technologies from $13.75 to $16.50 and gave the company a “buy” rating in a research note on Friday, May 10th. Craig Hallum upped their price target on Arlo Technologies from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $17.00 price target on shares of Arlo Technologies in a research note on Friday, May 10th.

Hedge Funds Weigh In On Arlo Technologies

Several hedge funds have recently made changes to their positions in the business. Texas Permanent School Fund Corp grew its stake in shares of 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 in 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. Strs Ohio grew its stake in shares of Arlo Technologies by 7.3% during the 4th quarter. Strs Ohio now owns 19,200 shares of the company’s stock worth $182,000 after acquiring an additional 1,300 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Arlo Technologies by 9.7% during the 3rd quarter. Victory Capital Management Inc. now owns 15,625 shares of the company’s stock worth $161,000 after acquiring an additional 1,378 shares in the last quarter. Finally, Orion Capital Management LLC grew its stake in shares of Arlo Technologies by 3.3% during the 3rd quarter. Orion Capital Management LLC now owns 50,260 shares of the company’s stock worth $518,000 after acquiring an additional 1,600 shares in the last quarter. 83.18% of the stock is owned by institutional investors.

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.