Arlo Technologies, Inc. (NYSE:ARLO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 47.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 144,033 shares of the company’s stock after selling 131,918 shares during the period. Dimensional Fund Advisors LP owned approximately 0.15% of Arlo Technologies worth $1,878,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chilton Capital Management LLC acquired a new stake in Arlo Technologies during the 2nd quarter worth about $33,000. GAMMA Investing LLC grew its position in Arlo Technologies by 34.9% during the 2nd quarter. GAMMA Investing LLC now owns 3,246 shares of the company’s stock worth $42,000 after purchasing an additional 840 shares during the period. CWM LLC grew its position in Arlo Technologies by 90.5% during the 2nd quarter. CWM LLC now owns 3,742 shares of the company’s stock worth $49,000 after purchasing an additional 1,778 shares during the period. Meeder Asset Management Inc. acquired a new stake in Arlo Technologies during the 2nd quarter worth about $62,000. Finally, Hennessy Advisors Inc. acquired a new stake in Arlo Technologies during the 2nd quarter worth about $138,000. 83.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on ARLO. Roth Mkm increased their price target on Arlo Technologies from $16.50 to $18.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. BWS Financial restated a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a research report on Friday, September 27th.

Arlo Technologies Price Performance

NYSE:ARLO opened at $11.07 on Friday. Arlo Technologies, Inc. has a 52 week low of $7.77 and a 52 week high of $17.64. The company has a quick ratio of 1.23, a current ratio of 1.48 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.11 billion, a PE ratio of -50.32 and a beta of 1.76. The stock’s 50-day moving average price is $11.79 and its 200-day moving average price is $12.73.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Arlo Technologies’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted ($0.08) EPS. As a group, equities analysts expect that Arlo Technologies, Inc. will post -0.4 EPS for the current fiscal year.

Insider Activity at Arlo Technologies

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

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.