Atria Investments Inc Sells 10,896 Shares of Arlo Technologies, Inc. (NYSE:ARLO)

Atria Investments Inc lowered its holdings in Arlo Technologies, Inc. (NYSE:ARLO) by 17.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,279 shares of the company’s stock after selling 10,896 shares during the period. Atria Investments Inc owned about 0.05% of Arlo Technologies worth $633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARLO. SG Americas Securities LLC purchased a new position in Arlo Technologies in the first quarter valued at approximately $190,000. ProShare Advisors LLC grew its holdings in shares of Arlo Technologies by 7.3% during the first quarter. ProShare Advisors LLC now owns 18,158 shares of the company’s stock worth $230,000 after purchasing an additional 1,241 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in Arlo Technologies in the 1st quarter worth approximately $391,000. CANADA LIFE ASSURANCE Co grew its position in Arlo Technologies by 3.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 133,696 shares of the company’s stock worth $1,691,000 after acquiring an additional 4,078 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in shares of Arlo Technologies by 11.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 241,513 shares of the company’s stock valued at $3,055,000 after purchasing an additional 24,623 shares during the last quarter. 83.18% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Kurtis Joseph Binder sold 7,098 shares of Arlo Technologies stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $11.94, for a total value of $84,750.12. Following the completion of the transaction, the chief financial officer now owns 892,595 shares of the company’s stock, valued at $10,657,584.30. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Arlo Technologies Trading Up 6.2 %

Shares of Arlo Technologies stock opened at $11.93 on Wednesday. Arlo Technologies, Inc. has a 12 month low of $8.33 and a 12 month high of $17.64. The firm has a market capitalization of $1.20 billion, a P/E ratio of -47.76 and a beta of 1.78. The business has a fifty day simple moving average of $11.39 and a two-hundred day simple moving average of $12.68.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. BWS Financial reaffirmed a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a report on Friday, November 8th. Craig Hallum reduced their target price on Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock 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.