Charles Schwab Investment Management Inc. Purchases 14,308 Shares of Arlo Technologies, Inc. (NYSE:ARLO)

Charles Schwab Investment Management Inc. raised its position in Arlo Technologies, Inc. (NYSE:ARLO) by 1.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,036,400 shares of the company’s stock after acquiring an additional 14,308 shares during the period. Charles Schwab Investment Management Inc. owned about 1.04% of Arlo Technologies worth $12,551,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Arlo Technologies by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 66,551 shares of the company’s stock worth $842,000 after purchasing an additional 3,242 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Arlo Technologies in the 1st quarter valued at $421,000. GAMMA Investing LLC lifted 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 buying 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 worth $49,000 after buying an additional 1,778 shares during the last quarter. Finally, Swedbank AB grew its holdings in shares of Arlo Technologies by 45.5% in the 2nd quarter. Swedbank AB now owns 800,000 shares of the company’s stock valued at $10,432,000 after acquiring an additional 250,000 shares in the last quarter. Institutional investors and hedge funds own 83.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ARLO shares. BWS Financial reiterated a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a report on Friday, November 8th. Craig Hallum dropped their price objective 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.

Arlo Technologies Price Performance

Shares of ARLO opened at $12.72 on Monday. The company has a market cap of $1.28 billion, a PE ratio of -50.88 and a beta of 1.79. The firm has a 50-day moving average of $11.49 and a 200-day moving average of $12.63. Arlo Technologies, Inc. has a one year low of $8.33 and a one year high of $17.64.

Insider Buying and Selling

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 316,644 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was 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 trade represents a 9.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kurtis Joseph Binder sold 7,098 shares of Arlo Technologies stock in a transaction on Monday, September 30th. The stock was sold at an average price of $11.94, for a total transaction of $84,750.12. Following the transaction, the chief financial officer now directly owns 892,595 shares of the company’s stock, valued at approximately $10,657,584.30. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 351,330 shares of company stock worth $4,057,187. Company insiders own 3.80% of the company’s stock.

Arlo Technologies 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.