Barclays PLC Acquires 129,889 Shares of Arlo Technologies, Inc. (NYSE:ARLO)

Barclays PLC increased its holdings in Arlo Technologies, Inc. (NYSE:ARLO) by 234.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 185,281 shares of the company’s stock after purchasing an additional 129,889 shares during the period. Barclays PLC owned approximately 0.18% of Arlo Technologies worth $2,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quest Partners LLC lifted its stake in Arlo Technologies by 283.0% in the third quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock worth $31,000 after purchasing an additional 1,882 shares during the last quarter. Chilton Capital Management LLC bought a new stake in shares of Arlo Technologies in the 2nd quarter valued at about $33,000. GAMMA Investing LLC boosted its holdings in Arlo Technologies by 35.7% during the 3rd quarter. GAMMA Investing LLC now owns 4,406 shares of the company’s stock valued at $53,000 after acquiring an additional 1,160 shares during the period. Meeder Asset Management Inc. bought a new position in Arlo Technologies during the 2nd quarter worth approximately $62,000. Finally, Raymond James Trust N.A. purchased a new position in Arlo Technologies in the 2nd quarter worth approximately $174,000. Institutional investors own 83.18% of the company’s stock.

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 transaction, the chief executive officer now owns 3,160,988 shares of the company’s stock, valued at approximately $36,477,801.52. This trade represents a 9.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Brian Busse sold 27,588 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.54, for a total transaction of $318,365.52. Following the completion of the sale, the general counsel now directly owns 611,465 shares in the company, valued at $7,056,306.10. This represents a 4.32 % decrease in their ownership of the stock. 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 over the last three months. Corporate insiders own 3.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ARLO shares. Craig Hallum dropped their price objective on Arlo Technologies from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 8th. BWS Financial reissued a “buy” rating and issued a $24.00 price target on shares of Arlo Technologies in a report on Friday, November 8th.

Arlo Technologies Trading Up 1.3 %

NYSE:ARLO opened at $11.54 on Thursday. The company has a 50-day moving average price of $11.73 and a 200-day moving average price of $12.52. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -46.16 and a beta of 1.79. Arlo Technologies, Inc. has a 12 month low of $8.33 and a 12 month high of $17.64.

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.