Sanctuary Advisors LLC Acquires 2,284 Shares of Arlo Technologies, Inc. (NYSE:ARLO)

Sanctuary Advisors LLC raised its stake in Arlo Technologies, Inc. (NYSE:ARLO) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,559 shares of the company’s stock after acquiring an additional 2,284 shares during the period. Sanctuary Advisors LLC’s holdings in Arlo Technologies were worth $555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Hennessy Advisors Inc. increased its holdings in Arlo Technologies by 9.6% in the 4th quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company’s stock valued at $124,000 after acquiring an additional 965 shares during the last quarter. Quest Partners LLC increased its holdings in Arlo Technologies by 283.0% in the 3rd quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock valued at $31,000 after acquiring an additional 1,882 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Arlo Technologies by 9.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,978 shares of the company’s stock worth $302,000 after acquiring an additional 2,253 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Arlo Technologies by 13.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 21,181 shares of the company’s stock worth $257,000 after acquiring an additional 2,520 shares during the last quarter. Finally, New York State Teachers Retirement System increased its stake in Arlo Technologies by 2.1% in the 3rd quarter. New York State Teachers Retirement System now owns 136,344 shares of the company’s stock worth $1,651,000 after acquiring an additional 2,774 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on ARLO shares. Craig Hallum lifted their price objective on Arlo Technologies from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday. BWS Financial reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Arlo Technologies in a research note on Friday.

Insider Activity

In other news, CEO Matthew Blake Mcrae sold 46,866 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $11.66, for a total transaction of $546,457.56. Following the transaction, the chief executive officer now owns 3,161,472 shares of the company’s stock, valued at approximately $36,862,763.52. The trade was a 1.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Brian Busse sold 9,007 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $11.66, for a total value of $105,021.62. Following the transaction, the general counsel now directly owns 602,458 shares in the company, valued at approximately $7,024,660.28. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 488,565 shares of company stock valued at $5,629,360. 3.80% of the stock is currently owned by insiders.

Arlo Technologies Stock Up 20.2 %

Arlo Technologies stock opened at $14.33 on Friday. The company’s 50-day moving average price is $11.63 and its 200-day moving average price is $11.68. Arlo Technologies, Inc. has a twelve month low of $9.92 and a twelve month high of $17.64. The company has a market cap of $1.44 billion, a PE ratio of -57.30 and a beta of 1.77.

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.