Arlo Technologies, Inc. (NYSE:ARLO) Holdings Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,046,905 shares of the company’s stock after buying an additional 10,505 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.04% of Arlo Technologies worth $11,715,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its position in Arlo Technologies by 0.6% during the third quarter. State Street Corp now owns 4,269,561 shares of the company’s stock valued at $51,704,000 after acquiring an additional 26,492 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of Arlo Technologies by 7.1% during the 3rd quarter. Wasatch Advisors LP now owns 3,746,784 shares of the company’s stock worth $45,374,000 after acquiring an additional 247,160 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Arlo Technologies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,192,273 shares of the company’s stock valued at $26,554,000 after acquiring an additional 48,221 shares during the last quarter. Needham Investment Management LLC raised its stake in shares of Arlo Technologies by 29.1% in the 3rd quarter. Needham Investment Management LLC now owns 1,265,000 shares of the company’s stock valued at $15,319,000 after acquiring an additional 285,000 shares in the last quarter. Finally, Swedbank AB lifted its holdings in Arlo Technologies by 9.1% in the 4th quarter. Swedbank AB now owns 1,200,000 shares of the company’s stock worth $13,428,000 after purchasing an additional 100,000 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Arlo Technologies Stock Performance

Shares of ARLO opened at $10.49 on Friday. The stock has a fifty day moving average price of $11.54 and a two-hundred day moving average price of $11.58. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -41.96 and a beta of 1.66. Arlo Technologies, Inc. has a 52-week low of $9.92 and a 52-week high of $17.64.

Insider Buying and Selling

In related news, CEO Matthew Blake Mcrae sold 259,227 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $12.03, for a total transaction of $3,118,500.81. Following the completion of the sale, the chief executive officer now directly owns 2,945,905 shares of the company’s stock, valued at approximately $35,439,237.15. This represents a 8.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Brian Busse sold 6,593 shares of Arlo Technologies stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.50, for a total transaction of $75,819.50. Following the completion of the transaction, the general counsel now directly owns 612,743 shares in the company, valued at approximately $7,046,544.50. The trade was a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 648,743 shares of company stock worth $7,503,028 over the last three months. 3.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ARLO has been the topic of several recent analyst reports. BWS Financial reiterated a “buy” rating and issued a $24.00 target price on shares of Arlo Technologies in a report on Friday, February 28th. Roth Capital set a $22.00 price objective on Arlo Technologies in a research note on Friday, February 28th. Finally, Craig Hallum boosted their price objective on Arlo Technologies from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 28th.

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.