Arlo Technologies, Inc. (NYSE:ARLO) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its position in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,613 shares of the company’s stock after selling 3,568 shares during the period. Harbor Capital Advisors Inc.’s holdings in Arlo Technologies were worth $197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers grew its holdings in shares of Arlo Technologies by 3.3% in the second quarter. Rhumbline Advisers now owns 265,669 shares of the company’s stock valued at $3,464,000 after purchasing an additional 8,389 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Arlo Technologies by 250.3% in the second quarter. Victory Capital Management Inc. now owns 67,429 shares of the company’s stock worth $879,000 after acquiring an additional 48,178 shares in the last quarter. Arizona State Retirement System increased its position in shares of Arlo Technologies by 3.5% during the second quarter. Arizona State Retirement System now owns 25,577 shares of the company’s stock worth $334,000 after acquiring an additional 871 shares during the period. Texas Permanent School Fund Corp raised its stake in shares of Arlo Technologies by 12.1% in the second quarter. Texas Permanent School Fund Corp now owns 92,834 shares of the company’s stock valued at $1,211,000 after acquiring an additional 10,016 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Arlo Technologies by 12.2% in the second quarter. Renaissance Technologies LLC now owns 1,414,400 shares of the company’s stock valued at $18,444,000 after purchasing an additional 154,100 shares during the period. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Analyst Upgrades and Downgrades

ARLO has been the topic of several recent research reports. Craig Hallum cut their price target on Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, November 8th. BWS Financial reaffirmed a “buy” rating and issued a $24.00 target price on shares of Arlo Technologies in a report on Friday, November 8th.

Arlo Technologies Price Performance

Shares of NYSE ARLO opened at $11.59 on Wednesday. Arlo Technologies, Inc. has a 1 year low of $8.33 and a 1 year high of $17.64. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -46.36 and a beta of 1.77. The business has a 50-day moving average of $11.86 and a two-hundred day moving average of $12.35.

Insider Buying and Selling

In other news, General Counsel Brian Busse sold 27,588 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.54, for a total value of $318,365.52. Following the completion of the sale, the general counsel now directly owns 611,465 shares of the company’s stock, valued at approximately $7,056,306.10. The trade was a 4.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew Blake Mcrae sold 316,644 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $11.54, for a total value of $3,654,071.76. Following the transaction, the chief executive officer now owns 3,160,988 shares in the company, valued at $36,477,801.52. This represents a 9.11 % decrease in their position. The disclosure for this sale can be found here. 3.80% of the stock is owned by company insiders.

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.