Arlo Technologies, Inc. (NYSE:ARLO) CEO Matthew Blake Mcrae Sells 46,866 Shares

Arlo Technologies, Inc. (NYSE:ARLO) CEO Matthew Blake Mcrae sold 46,866 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $11.66, for a total transaction of $546,457.56. Following the sale, the chief executive officer now owns 3,161,472 shares of the company’s stock, valued at $36,862,763.52. This trade represents a 1.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Matthew Blake Mcrae also recently made the following trade(s):

• On Monday, December 2nd, Matthew Blake Mcrae sold 316,644 shares of Arlo Technologies stock. The stock was sold at an average price of $11.54, for a total transaction of $3,654,071.76.

Arlo Technologies Trading Down 0.1 %

Shares of ARLO stock opened at $11.71 on Friday. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -46.82 and a beta of 1.77. The firm’s 50 day moving average is $11.89 and its 200-day moving average is $12.16. Arlo Technologies, Inc. has a 1 year low of $8.38 and a 1 year high of $17.64.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Swedbank AB raised its position in shares of Arlo Technologies by 37.5% during the third quarter. Swedbank AB now owns 1,100,000 shares of the company’s stock worth $13,321,000 after acquiring an additional 300,000 shares during the last quarter. Needham Investment Management LLC increased its position in Arlo Technologies by 29.1% in the third quarter. Needham Investment Management LLC now owns 1,265,000 shares of the company’s stock worth $15,319,000 after purchasing an additional 285,000 shares during the period. Wasatch Advisors LP raised its holdings in 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 purchasing an additional 247,160 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in Arlo Technologies by 26.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,029,209 shares of the company’s stock valued at $12,463,000 after purchasing an additional 216,870 shares during the period. Finally, Rice Hall James & Associates LLC boosted its stake in shares of Arlo Technologies by 4.9% in the 3rd quarter. Rice Hall James & Associates LLC now owns 4,069,476 shares of the company’s stock valued at $49,281,000 after purchasing an additional 191,536 shares during the last quarter. Institutional investors and hedge funds own 83.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BWS Financial reissued a “buy” rating and issued a $24.00 target price on shares of Arlo Technologies in a report on Friday, November 8th. Craig Hallum decreased their target price on Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, November 8th.

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.