WINTON GROUP Ltd Has $1.14 Million Stock Position in Arlo Technologies, Inc. (NYSE:ARLO)

WINTON GROUP Ltd increased its position in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,633 shares of the company’s stock after acquiring an additional 11,613 shares during the quarter. WINTON GROUP Ltd owned 0.10% of Arlo Technologies worth $1,137,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ARLO. Smartleaf Asset Management LLC raised its stake in Arlo Technologies by 104.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,331 shares of the company’s stock valued at $26,000 after purchasing an additional 1,191 shares during the period. Quest Partners LLC boosted its position in shares of 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 buying an additional 1,882 shares during the period. KBC Group NV grew its holdings in shares of Arlo Technologies by 106.8% during the fourth quarter. KBC Group NV now owns 6,167 shares of the company’s stock valued at $69,000 after buying an additional 3,185 shares in the last quarter. Ieq Capital LLC acquired a new position in Arlo Technologies during the fourth quarter valued at $121,000. Finally, Hennessy Advisors Inc. lifted its stake in Arlo Technologies by 9.6% in the 4th quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company’s stock worth $124,000 after acquiring an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Insider Activity at Arlo Technologies

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 46,866 shares of the stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $11.66, for a total transaction of $546,457.56. Following the transaction, the chief executive officer now directly owns 3,161,472 shares of the company’s stock, valued at $36,862,763.52. This represents a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kurtis Joseph Binder sold 12,155 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.50, for a total value of $139,782.50. Following the completion of the sale, the chief financial officer now directly owns 837,906 shares of the company’s stock, valued at $9,635,919. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,017,441 shares of company stock valued at $11,448,097. 3.80% of the stock is currently owned by corporate insiders.

Arlo Technologies Price Performance

ARLO opened at $10.28 on Friday. The company has a market capitalization of $1.05 billion, a PE ratio of -41.12 and a beta of 1.66. Arlo Technologies, Inc. has a fifty-two week low of $9.92 and a fifty-two week high of $17.64. The business has a 50-day moving average of $11.44 and a 200-day moving average of $11.56.

Analyst Ratings Changes

ARLO has been the topic of several research analyst reports. Roth Capital set a $22.00 target price on Arlo Technologies in a research note on Friday, February 28th. BWS Financial reaffirmed a “buy” rating and set a $24.00 price objective on shares of Arlo Technologies in a research report on Friday, February 28th. Finally, Craig Hallum increased their target price on shares of 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 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.