Mutual of America Capital Management LLC Has $8.67 Million Stock Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

Mutual of America Capital Management LLC lifted its stake in Arlo Technologies, Inc. (NYSE:ARLO) by 18.0% during the third quarter, HoldingsChannel reports. The fund owned 716,280 shares of the company’s stock after purchasing an additional 109,200 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Arlo Technologies were worth $8,674,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ARLO. Chilton Capital Management LLC acquired a new position in shares of Arlo Technologies in the second quarter worth $33,000. GAMMA Investing LLC increased its stake in shares of Arlo Technologies by 34.9% in the second quarter. GAMMA Investing LLC now owns 3,246 shares of the company’s stock worth $42,000 after acquiring an additional 840 shares during the last quarter. CWM LLC increased its stake in shares of Arlo Technologies by 90.5% in the second quarter. CWM LLC now owns 3,742 shares of the company’s stock worth $49,000 after acquiring an additional 1,778 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Arlo Technologies in the second quarter worth $62,000. Finally, Hennessy Advisors Inc. acquired a new position in Arlo Technologies during the second quarter worth $138,000. 83.18% of the stock is owned by institutional investors and hedge funds.

Arlo Technologies Price Performance

ARLO stock opened at $11.23 on Tuesday. Arlo Technologies, Inc. has a 52-week low of $8.33 and a 52-week high of $17.64. The company has a 50-day moving average of $11.38 and a two-hundred day moving average of $12.69. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -44.90 and a beta of 1.78.

Insider Buying and Selling at Arlo Technologies

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 7,098 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $11.94, for a total transaction of $84,750.12. Following the completion of the sale, the chief financial officer now directly owns 892,595 shares in the company, valued at $10,657,584.30. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ARLO. Craig Hallum lowered their target price on shares of Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. BWS Financial reissued a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a research report on Friday, November 8th. Finally, Roth Mkm increased their target price on shares of Arlo Technologies from $16.50 to $18.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd.

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.