Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder Sells 184,589 Shares

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 184,589 shares of Arlo Technologies stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $10.70, for a total value of $1,975,102.30. Following the completion of the sale, the chief financial officer now owns 977,457 shares of the company’s stock, valued at $10,458,789.90. The trade was a 15.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kurtis Joseph Binder also recently made the following trade(s):

• On Tuesday, March 4th, Kurtis Joseph Binder sold 12,155 shares of Arlo Technologies stock. The stock was sold at an average price of $11.50, for a total transaction of $139,782.50.

Arlo Technologies Trading Up 3.7 %

Shares of NYSE:ARLO traded up $0.39 during trading on Monday, reaching $10.92. The stock had a trading volume of 703,002 shares, compared to its average volume of 926,994. The firm’s 50-day simple moving average is $11.54 and its 200 day simple moving average is $11.58. Arlo Technologies, Inc. has a one year low of $9.92 and a one year high of $17.64. The company has a market capitalization of $1.12 billion, a P/E ratio of -43.69 and a beta of 1.66.

Institutional Investors Weigh In On Arlo Technologies

Institutional investors have recently bought and sold shares of the company. Quest Partners LLC lifted its holdings in shares of Arlo Technologies by 283.0% during the 3rd quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock valued at $31,000 after purchasing an additional 1,882 shares during the last quarter. Intech Investment Management LLC increased its position in Arlo Technologies by 30.5% during the 3rd quarter. Intech Investment Management LLC now owns 28,710 shares of the company’s stock valued at $348,000 after buying an additional 6,703 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Arlo Technologies in the third quarter valued at about $612,000. Charles Schwab Investment Management Inc. boosted its holdings in Arlo Technologies by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,400 shares of the company’s stock worth $12,551,000 after acquiring an additional 14,308 shares in the last quarter. Finally, Swedbank AB grew its stake 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. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARLO has been the subject of several research reports. Roth Capital set a $22.00 price target on shares of Arlo Technologies in a research report on Friday, February 28th. BWS Financial restated a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a report on Friday, February 28th. Finally, Craig Hallum lifted their price target on Arlo Technologies from $15.00 to $17.00 and gave the company a “buy” rating in a 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.