Great West Life Assurance Co. Can bought a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO – Get Rating) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 98,868 shares of the company’s stock, valued at approximately $459,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV acquired a new stake in Arlo Technologies during the second quarter worth $46,000. Captrust Financial Advisors grew its stake in shares of Arlo Technologies by 70.3% in the first quarter. Captrust Financial Advisors now owns 6,619 shares of the company’s stock valued at $59,000 after buying an additional 2,732 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Arlo Technologies in the second quarter valued at $68,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Arlo Technologies in the second quarter valued at $77,000. Finally, the Teacher Retirement System of Texas acquired a new stake in shares of Arlo Technologies in the second quarter valued at $82,000. Institutional investors and hedge funds own 72.87% of the company’s stock.
Insiders Place Their Bets
In other Arlo Technologies news, Director Grady Summers purchased 30,000 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was purchased at an average cost of $3.80 per share, with a total value of $114,000.00. Following the acquisition, the director now directly owns 219,729 shares of the company’s stock, valued at $834,970.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible via this hyperlink. In other Arlo Technologies news, Director Grady Summers purchased 30,000 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was purchased at an average cost of $3.80 per share, with a total value of $114,000.00. Following the acquisition, the director now directly owns 219,729 shares of the company’s stock, valued at $834,970.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible via this hyperlink. Also, CEO Matthew Blake Mcrae purchased 20,400 shares of the firm’s stock in a transaction on Wednesday, November 9th. The shares were acquired at an average cost of $2.97 per share, with a total value of $60,588.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,724,039 shares in the company, valued at $5,120,395.83. The disclosure for this purchase can be found here. Insiders acquired 54,246 shares of company stock valued at $190,203 in the last ninety days. Insiders own 2.60% of the company’s stock.
Arlo Technologies Trading Up 0.2 %
NYSE:ARLO opened at $4.32 on Friday. The firm has a market cap of $382.19 million, a PE ratio of -9.19 and a beta of 1.56. The stock has a fifty day moving average price of $3.65 and a 200 day moving average price of $4.87. Arlo Technologies, Inc. has a 12-month low of $2.93 and a 12-month high of $11.79.
Arlo Technologies (NYSE:ARLO – Get Rating) last released its earnings results on Tuesday, November 8th. The company reported earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The firm had revenue of $128.16 million during the quarter, compared to analyst estimates of $127.48 million. Arlo Technologies had a negative return on equity of 38.49% and a negative net margin of 8.02%. Equities analysts forecast that Arlo Technologies, Inc. will post -0.62 EPS for the current year.
Analysts Set New Price Targets
ARLO has been the subject of a number of research reports. Raymond James dropped their price objective on Arlo Technologies from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday, November 9th. BWS Financial dropped their price objective on Arlo Technologies from $15.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, November 9th.
About Arlo Technologies
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Arlo Technologies, Inc engages in the provision and development of cloud infrastructure and mobile apps for smart connected devices. It offers wire-free smart Wi-Fi and LTE-enabled cameras, advanced baby monitors, smart security lights, and audio doorbell. The company was founded in January 2018 and is headquartered in Carlsbad, CA.
See Also
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