Great West Life Assurance Co. Can Makes New $459,000 Investment in Arlo Technologies, Inc. (NYSE:ARLO)

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Arlo Technologies logoGreat 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 %

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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

Want to see what other hedge funds are holding ARLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arlo Technologies, Inc. (NYSE:ARLO – Get Rating).

Institutional Ownership by Quarter for Arlo Technologies (NYSE:ARLO)

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