Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Brian Busse Sells 26,258 Shares

Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Brian Busse sold 26,258 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $10.70, for a total transaction of $280,960.60. Following the transaction, the general counsel now directly owns 636,485 shares in the company, valued at $6,810,389.50. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Brian Busse also recently made the following trade(s):

• On Tuesday, March 4th, Brian Busse sold 6,593 shares of Arlo Technologies stock. The stock was sold at an average price of $11.50, for a total value of $75,819.50.
• On Wednesday, February 12th, Brian Busse sold 17,669 shares of Arlo Technologies stock. The shares were sold at an average price of $11.11, for a total value of $196,302.59.
• On Wednesday, February 5th, Brian Busse sold 11,475 shares of Arlo Technologies stock. The stock was sold at an average price of $11.43, for a total transaction of $131,159.25.
• On Wednesday, January 29th, Brian Busse sold 9,007 shares of Arlo Technologies stock. The shares were sold at an average price of $11.66, for a total value of $105,021.62.

Arlo Technologies Price Performance

Shares of ARLO stock traded up $0.39 during trading hours on Monday, reaching $10.92. The company had a trading volume of 703,002 shares, compared to its average volume of 926,994. Arlo Technologies, Inc. has a 1-year low of $9.92 and a 1-year high of $17.64. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -43.69 and a beta of 1.66. The company has a 50 day moving average of $11.54 and a 200 day moving average of $11.58.

Institutional Trading of Arlo Technologies

A number of large investors have recently made changes to their positions in ARLO. Vanguard Group Inc. lifted its holdings in shares of Arlo Technologies by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 9,821,417 shares of the company’s stock valued at $109,902,000 after purchasing an additional 166,823 shares in the last quarter. Brandes Investment Partners LP lifted its stake in Arlo Technologies by 7.0% in the fourth quarter. Brandes Investment Partners LP now owns 5,732,547 shares of the company’s stock valued at $64,147,000 after buying an additional 375,903 shares in the last quarter. Wasatch Advisors LP lifted its stake in Arlo Technologies by 21.1% in the fourth quarter. Wasatch Advisors LP now owns 4,537,333 shares of the company’s stock valued at $50,773,000 after buying an additional 790,549 shares in the last quarter. State Street Corp boosted its holdings in shares of Arlo Technologies by 0.6% in the third quarter. State Street Corp now owns 4,269,561 shares of the company’s stock valued at $51,704,000 after buying an additional 26,492 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Arlo Technologies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,219,076 shares of the company’s stock valued at $24,838,000 after purchasing an additional 26,803 shares during the period. Institutional investors own 83.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ARLO shares. BWS Financial reiterated a “buy” rating and set a $24.00 price target on shares of Arlo Technologies in a research note on Friday, February 28th. Craig Hallum lifted their target price on shares of Arlo Technologies from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, Roth Capital set a $22.00 price target on shares of Arlo Technologies in a research 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.