Arlo Technologies, Inc. (NYSE:ARLO) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in Arlo Technologies, Inc. (NYSE:ARLO) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,175 shares of the company’s stock after selling 1,010 shares during the period. Amalgamated Bank’s holdings in Arlo Technologies were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC raised its holdings in Arlo Technologies by 33.6% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 69,519 shares of the company’s stock worth $662,000 after purchasing an additional 17,500 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Arlo Technologies by 87.5% in the 4th quarter. Westwood Holdings Group Inc. now owns 216,890 shares of the company’s stock worth $2,065,000 after purchasing an additional 101,194 shares in the last quarter. Cannell Capital LLC lifted its stake in Arlo Technologies by 6.8% during the fourth quarter. Cannell Capital LLC now owns 2,480,703 shares of the company’s stock valued at $23,616,000 after purchasing an additional 158,580 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Arlo Technologies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 9,556,442 shares of the company’s stock worth $90,977,000 after buying an additional 51,623 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in Arlo Technologies in the first quarter worth approximately $274,000. 83.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Arlo Technologies

In related news, Director Amy M. Rothstein sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $14.83, for a total transaction of $222,450.00. Following the completion of the sale, the director now directly owns 75,032 shares in the company, valued at $1,112,724.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Amy M. Rothstein sold 15,000 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $14.83, for a total transaction of $222,450.00. Following the completion of the sale, the director now directly owns 75,032 shares in the company, valued at $1,112,724.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ralph E. Faison acquired 8,842 shares of Arlo Technologies stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $11.89 per share, with a total value of $105,131.38. Following the transaction, the director now owns 385,599 shares of the company’s stock, valued at approximately $4,584,772.11. The disclosure for this purchase can be found here. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Roth Mkm raised their price objective on Arlo Technologies from $16.50 to $18.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. BWS Financial reaffirmed a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a report on Friday.

Arlo Technologies Stock Down 1.2 %

Shares of NYSE:ARLO opened at $11.83 on Monday. The firm has a 50 day simple moving average of $12.61 and a 200 day simple moving average of $12.81. Arlo Technologies, Inc. has a 52 week low of $7.77 and a 52 week high of $17.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.48. The company has a market cap of $1.15 billion, a PE ratio of -65.72 and a beta of 1.76.

Arlo Technologies (NYSE:ARLO) last issued its earnings results on Thursday, August 8th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $127.45 million during the quarter, compared to analysts’ expectations of $125.03 million. Arlo Technologies had a negative return on equity of 20.75% and a negative net margin of 4.19%. Arlo Technologies’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) earnings per share. As a group, research analysts expect that Arlo Technologies, Inc. will post -0.4 earnings per share for the current year.

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.