Charles Schwab Investment Management Inc. Acquires 10,505 Shares of Arlo Technologies, Inc. (NYSE:ARLO)

Charles Schwab Investment Management Inc. increased its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,046,905 shares of the company’s stock after acquiring an additional 10,505 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Arlo Technologies were worth $11,715,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC increased its position in Arlo Technologies by 283.0% during the 3rd quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock worth $31,000 after purchasing an additional 1,882 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Arlo Technologies during the third quarter worth $1,193,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Arlo Technologies by 25.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 783,851 shares of the company’s stock worth $9,492,000 after buying an additional 161,346 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of 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 acquiring an additional 6,703 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in Arlo Technologies during the 3rd quarter worth $612,000. Institutional investors and hedge funds own 83.18% of the company’s stock.

Analyst Ratings Changes

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

Arlo Technologies Trading Down 2.0 %

Shares of ARLO opened at $10.49 on Friday. The firm’s fifty day simple moving average is $11.54 and its two-hundred day simple moving average is $11.58. Arlo Technologies, Inc. has a 12 month low of $9.92 and a 12 month high of $17.64. The stock has a market capitalization of $1.07 billion, a P/E ratio of -41.96 and a beta of 1.66.

Insider Activity at Arlo Technologies

In related news, General Counsel Brian Busse sold 9,007 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $11.66, for a total value of $105,021.62. Following the sale, the general counsel now owns 602,458 shares in the company, valued at $7,024,660.28. This represents a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew Blake Mcrae sold 46,866 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $11.66, for a total value of $546,457.56. Following the sale, the chief executive officer now owns 3,161,472 shares of the company’s stock, valued at $36,862,763.52. This trade represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 648,743 shares of company stock worth $7,503,028 in the last 90 days. Corporate insiders own 3.80% of the company’s stock.

About Arlo Technologies

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.