Arlo Technologies, Inc. (NYSE:ARLO – Get Rating)’s share price hit a new 52-week high during trading on Friday after BWS Financial raised their price target on the stock from $8.00 to $11.00. The company traded as high as $8.40 and last traded at $8.18, with a volume of 1100908 shares changing hands. The stock had previously closed at $7.05.
Separately, Lake Street Capital lifted their price objective on shares of Arlo Technologies from $10.00 to $12.00 in a report on Friday.
Institutional Investors Weigh In On Arlo Technologies
A number of institutional investors have recently modified their holdings of ARLO. FMR LLC lifted its holdings in Arlo Technologies by 83.7% in the first quarter. FMR LLC now owns 4,979 shares of the company’s stock valued at $30,000 after acquiring an additional 2,269 shares during the period. Captrust Financial Advisors increased 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 worth $59,000 after buying an additional 2,732 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in Arlo Technologies by 733.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 9,297 shares of the company’s stock worth $32,000 after buying an additional 8,182 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Arlo Technologies by 82.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,704 shares of the company’s stock worth $34,000 after acquiring an additional 4,395 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY bought a new position in Arlo Technologies in the 1st quarter worth approximately $61,000. 72.87% of the stock is currently owned by institutional investors and hedge funds.
Arlo Technologies Stock Performance
Arlo Technologies Company Profile
Arlo Technologies, Inc engages in the provision and development of cloud infrastructure and mobile app for smart connected devices. It offers wire-free smart Wi-Fi and LTE-enabled cameras, advanced baby monitors, smart security lights, and audio doorbell. It operates through the following geographical segments: United States, Spain, Ireland, and Other Countries.
- Get a free copy of the StockNews.com research report on Arlo Technologies (ARLO)
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