25,798 Shares in Arlo Technologies, Inc. (NYSE:ARLO) Bought by Bailard Inc.

Bailard Inc. bought a new stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,798 shares of the company’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Arlo Technologies by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,504,819 shares of the company’s stock worth $97,900,000 after purchasing an additional 451,236 shares during the period. Primecap Management Co. CA grew its position in shares of Arlo Technologies by 0.7% in the third quarter. Primecap Management Co. CA now owns 4,729,300 shares of the company’s stock valued at $48,712,000 after purchasing an additional 32,390 shares during the last quarter. Brandes Investment Partners LP increased its stake in shares of Arlo Technologies by 29.4% in the third quarter. Brandes Investment Partners LP now owns 4,150,886 shares of the company’s stock worth $42,754,000 after purchasing an additional 943,089 shares during the period. Cannell Capital LLC lifted its position in shares of Arlo Technologies by 7.5% during the 3rd quarter. Cannell Capital LLC now owns 2,322,123 shares of the company’s stock worth $23,918,000 after purchasing an additional 162,470 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Arlo Technologies by 328.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,534,778 shares of the company’s stock worth $15,808,000 after purchasing an additional 1,176,530 shares during the last quarter. Institutional investors and hedge funds own 83.18% of the company’s stock.

Arlo Technologies Stock Performance

Shares of ARLO stock opened at $12.11 on Tuesday. Arlo Technologies, Inc. has a 52 week low of $6.24 and a 52 week high of $13.34. The stock has a market capitalization of $1.16 billion, a PE ratio of -50.44 and a beta of 1.86. The stock’s fifty day moving average is $11.29 and its 200-day moving average is $9.83.

Arlo Technologies (NYSE:ARLO) last announced its earnings results on Thursday, February 29th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. Arlo Technologies had a negative net margin of 4.49% and a negative return on equity of 22.27%. The company had revenue of $135.09 million for the quarter, compared to analyst estimates of $135.05 million. As a group, analysts forecast that Arlo Technologies, Inc. will post -0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a “buy” rating and issued a $17.00 price objective on shares of Arlo Technologies in a research note on Wednesday, April 24th.

Insider Activity

In other Arlo Technologies news, General Counsel Brian Busse sold 56,973 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $11.68, for a total transaction of $665,444.64. Following the transaction, the general counsel now directly owns 604,905 shares in the company, valued at approximately $7,065,290.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Arlo Technologies news, General Counsel Brian Busse sold 56,973 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $11.68, for a total value of $665,444.64. Following the transaction, the general counsel now owns 604,905 shares of the company’s stock, valued at $7,065,290.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Miller Joycelyn Carter sold 32,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $9.04, for a total value of $289,280.00. Following the transaction, the director now owns 127,012 shares in the company, valued at approximately $1,148,188.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 362,386 shares of company stock valued at $3,947,459. Company insiders own 2.90% 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.