Yousif Capital Management LLC Has $485,000 Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

Yousif Capital Management LLC lifted its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 9.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 50,981 shares of the company’s stock after buying an additional 4,342 shares during the period. Yousif Capital Management LLC’s holdings in Arlo Technologies were worth $485,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in Arlo Technologies by 328.4% in the third 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 period. Brandes Investment Partners LP grew its stake in shares of Arlo Technologies by 29.4% in the 3rd quarter. Brandes Investment Partners LP now owns 4,150,886 shares of the company’s stock valued at $42,754,000 after buying an additional 943,089 shares during the period. Charles Schwab Investment Management Inc. increased its position in Arlo Technologies by 229.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 889,422 shares of the company’s stock valued at $9,161,000 after buying an additional 619,049 shares in the last quarter. Vanguard Group Inc. increased its position in Arlo Technologies by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,504,819 shares of the company’s stock valued at $97,900,000 after buying an additional 451,236 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Arlo Technologies by 89.6% during the 3rd quarter. Federated Hermes Inc. now owns 944,093 shares of the company’s stock worth $9,724,000 after buying an additional 446,270 shares during the period. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Price Performance

NYSE:ARLO opened at $12.96 on Monday. Arlo Technologies, Inc. has a one year low of $6.28 and a one year high of $13.34. The company has a market cap of $1.26 billion, a PE ratio of -54.00 and a beta of 1.87. The firm has a 50-day moving average of $11.59 and a 200-day moving average of $9.94.

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

Insider Buying and Selling

In other Arlo Technologies news, General Counsel Brian Busse sold 42,161 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $10.97, for a total transaction of $462,506.17. Following the transaction, the general counsel now directly owns 661,878 shares in the company, valued at approximately $7,260,801.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Arlo Technologies news, General Counsel Brian Busse sold 42,161 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $10.97, for a total value of $462,506.17. Following the completion of the sale, the general counsel now directly owns 661,878 shares of the company’s stock, valued at approximately $7,260,801.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Blake Mcrae sold 132,214 shares of Arlo Technologies stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $10.95, for a total transaction of $1,447,743.30. Following the transaction, the chief executive officer now directly owns 2,314,950 shares in the company, valued at approximately $25,348,702.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 330,386 shares of company stock worth $3,658,179. 2.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.