Arlo Technologies, Inc. (NYSE:ARLO) Shares Acquired by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC increased its holdings in Arlo Technologies, Inc. (NYSE:ARLO) by 11.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,249 shares of the company’s stock after acquiring an additional 4,235 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Arlo Technologies were worth $551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Arlo Technologies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 9,556,442 shares of the company’s stock valued at $90,977,000 after purchasing an additional 51,623 shares during the period. Cannell Capital LLC grew its holdings in shares of Arlo Technologies by 6.8% during the fourth quarter. Cannell Capital LLC now owns 2,480,703 shares of the company’s stock worth $23,616,000 after buying an additional 158,580 shares during the last quarter. Renaissance Technologies LLC increased its position in Arlo Technologies by 12.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,414,400 shares of the company’s stock valued at $18,444,000 after acquiring an additional 154,100 shares during the period. Engle Capital Management L.P. raised its stake in Arlo Technologies by 25.6% during the 2nd quarter. Engle Capital Management L.P. now owns 1,130,000 shares of the company’s stock valued at $14,735,000 after acquiring an additional 230,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Arlo Technologies by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 948,042 shares of the company’s stock worth $9,025,000 after acquiring an additional 58,620 shares during the period. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ARLO. Roth Mkm boosted their target price on Arlo Technologies from $16.50 to $18.00 and gave the company a “buy” rating in a report on Monday, July 22nd. BWS Financial reissued a “buy” rating and issued a $24.00 price objective on shares of Arlo Technologies in a research note on Friday.

Insiders Place Their Bets

In other news, Director Amy M. Rothstein sold 15,000 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $14.83, for a total value of $222,450.00. Following the completion of the transaction, the director now owns 75,032 shares in the company, valued at approximately $1,112,724.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Amy M. Rothstein sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $14.83, for a total value of $222,450.00. Following the sale, the director now owns 75,032 shares in the company, valued at approximately $1,112,724.56. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 completion of the acquisition, 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. Insiders own 3.80% of the company’s stock.

Arlo Technologies Price Performance

Shares of NYSE:ARLO opened at $11.83 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.48 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $12.61 and a 200 day moving average price of $12.80. Arlo Technologies, Inc. has a 52 week low of $7.77 and a 52 week high of $17.64. The company has a market cap of $1.15 billion, a P/E ratio of -65.72 and a beta of 1.76.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Arlo Technologies had a negative return on equity of 20.75% and a negative net margin of 4.19%. The firm had revenue of $127.45 million for the quarter, compared to the consensus estimate of $125.03 million. During the same period in the previous year, the business earned ($0.08) earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Research analysts predict 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.