Geode Capital Management LLC Raises Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

Geode Capital Management LLC boosted its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,192,273 shares of the company’s stock after buying an additional 48,221 shares during the period. Geode Capital Management LLC owned 2.18% of Arlo Technologies worth $26,554,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Raymond James & Associates lifted its stake in shares of Arlo Technologies by 472.8% during the 2nd quarter. Raymond James & Associates now owns 359,926 shares of the company’s stock worth $4,693,000 after purchasing an additional 297,088 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Arlo Technologies by 4.7% during the second quarter. Louisiana State Employees Retirement System now owns 49,100 shares of the company’s stock valued at $640,000 after buying an additional 2,200 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Arlo Technologies during the second quarter valued at about $174,000. Natixis Advisors LLC purchased a new position in shares of Arlo Technologies in the 2nd quarter worth approximately $236,000. Finally, Chilton Capital Management LLC bought a new position in shares of Arlo Technologies during the 2nd quarter worth approximately $33,000. Institutional investors own 83.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ARLO shares. Craig Hallum lowered their target price on shares of Arlo Technologies from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 8th. BWS Financial restated a “buy” rating and set a $24.00 target price on shares of Arlo Technologies in a research note on Friday, November 8th.

Insider Transactions at Arlo Technologies

In related news, CEO Matthew Blake Mcrae sold 316,644 shares of Arlo Technologies stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.54, for a total transaction of $3,654,071.76. Following the completion of the sale, the chief executive officer now owns 3,160,988 shares of the company’s stock, valued at $36,477,801.52. The trade was a 9.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kurtis Joseph Binder sold 7,098 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $11.94, for a total value of $84,750.12. Following the completion of the sale, the chief financial officer now owns 892,595 shares in the company, valued at approximately $10,657,584.30. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 351,330 shares of company stock worth $4,057,187. Company insiders own 3.80% of the company’s stock.

Arlo Technologies Trading Up 2.0 %

NYSE:ARLO opened at $11.77 on Friday. Arlo Technologies, Inc. has a twelve month low of $8.33 and a twelve month high of $17.64. The company has a market cap of $1.18 billion, a PE ratio of -47.08 and a beta of 1.79. The company’s 50 day moving average is $11.72 and its two-hundred day moving average is $12.51.

Arlo Technologies Company 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.