Arlo Technologies, Inc. (NYSE:ARLO) Director Amy M. Rothstein Sells 25,000 Shares

Arlo Technologies, Inc. (NYSE:ARLO) Director Amy M. Rothstein sold 25,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $13.37, for a total value of $334,250.00. Following the transaction, the director now directly owns 76,271 shares of the company’s stock, valued at approximately $1,019,743.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Arlo Technologies Stock Performance

NYSE:ARLO traded up $0.13 during mid-day trading on Monday, reaching $12.95. The stock had a trading volume of 314,222 shares, compared to its average volume of 1,009,609. Arlo Technologies, Inc. has a one year low of $7.77 and a one year high of $14.52. The firm has a 50 day moving average price of $12.40 and a two-hundred day moving average price of $10.84. The stock has a market capitalization of $1.26 billion, a P/E ratio of -71.78 and a beta of 1.86.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). Arlo Technologies had a negative net margin of 3.46% and a negative return on equity of 16.71%. The business had revenue of $124.20 million during the quarter, compared to analysts’ expectations of $124.06 million. Research analysts forecast that Arlo Technologies, Inc. will post -0.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ARLO. Acadian Asset Management LLC bought a new stake in shares of Arlo Technologies in the 3rd quarter valued at about $38,000. SG Americas Securities LLC bought a new stake in Arlo Technologies in the first quarter valued at approximately $190,000. Victory Capital Management Inc. boosted its stake in shares of Arlo Technologies by 9.7% during the third quarter. Victory Capital Management Inc. now owns 15,625 shares of the company’s stock valued at $161,000 after purchasing an additional 1,378 shares during the period. ProShare Advisors LLC boosted its stake in shares of Arlo Technologies by 7.3% during the first quarter. ProShare Advisors LLC now owns 18,158 shares of the company’s stock valued at $230,000 after purchasing an additional 1,241 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Arlo Technologies by 14.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 18,769 shares of the company’s stock worth $179,000 after purchasing an additional 2,311 shares during the last quarter. 83.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on ARLO. BWS Financial reiterated a “buy” rating and set a $17.00 target price on shares of Arlo Technologies in a research report on Friday, May 10th. Craig Hallum raised their price objective on shares of Arlo Technologies from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Roth Mkm upped their target price on shares of Arlo Technologies from $13.75 to $16.50 and gave the stock a “buy” rating in a research report on Friday, May 10th.

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.