Teton Advisors Inc. Sells 10,000 Shares of Arlo Technologies, Inc. (NYSE:ARLO)

Teton Advisors Inc. reduced its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,000 shares of the company’s stock after selling 10,000 shares during the quarter. Teton Advisors Inc. owned 0.12% of Arlo Technologies worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in Arlo Technologies in the third quarter valued at about $38,000. Victory Capital Management Inc. lifted its holdings in Arlo Technologies by 9.7% in the third quarter. Victory Capital Management Inc. now owns 15,625 shares of the company’s stock valued at $161,000 after acquiring an additional 1,378 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Arlo Technologies by 51.0% in the third quarter. Harbor Capital Advisors Inc. now owns 16,458 shares of the company’s stock valued at $170,000 after acquiring an additional 5,561 shares during the period. Strs Ohio lifted its holdings in Arlo Technologies by 7.3% in the fourth quarter. Strs Ohio now owns 19,200 shares of the company’s stock valued at $182,000 after acquiring an additional 1,300 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Arlo Technologies in the third quarter valued at about $184,000. 83.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Arlo Technologies Stock Up 6.1 %

Shares of NYSE ARLO traded up $0.74 during trading on Thursday, hitting $12.87. The company had a trading volume of 836,130 shares, compared to its average volume of 984,024. The stock has a 50 day simple moving average of $11.43 and a 200 day simple moving average of $9.88. Arlo Technologies, Inc. has a 12 month low of $6.24 and a 12 month high of $13.34.

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

Insider Transactions at Arlo Technologies

In related news, General Counsel Brian Busse sold 42,161 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $10.97, for a total transaction of $462,506.17. Following the completion of the sale, the general counsel now owns 661,878 shares in the company, valued at $7,260,801.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Kurtis Joseph Binder sold 99,038 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $10.93, for a total transaction of $1,082,485.34. Following the completion of the sale, the chief financial officer now owns 720,800 shares in the company, valued at $7,878,344. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Brian Busse sold 42,161 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $10.97, for a total value of $462,506.17. Following the transaction, the general counsel now owns 661,878 shares of the company’s stock, valued at approximately $7,260,801.66. The disclosure for this sale can be found here. Insiders have sold 330,386 shares of company stock valued at $3,658,179 over the last quarter. 2.90% of the stock is currently owned by company insiders.

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.