Rice Hall James & Associates LLC Has $45.55 Million Stock Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

Rice Hall James & Associates LLC lifted its position in Arlo Technologies, Inc. (NYSE:ARLO) by 0.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,070,874 shares of the company’s stock after acquiring an additional 1,398 shares during the period. Arlo Technologies comprises 2.5% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 5th largest holding. Rice Hall James & Associates LLC’s holdings in Arlo Technologies were worth $45,553,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC lifted its holdings in Arlo Technologies by 283.0% during the 3rd quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock valued at $31,000 after buying an additional 1,882 shares in the last quarter. KBC Group NV lifted its holdings in Arlo Technologies by 106.8% during the 4th quarter. KBC Group NV now owns 6,167 shares of the company’s stock valued at $69,000 after buying an additional 3,185 shares in the last quarter. Hennessy Advisors Inc. lifted its holdings in Arlo Technologies by 9.6% during the 4th quarter. Hennessy Advisors Inc. now owns 11,052 shares of the company’s stock valued at $124,000 after buying an additional 965 shares in the last quarter. Choreo LLC bought a new stake in Arlo Technologies during the 4th quarter valued at about $154,000. Finally, Versor Investments LP bought a new stake in Arlo Technologies during the 3rd quarter valued at about $178,000. Institutional investors own 83.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. BWS Financial reiterated a “buy” rating and set a $24.00 price objective on shares of Arlo Technologies in a report on Friday, November 8th. Craig Hallum cut their target price on shares of Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, November 8th.

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, General Counsel Brian Busse sold 9,007 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $11.66, for a total transaction of $105,021.62. Following the sale, the general counsel now owns 602,458 shares of the company’s stock, valued at approximately $7,024,660.28. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew Blake Mcrae sold 316,644 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 3,160,988 shares in the company, valued at approximately $36,477,801.52. This represents a 9.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 488,565 shares of company stock valued at $5,629,360 in the last 90 days. Insiders own 3.80% of the company’s stock.

Arlo Technologies Stock Performance

NYSE ARLO opened at $11.57 on Tuesday. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -46.26 and a beta of 1.77. The company’s 50-day simple moving average is $11.72 and its two-hundred day simple moving average is $11.72. Arlo Technologies, Inc. has a one year low of $8.56 and a one year high of $17.64.

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.