Olympiad Research LP Has $252,000 Holdings in Arlo Technologies, Inc. (NYSE:ARLO)

Olympiad Research LP reduced its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 41.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,554 shares of the company’s stock after selling 15,900 shares during the quarter. Olympiad Research LP’s holdings in Arlo Technologies were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hennessy Advisors Inc. increased its holdings in Arlo Technologies by 9.6% in 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 during the period. D.A. Davidson & CO. increased its holdings in Arlo Technologies by 1.1% in the 4th quarter. D.A. Davidson & CO. now owns 91,914 shares of the company’s stock valued at $1,029,000 after buying an additional 1,018 shares during the period. Quest Partners LLC increased its holdings in Arlo Technologies by 283.0% in 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Arlo Technologies by 9.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,978 shares of the company’s stock valued at $302,000 after buying an additional 2,253 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in Arlo Technologies by 5.0% in the 4th quarter. Sanctuary Advisors LLC now owns 47,559 shares of the company’s stock valued at $555,000 after buying an additional 2,284 shares during the period. Institutional investors own 83.18% of the company’s stock.

Insider Activity at Arlo Technologies

In related news, CEO Matthew Blake Mcrae sold 316,644 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.54, for a total value of $3,654,071.76. Following the completion of the transaction, the chief executive officer now directly owns 3,160,988 shares of the company’s stock, valued at approximately $36,477,801.52. This trade represents a 9.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Brian Busse sold 27,588 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.54, for a total transaction of $318,365.52. Following the completion of the transaction, the general counsel now directly owns 611,465 shares of the company’s stock, valued at $7,056,306.10. This represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 488,565 shares of company stock worth $5,629,360 in the last ninety days. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

ARLO has been the topic of several analyst reports. BWS Financial reaffirmed a “buy” rating and issued a $24.00 target price on shares of Arlo Technologies in a report on Friday, November 8th. Craig Hallum lowered their target price on shares of Arlo Technologies from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, November 8th.

Arlo Technologies Trading Up 1.9 %

Arlo Technologies stock opened at $11.46 on Monday. The company has a market cap of $1.15 billion, a PE ratio of -45.82 and a beta of 1.77. The company’s 50-day moving average is $11.60 and its two-hundred day moving average is $11.67. Arlo Technologies, Inc. has a 1 year low of $8.63 and a 1 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.