Short Interest in Arlo Technologies, Inc. (NYSE:ARLO) Expands By … – MarketBeat

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Arlo Technologies, Inc. (NYSE:ARLO – Get Rating) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,040,000 shares, an increase of 7.9% from the November 30th total of 1,890,000 shares. Based on an average daily trading volume, of 686,800 shares, the short-interest ratio is presently 3.0 days.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ARLO shares. Raymond James cut their price objective on shares of Arlo Technologies from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 9th. BWS Financial cut their price objective on shares of Arlo Technologies from $15.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, November 9th.

Insider Activity

In other Arlo Technologies news, Director Grady Summers purchased 30,000 shares of Arlo Technologies stock in a transaction that occurred on Friday, November 11th. The shares were bought at an average price of $3.80 per share, for a total transaction of $114,000.00. Following the completion of the transaction, the director now owns 219,729 shares of the company’s stock, valued at approximately $834,970.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Arlo Technologies news, CEO Matthew Blake Mcrae purchased 20,400 shares of Arlo Technologies stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average price of $2.97 per share, for a total transaction of $60,588.00. Following the completion of the transaction, the chief executive officer now owns 1,724,039 shares of the company’s stock, valued at approximately $5,120,395.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Grady Summers purchased 30,000 shares of Arlo Technologies stock in a transaction that occurred on Friday, November 11th. The stock was acquired at an average price of $3.80 per share, for a total transaction of $114,000.00. Following the transaction, the director now directly owns 219,729 shares of the company’s stock, valued at approximately $834,970.20. The disclosure for this purchase can be found here. Insiders have purchased a total of 54,246 shares of company stock worth $190,203 over the last quarter. Insiders own 2.60% of the company’s stock.

Institutional Trading of Arlo Technologies

A number of large investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. boosted its stake in shares of Arlo Technologies by 12.4% during the second quarter. Fox Run Management L.L.C. now owns 14,894 shares of the company’s stock valued at $93,000 after purchasing an additional 1,644 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in Arlo Technologies by 0.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 411,221 shares of the company’s stock worth $3,643,000 after acquiring an additional 2,150 shares during the period. Mutual of America Capital Management LLC lifted its stake in Arlo Technologies by 20.1% in the second quarter. Mutual of America Capital Management LLC now owns 14,588 shares of the company’s stock worth $91,000 after acquiring an additional 2,441 shares during the period. Captrust Financial Advisors lifted its stake in Arlo Technologies by 70.3% in the first quarter. Captrust Financial Advisors now owns 6,619 shares of the company’s stock worth $59,000 after acquiring an additional 2,732 shares during the period. Finally, Texas Permanent School Fund lifted its stake in Arlo Technologies by 5.0% in the second quarter. Texas Permanent School Fund now owns 62,781 shares of the company’s stock worth $394,000 after acquiring an additional 3,017 shares during the period. 72.87% of the stock is owned by hedge funds and other institutional investors.

Arlo Technologies Stock Up 1.4 %

Shares of ARLO traded up $0.05 during trading hours on Tuesday, reaching $3.56. 2,661 shares of the company traded hands, compared to its average volume of 637,464. Arlo Technologies has a 12-month low of $2.93 and a 12-month high of $11.79. The stock’s fifty day moving average price is $3.92 and its 200 day moving average price is $5.26.

About Arlo Technologies

(Get Rating)
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. It combines an intelligent cloud infrastructure and mobile app with various smart connected devices. The company offers Arlo essential indoor camera; Arlo Go 2 LTE/Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allows users to monitor their surroundings; and Arlo Go, an LTE-enabled wire-free camera that provides untethered mobile security.

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