New York State Common Retirement Fund Acquires 3505 Shares of Arlo Technologies, Inc. (NYSE:ARLO) – Defense World
Posted by admin on Aug 20th, 2022 
New York State Common Retirement Fund lifted its holdings in Arlo Technologies, Inc. (NYSE:ARLO – Get Rating) by 7.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,400 shares of the company’s stock after purchasing an additional 3,505 shares during the period. New York State Common Retirement Fund owned about 0.06% of Arlo Technologies worth $464,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new stake in Arlo Technologies in the 1st quarter worth approximately $139,000. SG Americas Securities LLC increased its holdings in Arlo Technologies by 84.4% in the 1st quarter. SG Americas Securities LLC now owns 120,568 shares of the company’s stock worth $1,068,000 after acquiring an additional 55,179 shares in the last quarter. Comerica Bank increased its holdings in Arlo Technologies by 5.7% in the 1st quarter. Comerica Bank now owns 72,701 shares of the company’s stock worth $601,000 after acquiring an additional 3,935 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Arlo Technologies by 140.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 405,841 shares of the company’s stock worth $3,596,000 after acquiring an additional 236,796 shares in the last quarter. Finally, KB Financial Partners LLC purchased a new stake in Arlo Technologies during the 4th quarter valued at approximately $303,000. 69.61% of the stock is owned by hedge funds and other institutional investors.
NYSE ARLO opened at $6.63 on Friday. The company has a market capitalization of $581.00 million, a P/E ratio of -13.53 and a beta of 1.62. Arlo Technologies, Inc. has a one year low of $5.52 and a one year high of $11.79. The stock has a 50 day moving average price of $6.67 and a 200-day moving average price of $7.75.
Arlo Technologies (NYSE:ARLO – Get Rating) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. Arlo Technologies had a negative return on equity of 38.13% and a negative net margin of 8.44%. The company had revenue of $118.98 million during the quarter, compared to the consensus estimate of $110.37 million. During the same period last year, the company earned ($0.28) earnings per share. Arlo Technologies’s revenue was up 20.7% on a year-over-year basis. As a group, equities analysts predict that Arlo Technologies, Inc. will post -0.65 EPS for the current fiscal year.
In other Arlo Technologies news, CFO Gordon Mattingly sold 25,000 shares of Arlo Technologies stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $7.01, for a total value of $175,250.00. Following the transaction, the chief financial officer now owns 682,209 shares in the company, valued at $4,782,285.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Arlo Technologies news, Director Prashant Aggarwal sold 122,636 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $8.00, for a total value of $981,088.00. Following the completion of the sale, the director now owns 27,397 shares of the company’s stock, valued at $219,176. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Gordon Mattingly sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $7.01, for a total value of $175,250.00. Following the completion of the sale, the chief financial officer now directly owns 682,209 shares of the company’s stock, valued at approximately $4,782,285.09. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 182,636 shares of company stock worth $1,436,338. Company insiders own 2.60% of the company’s stock.
(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.
Receive News & Ratings for Arlo Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Arlo Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.
New York State Common Retirement Fund Acquires 5,345 Shares of James Hardie Industries plc (NYSE:JHX)
Qube Research & Technologies Ltd Raises Holdings in Archer Aviation Inc. (NYSE:ACHR)