Landscape Capital Management L.L.C. Makes New Investment in Arlo Technologies, Inc. (NYSE:ARLO)

Landscape Capital Management L.L.C. bought a new stake in Arlo Technologies, Inc. (NYSE:ARLO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 50,518 shares of the company’s stock, valued at approximately $612,000. Landscape Capital Management L.L.C. owned 0.05% of Arlo Technologies as of its most recent SEC filing.

Several other large investors have also modified their holdings of ARLO. GAMMA Investing LLC grew its holdings in shares of Arlo Technologies by 34.9% in the second quarter. GAMMA Investing LLC now owns 3,246 shares of the company’s stock valued at $42,000 after purchasing an additional 840 shares in the last quarter. Arizona State Retirement System raised its position in Arlo Technologies by 3.5% in the 2nd quarter. Arizona State Retirement System now owns 25,577 shares of the company’s stock valued at $334,000 after purchasing an additional 871 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Arlo Technologies by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 18,158 shares of the company’s stock valued at $230,000 after buying an additional 1,241 shares during the period. CWM LLC grew its position in shares of Arlo Technologies by 90.5% during the second quarter. CWM LLC now owns 3,742 shares of the company’s stock worth $49,000 after buying an additional 1,778 shares in the last quarter. Finally, Quest Partners LLC increased its stake in shares of Arlo Technologies by 283.0% during the third quarter. Quest Partners LLC now owns 2,547 shares of the company’s stock worth $31,000 after buying an additional 1,882 shares during the period. Institutional investors and hedge funds own 83.18% of the company’s stock.

Analyst Upgrades and Downgrades

ARLO has been the subject of several recent analyst reports. Craig Hallum decreased their price objective on shares of Arlo Technologies from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, November 8th. BWS Financial restated a “buy” rating and issued a $24.00 price target on shares of Arlo Technologies in a research note on Friday, November 8th.

Arlo Technologies Stock Performance

NYSE:ARLO opened at $12.03 on Friday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -48.12 and a beta of 1.78. Arlo Technologies, Inc. has a 1 year low of $8.33 and a 1 year high of $17.64. The stock has a fifty day moving average price of $11.42 and a two-hundred day moving average price of $12.65.

Insider Buying and Selling

In related news, CFO Kurtis Joseph Binder sold 7,098 shares of Arlo Technologies stock in a transaction on Monday, September 30th. The stock was sold at an average price of $11.94, for a total transaction of $84,750.12. Following the completion of the transaction, the chief financial officer now directly owns 892,595 shares of the company’s stock, valued at approximately $10,657,584.30. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.80% of the stock is owned by insiders.

Arlo Technologies 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.