Investing in Arlo Technologies Inc. (ARLO): What You Must Know


In a filing, Arlo Technologies Inc. revealed its Director Summers Grady acquired Company’s shares for reported $14933.0 on Aug 15. In the deal valued at $10.45 per share,1,429 shares were bought. As a result of this transaction, Summers Grady now holds 249,802 shares worth roughly $ 2.49 million.

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Then, Busse Brian sold 37,085 shares, generating $362,691 in total proceeds. Upon selling the shares at $9.78, the General Counsel now owns 696,816 shares.

Before that, Summers Grady bought 1,672 shares. Arlo Technologies Inc. shares valued at $14,948 were divested by the Director at a price of $8.94 per share. As a result of the transaction, Summers Grady now holds 228,744 shares, worth roughly $2.28 million.

Craig Hallum initiated its Arlo Technologies Inc. [ARLO] rating to a Buy in a research note published on Monday, June 29, 2023; the price target was $17. PT values the company’s stock at a premium of 41.47 to its Monday closing price.

Price Performance Review of ARLO

On Monday, Arlo Technologies Inc. [NYSE:ARLO] saw its stock jump 0.91% to $9.95. On the same session, the stock had its day’s lowest price of $9.825, but rose to a high of $10.02. Over the last five days, the stock has gained 1.32%. Arlo Technologies Inc. shares have risen nearly 183.48% since the year began. Nevertheless, the stocks have risen 47.63% over the past one year. While a 52-week high of $11.54 was reached on 07/17/23, a 52-week low of $2.93 was recorded on 03/07/23. SMA at 50 days reached $10.51, while 200 days put it at $6.69. A total of 0.57 million shares were traded, compared to the trading of 0.79 million shares in the previous session.

Levels Of Support And Resistance For ARLO Stock

The 24-hour chart illustrates a support level at 9.84, which if violated will result in even more drops to 9.74. On the upside, there is a resistance level at 10.04. A further resistance level may holdings at 10.13. The Relative Strength Index (RSI) on the 14-day chart is 43.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.70%. Stochastics %K at 32.02% indicates the stock is a holding.

How much short interest is there in Arlo Technologies Inc.?

A steep rise in short interest was recorded in Arlo Technologies Inc. stocks on Aug 14, 2023, dropping by -0.24 million shares to a total of 3.69 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.93 million shares. There was a decline of -6.5%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.72% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.2.

Arlo Technologies Inc. [ARLO] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 13,312,906 shares, or roughly 14.50% of the outstanding ARLO shares. In other words, the investor’s shares have risen by 410,015 from its previous 13-F filing of 12902891.0. Additionally, The Vanguard Group, Inc. increased 15.11% of its stake after which the total value it holdings stand at $100,211,831, while PRIMECAP Management Co. reduced -2.97% of its stake to hold $53.36 million in the firm. Over the last quarter, Rice, Hall, James & Associates LL sold -3,472 shares of Arlo Technologies Inc., while Brandes Investment Partners LP sold 812,917 shares. At present, SSgA Funds Management, Inc. is holding 3,068,478 shares valued at $34.86 million. Cannell Capital LLC owned 2,159,653 shares of the company at the time of its most recent 13F filing, worth $24.53 million.

According to FactSet, Arlo Technologies Inc.’s share price will average $14.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 57.2 percent from its previous closing price of $9.86. Analysts expect Arlo Technologies Inc. stock to reach the higher price of $17.00, while the lowest price estimate is $11.00. However, 4 analysts have rated ARLO stock as an Overweight in their predictions for 2023.


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