SG Americas Securities LLC purchased a new position in Arlo Technologies Inc (NYSE:ARLO) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,011 shares of the company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Morgan Stanley bought a new position in Arlo Technologies in the third quarter valued at about $4,913,000. Vanguard Group Inc. bought a new position in Arlo Technologies in the third quarter valued at about $11,714,000. Rhumbline Advisers bought a new position in Arlo Technologies in the fourth quarter valued at about $148,000. Millennium Management LLC grew its position in Arlo Technologies by 2,088.0% in the fourth quarter. Millennium Management LLC now owns 219,347 shares of the company’s stock valued at $2,189,000 after acquiring an additional 209,322 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Arlo Technologies in the fourth quarter valued at about $109,000. Institutional investors own 85.78% of the company’s stock.

ARLO has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Arlo Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Cowen lowered Arlo Technologies from an “outperform” rating to a “market perform” rating and cut their price target for the company from $25.00 to $7.50 in a research note on Wednesday, February 6th. Imperial Capital cut their price target on Arlo Technologies from $29.00 to $7.50 and set an “outperform” rating on the stock in a research note on Wednesday, February 6th. Finally, Bank of America lowered Arlo Technologies from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $18.60.

Shares of ARLO stock opened at $3.42 on Tuesday. Arlo Technologies Inc has a 12 month low of $3.28 and a 12 month high of $23.77. The stock has a market cap of $255.70 million and a PE ratio of -3.35. The company has a current ratio of 1.96, a quick ratio of 1.31 and a debt-to-equity ratio of 0.11.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.55) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.55). Arlo Technologies had a negative return on equity of 42.61% and a negative net margin of 24.30%. The firm had revenue of $57.88 million for the quarter, compared to analyst estimates of $50.40 million. Arlo Technologies’s revenue was down 42.5% compared to the same quarter last year. Equities analysts predict that Arlo Technologies Inc will post -1.63 EPS for the current year.

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Arlo Technologies Profile

Arlo Technologies, Inc provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular network Internet connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions. It offers Arlo Security Camera, a battery-operated Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allow users to monitor their surroundings; Arlo Pro, a battery-operated weather-resistant Wi-Fi camera; Arlo Go, an LTE-enabled wire-free camera that provides untethered mobile monitoring; and Arlo Baby, a baby monitor with air quality and temperature sensors, motion and audio detection, and advanced night vision.

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Institutional Ownership by Quarter for Arlo Technologies (NYSE:ARLO)

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