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Tuesday, March 21, 2023

Arlo Technologies Inc. (NYSE: ARLO) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Arlo Technologies Inc. (ARLO) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $5.30. The Arlo Technologies Inc. has recorded 62,965 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Arlo Reports Fourth Quarter and Full Year 2022 Results.

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Stocks Info

Arlo Technologies Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Building Products & Equipment industry. At the end of the last regular session, the stock closed at $5.30 and fluctuated between $5.58 as its day high and $5.26 as its day low. The current market capitalization of Arlo Technologies Inc. is $498.15M. A total of 1.58 million shares were traded on the day, compared to an average of 992.81K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ARLO has seen 5 BUY and 7 SELL insider trades, representing the acquisition of 691,486 and the disposition of 81,911 shares. Over the last 12 months, there were 24 BUYs and 20 SELLs from insiders. Insiders purchased 2,056,130 shares during that period but sold 770,773.

In the most recent transaction, Rothstein Amy M sold 40,000 shares of ARLO for 6.00 per share on Mar 09. After the transaction, the Director now owns 81,642 company shares. In a previous transaction on Feb 15, Summers Grady bought 3,497 shares at 4.27 per share. ARLO shares that Director owns now total 227,072.

Among the insiders who bought shares, FAISON RALPH E acquired of 23,800 shares on Nov 15 at a per-share price of $4.20. This resulted in the Director holding 343,367 shares of ARLO after the transaction. In another insider transaction, Summers Grady bought 3,846 shares at $4.06 per share on Nov 15. Company shares held by the Director now total 223,575.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ARLO in the last 3 months, the mean price target is $9.67 with high estimates of $11.00 and low estimates of $8.00. In terms of 52-week highs and lows, ARLO has a high of $10.74 and a low of $2.93.

As of this writing, ARLO has an earnings estimate of -$0.1 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.09 per share and a lower estimate of -$0.11. The company reported an EPS of $0.01 in the last quarter, which was 114.30% higher than expectations of -$0.07.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ARLO is Buy with a score of 4.00. A total of 1 analysts rated the stock as Buy while 2 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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