<div id="readability-page-1"><p>Federated Hermes Inc. cut its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 63.7% during the 2nd quarter, according to its most recent 13F filing with the Securities &amp; Exchange Commission. The fund owned 330,430 shares of the company's stock after selling 579,130 shares during the quarter. Federated Hermes Inc. owned approximately 0.34% of Arlo Technologies worth $4,309,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Arlo Technologies</strong> alerts:</span></p></div><ul><li>Arlo Technologies Stock is Turnaround Pullback Play </li></ul><p>Several other hedge funds and other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of Arlo Technologies by 34.9% during the second quarter. GAMMA Investing LLC now owns 3,246 shares of the company's stock worth $42,000 after buying an additional 840 shares in the last quarter. Arizona State Retirement System boosted its stake in Arlo Technologies by 3.5% during the 2nd quarter. Arizona State Retirement System now owns 25,577 shares of the company's stock valued at $334,000 after acquiring an additional 871 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in Arlo Technologies by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 82,818 shares of the company's stock worth $1,048,000 after acquiring an additional 1,106 shares in the last quarter. ProShare Advisors LLC increased its position 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 worth $230,000 after purchasing an additional 1,241 shares during the last quarter. Finally, CWM LLC increased its position in shares of Arlo Technologies by 90.5% in the 2nd quarter. CWM LLC now owns 3,742 shares of the company's stock worth $49,000 after purchasing an additional 1,778 shares during the last quarter. 83.18% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Insider Activity at Arlo Technologies</h2><p>In related news, Director Ralph E. Faison bought 8,842 shares of the company's stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $11.89 per share, with a total value of $105,131.38. Following the completion of the transaction, the director now directly owns 385,599 shares of the company's stock, valued at $4,584,772.11. The acquisition was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this link. In other news, Director Ralph E. Faison bought 8,842 shares of Arlo Technologies stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $11.89 per share, with a total value of $105,131.38. Following the purchase, the director now directly owns 385,599 shares of the company's stock, valued at approximately $4,584,772.11. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available at this link. Also, Director Amy M. Rothstein sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $14.83, for a total transaction of $222,450.00. Following the completion of the sale, the director now owns 75,032 shares in the company, valued at approximately $1,112,724.56. The disclosure for this sale can be found here. Insiders own 3.80% of the company's stock. </p><h2>Analyst Ratings Changes</h2><p>ARLO has been the subject of a number of research reports. Roth Mkm lifted their price target on Arlo Technologies from $16.50 to $18.00 and gave the stock a &#34;buy&#34; rating in a research note on Monday, July 22nd. BWS Financial reaffirmed a &#34;buy&#34; rating and set a $24.00 target price on shares of Arlo Technologies in a report on Friday, August 9th.</p><p><b>Get Our Latest Analysis on ARLO</b></p><h2>Arlo Technologies Trading Down 1.2 %</h2><p>Arlo Technologies stock opened at $11.33 on Thursday. Arlo Technologies, Inc. has a 1 year low of $7.77 and a 1 year high of $17.64. The firm's 50-day moving average is $13.28 and its 200-day moving average is $12.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.48. The company has a market cap of $1.11 billion, a P/E ratio of -62.92 and a beta of 1.76. </p><p>Arlo Technologies (NYSE:ARLO - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The firm had revenue of $127.45 million for the quarter, compared to analysts' expectations of $125.03 million. Arlo Technologies had a negative net margin of 4.19% and a negative return on equity of 20.75%. Arlo Technologies's revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.08) earnings per share. On average, equities analysts expect that Arlo Technologies, Inc. will post -0.4 earnings per share for the current year. </p><h2>Arlo Technologies Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Arlo Technologies</li><li>Uptrend Stocks Explained: Learn How to Trade Using Uptrends</li><li>How Much Can You Make in Stocks in One Month?</li><li>Why Are These Companies Considered Blue Chips?</li><li>This Is the Top Large-Cap Stock Insiders Are Buying</li><li>Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index</li><li>Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside</li></ul><p><strong>Want to see what other hedge funds are holding ARLO?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arlo Technologies, Inc. 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ARLO

<p>Federated Hermes Inc. reduced its stake in Arlo Technologies, Inc. (NYSE:ARLO) by 63.7% in Q2, according to a recent SEC filing. After selling 579,130 shares, it now holds 330,430 shares, valued at approximately $1.3 million. Other institutional investors also adjusted their positions, with GAMMA Investing LLC increasing its stake by 34.9%. Insider transactions included Director Ralph E. Faison purchasing 8,842 shares, while Director Amy M. Rothstein sold 15,000 shares. Arlo Technologies' stock is currently trading down 1.2%.</p>

Federated Hermes Inc. Trims Stock Holdings in Arlo Technologies, Inc. (NYSE:ARLO)