BlackRock Updates Passive Stake in Arlo Technologies
Ticker: ARLO · Form: SC 13G/A · Filed: 2024-01-22T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its Arlo stake, signaling its current passive investment position.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, disclosing its ownership in Arlo Technologies, Inc. as of December 31, 2023. This filing indicates BlackRock's updated passive investment stake in Arlo's Common Stock. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in Arlo's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's current level of investment in Arlo, providing transparency into a significant institutional holder's position. It can influence market sentiment and potentially impact Arlo's stock price.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive interest in Arlo Technologies, but this filing alone doesn't suggest a strong buy or sell signal. It's a routine disclosure of an institutional holding.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Arlo Technologies, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event which required the filing
- January 22, 2024 (date) — the date the SC 13G/A amendment was filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 2)'.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section of the header.
What is the subject company whose securities are being reported?
The subject company is Arlo Technologies, Inc., as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Arlo Technologies, Inc.' and 'ARLO TECHNOLOGIES INC (Name of Issuer)'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Arlo Technologies, Inc. is 04206A101, as listed under '(CUSIP Number) 04206A101'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
From the Filing
EDGAR Filing Documents for 0001086364-24-001052 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-001052 Filing Date 2024-01-22 Accepted 2024-01-22 15:52:12 Documents 1 Document Format Files Seq Description Document Type Size 1 us04206a1016_012224.txt SC 13G/A 11611 Complete submission text file 0001086364-24-001052.txt 13443 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 2200 FARADAY AVE. SUITE 150 CARLSBAD CA 92008 Business Address 2200 FARADAY AVE. SUITE 150 CARLSBAD CA 92008 (408) 890-3900 Arlo Technologies, Inc. (Subject) CIK : 0001736946 (see all company filings) EIN. : 384061754 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-90842 | Film No.: 24548746 SIC : 3651 Household Audio & Video Equipment (CF Office: 04 Manufacturing)