Shares of Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) reached a new 52-week high on Friday . The company traded as high as $19.50 and last traded at $19.38, with a volume of 127557 shares changing hands. The stock had previously closed at $18.77.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Wall Street Zen raised Arlo Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 11th. Craig Hallum lifted their price target on Arlo Technologies from $17.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Raymond James Financial reiterated an "outperform" rating and set a $22.00 price target (up previously from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. Zacks Research downgraded Arlo Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 7th. Finally, BWS Financial restated a "buy" rating and issued a $26.00 target price (up previously from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Arlo Technologies has an average rating of "Hold" and a consensus target price of $23.00.
Check Out Our Latest Stock Analysis on ARLO
Arlo Technologies Price Performance
The stock has a market capitalization of $2.00 billion, a PE ratio of -274.82 and a beta of 1.72. The company has a 50 day moving average price of $17.50 and a 200-day moving average price of $15.34.
Arlo Technologies (NYSE:ARLO - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. Arlo Technologies had a negative return on equity of 6.69% and a negative net margin of 1.38%.The firm had revenue of $129.41 million for the quarter, compared to analysts' expectations of $123.33 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The business's revenue was up 1.6% compared to the same quarter last year. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. As a group, equities analysts anticipate that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.
Insider Buying and Selling
In related news, CFO Kurtis Joseph Binder sold 51,668 shares of the company's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $17.82, for a total value of $920,723.76. Following the sale, the chief financial officer directly owned 416,013 shares of the company's stock, valued at $7,413,351.66. This represents a 11.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew Blake Mcrae sold 95,430 shares of the company's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $16.99, for a total value of $1,621,355.70. Following the transaction, the chief executive officer directly owned 1,747,591 shares in the company, valued at approximately $29,691,571.09. The trade was a 5.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,364,677 shares of company stock valued at $23,729,960 over the last ninety days. Company insiders own 5.20% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank lifted its holdings in shares of Arlo Technologies by 2.4% during the second quarter. Amalgamated Bank now owns 29,265 shares of the company's stock valued at $496,000 after purchasing an additional 692 shares in the last quarter. Bank of Montreal Can lifted its holdings in Arlo Technologies by 5.4% in the second quarter. Bank of Montreal Can now owns 15,694 shares of the company's stock valued at $266,000 after acquiring an additional 810 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in Arlo Technologies by 9.0% in the second quarter. Ameritas Investment Partners Inc. now owns 10,155 shares of the company's stock valued at $172,000 after acquiring an additional 838 shares during the period. Rhumbline Advisers lifted its holdings in Arlo Technologies by 0.3% in the first quarter. Rhumbline Advisers now owns 270,199 shares of the company's stock valued at $2,667,000 after acquiring an additional 861 shares during the period. Finally, Yousif Capital Management LLC lifted its holdings in Arlo Technologies by 2.5% in the second quarter. Yousif Capital Management LLC now owns 38,479 shares of the company's stock valued at $653,000 after acquiring an additional 954 shares during the period. 83.18% of the stock is owned by institutional investors.
Arlo Technologies Company Profile
(
Get Free Report)
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.
Further Reading
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