17,506,791 Shares in Arlo Technologies, Inc. $ARLO Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 17.5 million Arlo shares worth approximately $236 million, giving it a 16.12% stake and contributing to institutional ownership of 83.18%.
• Arlo reported quarterly EPS of $0.28, beating the $0.20 consensus estimate, while revenue rose 20.5% year over year to $155.94 million. Analysts’ average rating is “Moderate Buy,” with a $20.60 price target.
• Arlo’s CFO sold 27,297 shares for about $424,000 under a pre-arranged trading plan; insiders have sold 57,775 shares worth roughly $845,000 over the past 90 days.

BlackRock Inc. bought a new stake in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 17,506,791 shares of the company's stock, valued at approximately $235,992,000. BlackRock Inc. owned 16.12% of Arlo Technologies as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its position in shares of Arlo Technologies by 763.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company's stock valued at $28,000 after acquiring an additional 1,748 shares during the period. Quarry LP boosted its holdings in Arlo Technologies by 42.0% in the 3rd quarter. Quarry LP now owns 2,649 shares of the company's stock valued at $45,000 after purchasing an additional 783 shares during the period. Strs Ohio acquired a new stake in Arlo Technologies in the 1st quarter worth $66,000. Quadrant Capital Group LLC acquired a new stake in Arlo Technologies in the 3rd quarter worth $86,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Arlo Technologies by 1,682.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company's stock worth $95,000 after purchasing an additional 5,301 shares during the period. Institutional investors and hedge funds own 83.18% of the company's stock.

Insider Transactions at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 27,297 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total value of $423,649.44. Following the completion of the transaction, the chief financial officer owned 442,110 shares in the company, valued at $6,861,547.20. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 57,775 shares of company stock valued at $845,139 over the last ninety days. 2.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ARLO has been the topic of a number of recent research reports. William Blair initiated coverage on Arlo Technologies in a research report on Tuesday, July 7th. They set an "outperform" rating on the stock. Wall Street Zen upgraded Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 22nd. Weiss Ratings downgraded Arlo Technologies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 3rd. Raymond James Financial reissued an "outperform" rating and set a $19.00 price objective on shares of Arlo Technologies in a report on Friday, May 8th. Finally, Oppenheimer started coverage on Arlo Technologies in a research report on Monday, May 18th. They set an "outperform" rating and a $20.00 price objective on the stock. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $20.60.

Arlo Technologies Price Performance

ARLO stock opened at $13.08 on Friday. The business has a fifty day moving average price of $13.59 and a 200 day moving average price of $13.53. Arlo Technologies, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $19.94. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 48.44 and a beta of 1.56.

Arlo Technologies (NYSE:ARLO - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.08. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The business had revenue of $155.94 million during the quarter, compared to analyst estimates of $148.94 million. During the same quarter last year, the business posted $0.17 earnings per share. Arlo Technologies's revenue for the quarter was up 20.5% compared to the same quarter last year. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. On average, equities analysts expect that Arlo Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Arlo Technologies Company Profile

Arlo Technologies, Inc NYSE: ARLO is a provider of smart home security products and services designed for residential and small business customers. The company offers a portfolio of wireless and Wi-Fi-enabled security cameras, video doorbells, smart lighting solutions, and associated accessories. Arlo integrates advanced video analytics, motion detection, cloud storage, and two-way audio capabilities to deliver end-to-end security and monitoring solutions accessible through mobile applications and web interfaces.

Founded as a division of Netgear, Inc in 2014 and spun off as an independent public company in 2018, Arlo Technologies has established a presence in North America, Europe, Australia and parts of Asia.

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