23,846 Shares in Arlo Technologies, Inc. $ARLO Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 23,846 shares of Arlo Technologies, Inc., valued at approximately $404,000, during the second quarter.
• Insider sales included CEO Matthew Blake Mcrae selling 520,557 shares for over $9 million, representing a 24.30% decrease in his ownership of the stock.
• Wall Street analysts have updated their ratings on Arlo Technologies, with price targets ranging from $22.00 to $26.00, indicating potential growth for the stock.

Counterpoint Mutual Funds LLC bought a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,846 shares of the company's stock, valued at approximately $404,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in shares of Arlo Technologies during the first quarter worth $66,000. GAMMA Investing LLC raised its position in Arlo Technologies by 40.9% during the 1st quarter. GAMMA Investing LLC now owns 7,212 shares of the company's stock worth $71,000 after purchasing an additional 2,095 shares during the last quarter. Magnetar Financial LLC bought a new position in Arlo Technologies during the 1st quarter worth $117,000. Fox Run Management L.L.C. acquired a new position in Arlo Technologies during the 1st quarter worth about $119,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Arlo Technologies in the 1st quarter valued at about $123,000. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Matthew Blake Mcrae sold 520,557 shares of Arlo Technologies stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $17.40, for a total transaction of $9,057,691.80. Following the completion of the transaction, the chief executive officer directly owned 1,621,835 shares in the company, valued at $28,219,929. This trade represents a 24.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kurtis Joseph Binder sold 113,912 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $18.56, for a total transaction of $2,114,206.72. Following the completion of the transaction, the chief financial officer directly owned 809,615 shares in the company, valued at approximately $15,026,454.40. The trade was a 12.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,197,043 shares of company stock worth $20,891,120 over the last ninety days. Insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

ARLO has been the subject of a number of analyst reports. Raymond James Financial restated an "outperform" rating and set a $22.00 price objective (up from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Arlo Technologies from a "buy" rating to a "strong-buy" rating in a report on Sunday. BWS Financial reaffirmed a "buy" rating and issued a $26.00 price objective (up from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. Zacks Research upgraded shares of Arlo Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. Finally, Craig Hallum upped their price target on shares of Arlo Technologies from $17.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, Arlo Technologies has an average rating of "Buy" and an average target price of $23.00.

Arlo Technologies Price Performance

Shares of ARLO opened at $18.04 on Wednesday. The stock has a 50-day moving average of $17.08 and a 200-day moving average of $14.29. Arlo Technologies, Inc. has a one year low of $7.84 and a one year high of $19.25. The company has a market cap of $1.88 billion, a PE ratio of -257.71 and a beta of 1.75.

Arlo Technologies (NYSE:ARLO - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $123.33 million. During the same quarter last year, the firm posted $0.10 earnings per share. The company's revenue for the quarter 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. Analysts expect that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

About Arlo Technologies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.