Bosun Asset Management LLC Makes New $313,000 Investment in Arlo Technologies, Inc. $ARLO

Key Points

• Bosun Asset Management LLC purchased 31,747 shares of Arlo Technologies, valued at approximately $313,000, indicating growing institutional interest in the company.
• Arlo Technologies reported a quarterly earnings per share of $0.17, beating analysts' estimates, and had revenue of $129.41 million, up 1.6% year-over-year.
• Several analysts have upgraded their ratings on Arlo Technologies, with price targets now ranging from $22.00 to $26.00, reflecting increased bullish sentiment on the stock.

Bosun Asset Management LLC bought a new position in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 31,747 shares of the company's stock, valued at approximately $313,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Arlo Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 9,953,767 shares of the company's stock valued at $98,244,000 after acquiring an additional 132,350 shares in the last quarter. Northern Trust Corp grew its position in shares of Arlo Technologies by 11.7% during the 4th quarter. Northern Trust Corp now owns 1,711,116 shares of the company's stock valued at $19,147,000 after acquiring an additional 179,288 shares during the period. Emerald Advisers LLC increased its holdings in Arlo Technologies by 0.8% in the 1st quarter. Emerald Advisers LLC now owns 1,679,789 shares of the company's stock valued at $16,580,000 after acquiring an additional 13,307 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Arlo Technologies by 38.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,474,778 shares of the company's stock worth $16,503,000 after buying an additional 409,489 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its holdings in shares of Arlo Technologies by 23.5% in the 1st quarter. Driehaus Capital Management LLC now owns 1,403,502 shares of the company's stock worth $13,853,000 after buying an additional 267,514 shares during the last quarter. Institutional investors own 83.18% of the company's stock.

Arlo Technologies Stock Down 3.5%

Arlo Technologies stock traded down $0.61 during mid-day trading on Wednesday, hitting $16.90. The company had a trading volume of 536,874 shares, compared to its average volume of 1,109,402. The business has a fifty day moving average of $16.84 and a 200 day moving average of $13.89. Arlo Technologies, Inc. has a 1 year low of $7.84 and a 1 year high of $19.25. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -241.69 and a beta of 1.75.

Arlo Technologies (NYSE:ARLO - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.17 earnings per share for the quarter, topping 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 business had revenue of $129.41 million for the quarter, compared to analysts' expectations of $123.33 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The company'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. Equities analysts anticipate that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

Insider Activity at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 113,912 shares of Arlo Technologies stock in a transaction on 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 sale, the chief financial officer owned 809,615 shares of the company's stock, valued at $15,026,454.40. The trade was a 12.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew Blake Mcrae sold 520,557 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $17.40, for a total transaction of $9,057,691.80. Following the transaction, the chief executive officer directly owned 1,621,835 shares of the company's stock, valued at approximately $28,219,929. This represents a 24.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,306,967 shares of company stock worth $39,664,516 over the last three months. 3.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on ARLO. Wall Street Zen raised shares of Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. BWS Financial reiterated a "buy" rating and set a $26.00 price objective (up previously from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. 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 note on Friday, August 8th. Craig Hallum lifted their price objective on shares of Arlo Technologies from $17.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Zacks Research raised shares of Arlo Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat, Arlo Technologies currently has an average rating of "Buy" and an average price target of $23.00.

Arlo Technologies Company Profile

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.