Ieq Capital LLC Purchases 17,957 Shares of Arlo Technologies, Inc. $ARLO

Key Points

• Ieq Capital LLC increased its stake in Arlo Technologies by 166.7%, now owning 28,731 shares valued at approximately $284,000.
• Wall Street analysts have raised their ratings on Arlo Technologies, with several upgrades giving it a target price of $23.00 and indicating strong growth potential.
• Insider sales included significant transactions from both the CFO and CEO, contributing to a total of 2.3 million shares sold over the last 90 days.

Ieq Capital LLC increased its stake in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 166.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,731 shares of the company's stock after acquiring an additional 17,957 shares during the period. Ieq Capital LLC's holdings in Arlo Technologies were worth $284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its holdings in shares of Arlo Technologies by 137.9% during the 1st quarter. Hsbc Holdings PLC now owns 29,667 shares of the company's stock valued at $290,000 after buying an additional 17,197 shares during the period. Versor Investments LP purchased a new stake in shares of Arlo Technologies in the first quarter valued at approximately $131,000. Algert Global LLC increased its position in shares of Arlo Technologies by 17.9% during the first quarter. Algert Global LLC now owns 245,516 shares of the company's stock worth $2,423,000 after purchasing an additional 37,190 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Arlo Technologies during the 1st quarter worth about $119,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Arlo Technologies during the 1st quarter valued at about $396,000. Hedge funds and other institutional investors own 83.18% of the company's stock.

Arlo Technologies Trading Up 1.1%

Shares of NYSE ARLO traded up $0.18 during midday trading on Thursday, reaching $17.10. The company's stock had a trading volume of 254,872 shares, compared to its average volume of 1,112,452. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -244.08 and a beta of 1.75. Arlo Technologies, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $19.25. The stock has a 50 day simple moving average of $16.84 and a 200-day simple moving average of $13.92.

Arlo Technologies (NYSE:ARLO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. The firm had revenue of $129.41 million during the quarter, compared to analysts' expectations of $123.33 million. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. 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 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ARLO. Wall Street Zen raised Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Zacks Research upgraded shares of Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. BWS Financial reiterated a "buy" rating and issued a $26.00 price target (up previously from $24.00) on shares of Arlo Technologies in a report on Monday, August 11th. Raymond James Financial reaffirmed an "outperform" rating and set a $22.00 price target (up previously from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. Finally, Craig Hallum boosted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, Arlo Technologies has a consensus rating of "Buy" and a consensus price target of $23.00.

Insiders Place Their Bets

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 113,912 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $18.56, for a total value of $2,114,206.72. Following the completion of the transaction, the chief financial officer owned 809,615 shares in the company, valued at $15,026,454.40. This trade represents a 12.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew Blake Mcrae sold 520,557 shares of Arlo Technologies stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $17.40, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 2,306,967 shares of company stock worth $39,664,516. 5.20% of the stock is owned by company insiders.

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.