Arlo Technologies, Inc. $ARLO Shares Acquired by Algert Global LLC

Key Points

• Algert Global LLC has increased its stake in Arlo Technologies by 17.9% during the first quarter, owning approximately 0.24% of the company now valued at $2.4 million.
• Equities analysts have responded positively to Arlo Technologies, with multiple firms raising their price targets, the highest being set at $26.00 by BWS Financial.
• Insider activity includes substantial sales by CFO Kurtis Joseph Binder and CEO Matthew Blake Mcrae, divesting 113,912 and 520,557 shares respectively, leading to notable decreases in their ownership stakes.

Algert Global LLC grew its position in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 17.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,516 shares of the company's stock after purchasing an additional 37,190 shares during the quarter. Algert Global LLC owned approximately 0.24% of Arlo Technologies worth $2,423,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Arlo Technologies by 40.9% in the 1st quarter. GAMMA Investing LLC now owns 7,212 shares of the company's stock valued at $71,000 after buying an additional 2,095 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Arlo Technologies in the 1st quarter valued at $119,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Arlo Technologies in the 1st quarter valued at $123,000. CWM LLC grew its position in shares of Arlo Technologies by 185.6% in the 1st quarter. CWM LLC now owns 12,826 shares of the company's stock valued at $127,000 after buying an additional 8,335 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in Arlo Technologies during the 4th quarter worth $130,000. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. BWS Financial reissued a "buy" rating and set 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 reissued an "outperform" rating and set a $22.00 price target (up previously from $15.00) on shares of Arlo Technologies in a report on Friday, August 8th. Finally, Craig Hallum raised their price target on Arlo Technologies from $17.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $23.00.

Arlo Technologies Trading Down 0.7%

ARLO stock opened at $16.6640 on Thursday. The company has a market cap of $1.74 billion, a P/E ratio of -238.02 and a beta of 1.85. Arlo Technologies, Inc. has a 52 week low of $7.84 and a 52 week high of $19.25. The company's 50-day moving average price is $16.68 and its 200 day moving average price is $13.28.

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 for the quarter, compared to the consensus estimate of $123.33 million. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. The firm's revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. On average, equities research analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Kurtis Joseph Binder sold 113,912 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were 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 of the company's stock, valued at $15,026,454.40. The trade was a 12.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew Blake Mcrae sold 520,557 shares of Arlo Technologies stock in a transaction on 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 owned 1,621,835 shares in the company, valued at approximately $28,219,929. This trade represents a 24.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,306,967 shares of company stock valued at $39,664,516. Company insiders own 5.20% of the company's stock.

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.

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