Algert Global LLC Acquires 37,190 Shares of Arlo Technologies, Inc. $ARLO

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 increased its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 17.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,516 shares of the company's stock after purchasing an additional 37,190 shares during the quarter. Algert Global LLC owned about 0.24% of Arlo Technologies worth $2,423,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ARLO. GAMMA Investing LLC lifted its holdings in Arlo Technologies by 40.9% in the first 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 period. Fox Run Management L.L.C. acquired a new stake in shares of Arlo Technologies during the first quarter worth $119,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Arlo Technologies during the first quarter worth $123,000. CWM LLC grew its position in Arlo Technologies by 185.6% in the first quarter. CWM LLC now owns 12,826 shares of the company's stock valued at $127,000 after purchasing an additional 8,335 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in Arlo Technologies in the fourth quarter valued at $130,000. 83.18% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Kurtis Joseph Binder sold 113,912 shares of the business's 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 transaction, the chief financial officer owned 809,615 shares in the company, valued at $15,026,454.40. The trade was a 12.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Blake Mcrae sold 520,557 shares of the business's 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 transaction, the chief executive officer owned 1,621,835 shares in the company, valued at $28,219,929. The trade was a 24.30% decrease in their position. 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 in the last quarter. 3.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Raymond James Financial reaffirmed an "outperform" rating and issued a $22.00 target price (up previously from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. Craig Hallum lifted their target price on shares of Arlo Technologies from $17.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, BWS Financial reiterated a "buy" rating and issued a $26.00 price objective (up previously from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Arlo Technologies currently has an average rating of "Buy" and an average target price of $23.00.

Arlo Technologies Stock Performance

Shares of NYSE:ARLO traded up $0.25 during trading on Tuesday, reaching $17.24. The stock had a trading volume of 1,206,220 shares, compared to its average volume of 1,781,932. The firm's fifty day moving average is $16.68 and its 200 day moving average is $13.45. Arlo Technologies, Inc. has a 52 week low of $7.84 and a 52 week high of $19.25. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -246.22 and a beta of 1.85.

Arlo Technologies (NYSE:ARLO - Get Free Report) last posted 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 net margin of 1.38% and a negative return on equity of 6.69%. The company had revenue of $129.41 million for the quarter, compared to analyst estimates of $123.33 million. During the same period in the prior year, the firm posted $0.10 EPS. The company's quarterly revenue was up 1.6% on a year-over-year basis. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. On average, research analysts forecast that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

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.