Arlo Technologies, Inc. $ARLO Shares Sold by JPMorgan Chase & Co.

Key Points

• JPMorgan cut its stake in Arlo by 16.7% in Q3, selling 123,080 shares and holding 614,182 shares (about $10.41M), roughly 0.58% of the company.
• Significant insider selling occurred: the CEO sold 153,433 shares and the CFO 179,419 shares on March 12, and insiders have sold 842,522 shares (~$11.32M) in the past 90 days while owning 5.20% of the stock.
• Operational update: Arlo topped quarterly estimates (EPS $0.22 vs. $0.16 and revenue $141.3M vs. $135.6M) and the board authorized a $50M share repurchase program (about 3.1% of shares outstanding).

JPMorgan Chase & Co. decreased its stake in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 16.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 614,182 shares of the company's stock after selling 123,080 shares during the period. JPMorgan Chase & Co. owned approximately 0.58% of Arlo Technologies worth $10,410,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Arizona State Retirement System lifted its position in Arlo Technologies by 2.3% during the 3rd quarter. Arizona State Retirement System now owns 30,597 shares of the company's stock worth $519,000 after acquiring an additional 702 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Arlo Technologies by 86.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company's stock valued at $28,000 after purchasing an additional 747 shares during the period. Quarry LP raised its stake in shares of Arlo Technologies by 42.0% during the third quarter. Quarry LP now owns 2,649 shares of the company's stock valued at $45,000 after purchasing an additional 783 shares during the period. Ameritas Investment Partners Inc. lifted its position in shares of Arlo Technologies by 9.0% during the second quarter. Ameritas Investment Partners Inc. now owns 10,155 shares of the company's stock worth $172,000 after purchasing an additional 838 shares in the last quarter. Finally, Savant Capital LLC lifted its position in shares of Arlo Technologies by 5.8% during the third quarter. Savant Capital LLC now owns 17,583 shares of the company's stock worth $298,000 after purchasing an additional 964 shares in the last quarter. Institutional investors and hedge funds own 83.18% of the company's stock.

Wall Street Analysts Forecast Growth

ARLO has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Arlo Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 6th. Weiss Ratings upgraded shares of Arlo Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $23.33.

Arlo Technologies Stock Down 5.1%

Shares of ARLO opened at $13.50 on Friday. The business's 50 day moving average is $13.24 and its two-hundred day moving average is $14.87. Arlo Technologies, Inc. has a 52-week low of $7.84 and a 52-week high of $19.94. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 103.84 and a beta of 1.65.

Arlo Technologies (NYSE:ARLO - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.06. The business had revenue of $141.30 million during the quarter, compared to the consensus estimate of $135.57 million. Arlo Technologies had a net margin of 2.82% and a return on equity of 10.76%. The business's quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. On average, equities analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Arlo Technologies declared that its board has approved a share repurchase program on Wednesday, March 4th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Arlo Technologies

In other news, CEO Matthew Blake Mcrae sold 153,433 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $13.78, for a total transaction of $2,114,306.74. Following the transaction, the chief executive officer owned 1,168,866 shares of the company's stock, valued at approximately $16,106,973.48. This trade represents a 11.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kurtis Joseph Binder sold 179,419 shares of Arlo Technologies stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $13.78, for a total value of $2,472,393.82. Following the completion of the transaction, the chief financial officer owned 614,885 shares of the company's stock, valued at $8,473,115.30. This trade represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 842,522 shares of company stock worth $11,321,821 in the last ninety days. 5.20% of the stock is owned by insiders.

About Arlo Technologies

Arlo Technologies, Inc NYSE: ARLO is a provider of smart home security products and services designed for residential and small business customers. The company offers a portfolio of wireless and Wi-Fi-enabled security cameras, video doorbells, smart lighting solutions, and associated accessories. Arlo integrates advanced video analytics, motion detection, cloud storage, and two-way audio capabilities to deliver end-to-end security and monitoring solutions accessible through mobile applications and web interfaces.

Founded as a division of Netgear, Inc in 2014 and spun off as an independent public company in 2018, Arlo Technologies has established a presence in North America, Europe, Australia and parts of Asia.

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