Arlo Technologies, Inc. $ARLO Shares Acquired by Paradigm Capital Management Inc. NY

Key Points

• Paradigm Capital Management Inc. NY increased its stake in Arlo Technologies by 18.1%, now holding 336,800 shares valued at approximately $3.32 million.
• Arlo Technologies reported $0.17 EPS for the latest quarter, beating expectations and showing a 1.6% increase in revenue from the previous year.
• Several analysts have upgraded their ratings for Arlo Technologies, with price targets ranging from $22.00 to $26.00 as the stock receives a consensus rating of "Buy".

Paradigm Capital Management Inc. NY raised its holdings in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 18.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,800 shares of the company's stock after buying an additional 51,700 shares during the period. Paradigm Capital Management Inc. NY owned about 0.32% of Arlo Technologies worth $3,324,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ARLO. GAMMA Investing LLC raised its stake 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 in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Arlo Technologies during the first quarter worth about $117,000. Fox Run Management L.L.C. acquired a new stake in shares of Arlo Technologies during the first quarter worth about $119,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Arlo Technologies during the first quarter worth about $123,000. Finally, CWM LLC increased its position in shares of Arlo Technologies by 185.6% during the first quarter. CWM LLC now owns 12,826 shares of the company's stock worth $127,000 after purchasing an additional 8,335 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Arlo Technologies news, 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 sale, the chief executive officer owned 1,621,835 shares of the company's stock, valued at approximately $28,219,929. The trade was a 24.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurtis Joseph Binder sold 113,912 shares of Arlo Technologies 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 sale, the chief financial officer directly owned 809,615 shares in the company, valued at $15,026,454.40. This represents a 12.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,306,967 shares of company stock worth $39,664,516 in the last ninety days. 3.80% of the stock is owned by corporate insiders.

Arlo Technologies Price Performance

ARLO traded up $0.39 during trading on Wednesday, reaching $18.33. The company's stock had a trading volume of 2,237,881 shares, compared to its average volume of 1,717,566. Arlo Technologies, Inc. has a 52-week low of $7.84 and a 52-week high of $19.25. The company's fifty day moving average price is $16.78 and its 200-day moving average price is $13.70.

Arlo Technologies (NYSE:ARLO - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.17 earnings per share for the quarter, beating 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 company had revenue of $129.41 million for the quarter, compared to analyst estimates of $123.33 million. During the same quarter in the previous year, the company earned $0.10 EPS. The firm's revenue for the quarter 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. Research analysts anticipate that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on ARLO shares. BWS Financial reiterated a "buy" rating and set a $26.00 target price (up previously from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. Zacks Research upgraded Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Raymond James Financial reiterated an "outperform" rating and set a $22.00 target price (up previously from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. Finally, Craig Hallum lifted their target price on Arlo Technologies from $17.00 to $22.00 and gave the stock a "buy" rating in a research report 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 stock. Based on data from MarketBeat, Arlo Technologies currently has a consensus rating of "Buy" and a consensus target price of $23.00.

Arlo Technologies 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.