AWM Investment Company Inc. lifted its position in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 95.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 654,401 shares of the company's stock after acquiring an additional 320,235 shares during the quarter. AWM Investment Company Inc. owned 0.63% of Arlo Technologies worth $6,459,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Arlo Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 9,953,767 shares of the company's stock worth $98,244,000 after acquiring an additional 132,350 shares in the last quarter. Northern Trust Corp grew its position in shares of Arlo Technologies by 11.7% in the 4th quarter. Northern Trust Corp now owns 1,711,116 shares of the company's stock worth $19,147,000 after acquiring an additional 179,288 shares in the last quarter. Emerald Advisers LLC grew its position in shares of Arlo Technologies by 0.8% in the 1st quarter. Emerald Advisers LLC now owns 1,679,789 shares of the company's stock worth $16,580,000 after acquiring an additional 13,307 shares in the last quarter. Westwood Holdings Group Inc. grew its position in shares of Arlo Technologies by 38.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,474,778 shares of the company's stock worth $16,503,000 after acquiring an additional 409,489 shares in the last quarter. Finally, Driehaus Capital Management LLC grew its position in shares of Arlo Technologies by 23.5% in the 1st quarter. Driehaus Capital Management LLC now owns 1,403,502 shares of the company's stock worth $13,853,000 after acquiring an additional 267,514 shares in the last quarter. Institutional investors and hedge funds own 83.18% of the company's stock.
Insiders Place Their Bets
In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 520,557 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was 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. The trade was a 24.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kurtis Joseph Binder sold 113,912 shares of the business's stock in a transaction on 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 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 have sold a total of 2,306,967 shares of company stock valued at $39,664,516 in the last quarter. 5.20% of the stock is currently owned by insiders.
Arlo Technologies Stock Down 0.5%
ARLO stock traded down $0.09 during trading on Friday, reaching $18.16. 1,464,179 shares of the company's stock were exchanged, compared to its average volume of 1,827,805. Arlo Technologies, Inc. has a 1-year low of $7.84 and a 1-year high of $19.25. The company's fifty day moving average price is $16.81 and its 200-day moving average price is $13.80. The firm has a market cap of $1.89 billion, a PE ratio of -259.32 and a beta of 1.75.
Arlo Technologies (NYSE:ARLO - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $123.33 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm'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. As a group, sell-side analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on ARLO. Wall Street Zen upgraded Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday. BWS Financial restated a "buy" rating and set a $26.00 price objective (up previously from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. Craig Hallum boosted their price objective on Arlo Technologies from $17.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Zacks Research upgraded Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Finally, Raymond James Financial restated an "outperform" rating and set a $22.00 price objective (up previously from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $23.00.
Get Our Latest Stock Report on Arlo Technologies
Arlo Technologies Company Profile
(
Free Report)
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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