AWM Investment Company Inc. Increases Stock Position in Arlo Technologies, Inc. $ARLO

Key Points

• AWM Investment Company Inc. increased its stake in Arlo Technologies by 95.8%, owning approximately 0.63% of the company with a total valuation of $6.46 million.
• Insider trading revealed significant share sales by Arlo's CFO and CEO, with the CFO selling 113,912 shares and the CEO offloading 520,557 shares, indicating a 12.33% and 24.30% decrease in their holdings, respectively.
• Analysts have raised their price targets for Arlo Technologies, with Raymond James setting a new objective of $22.00, and an average consensus price target of $23.00, reflecting bullish sentiment.

AWM Investment Company Inc. raised its holdings in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 95.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 654,401 shares of the company's stock after purchasing an additional 320,235 shares during the period. AWM Investment Company Inc. owned about 0.63% of Arlo Technologies worth $6,459,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ARLO. GAMMA Investing LLC raised its position 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 purchasing an additional 2,095 shares during the period. Magnetar Financial LLC acquired a new position in Arlo Technologies during the 1st quarter worth approximately $117,000. Fox Run Management L.L.C. acquired a new stake in shares of Arlo Technologies in the 1st quarter worth approximately $119,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Arlo Technologies during the 1st quarter valued at $123,000. Finally, CWM LLC lifted its stake in shares of Arlo Technologies by 185.6% during the 1st quarter. CWM LLC now owns 12,826 shares of the company's stock worth $127,000 after purchasing an additional 8,335 shares during the period. Hedge funds and other institutional investors own 83.18% of the company's stock.

Arlo Technologies Price Performance

Arlo Technologies stock traded up $0.10 during trading hours on Monday, hitting $18.23. The company had a trading volume of 421,523 shares, compared to its average volume of 1,106,050. Arlo Technologies, Inc. has a one year low of $7.84 and a one year high of $19.25. The firm has a 50-day moving average of $16.81 and a 200 day moving average of $13.82. The firm has a market cap of $1.90 billion, a PE ratio of -260.49 and a beta of 1.75.

Arlo Technologies (NYSE:ARLO - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $129.41 million during the quarter, compared to analyst estimates of $123.33 million. During the same period last year, the company earned $0.10 EPS. Arlo Technologies'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. As a group, research analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

Insiders Place Their Bets

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 113,912 shares of the company'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 transaction of $2,114,206.72. Following the completion of the sale, the chief financial officer directly owned 809,615 shares of the company's stock, valued at approximately $15,026,454.40. This represents a 12.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Blake Mcrae sold 520,557 shares of the 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 of the company's stock, valued at $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 quarter, insiders sold 2,306,967 shares of company stock worth $39,664,516. 3.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ARLO has been the subject of a number of research reports. Raymond James Financial reiterated an "outperform" rating and issued a $22.00 price target (up from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. Wall Street Zen upgraded Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday. BWS Financial reaffirmed a "buy" rating and issued a $26.00 price target (up from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. Zacks Research upgraded shares of Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Finally, Craig Hallum raised their price target on shares of Arlo Technologies from $17.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $23.00.

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.