Bank of America Corp DE Purchases 359,890 Shares of Arlo Technologies, Inc. $ARLO

Key Points

• Bank of America acquired 359,890 Arlo shares in the second quarter, worth approximately $4.85 million and representing about 0.33% of the company. Institutional investors collectively own 83.18% of Arlo.
• Arlo reported quarterly earnings of $0.28 per share, beating estimates of $0.20, while revenue rose 20.5% year over year to $155.94 million. The company issued fiscal 2026 EPS guidance of $0.90–$1.00.
• Arlo shares opened at $12.61, down 1.8%, despite a consensus analyst rating of “Moderate Buy” and an average price target of $20.60. CFO Kurtis Binder and other insiders have sold shares recently under a pre-arranged trading plan.

Bank of America Corp DE purchased a new position in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 359,890 shares of the company's stock, valued at approximately $4,851,000. Bank of America Corp DE owned about 0.33% of Arlo Technologies as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Arlo Technologies during the 2nd quarter worth about $235,992,000. Rice Hall James & Associates LLC acquired a new stake in shares of Arlo Technologies during the second quarter worth $50,320,000. Jupiter Topco LLC purchased a new stake in shares of Arlo Technologies in the second quarter valued at $34,557,000. Primecap Management Co. CA acquired a new position in Arlo Technologies in the second quarter valued at $26,183,000. Finally, Brandes Investment Partners LP lifted its position in Arlo Technologies by 27.6% during the fourth quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company's stock worth $114,700,000 after buying an additional 1,772,063 shares during the period. Institutional investors and hedge funds own 83.18% of the company's stock.

Insider Activity

In other news, CFO Kurtis Binder sold 27,297 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total transaction of $423,649.44. Following the transaction, the chief financial officer directly owned 442,110 shares of the company's stock, valued at approximately $6,861,547.20. The trade was a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 57,775 shares of company stock worth $845,139 in the last 90 days. Company insiders own 2.90% of the company's stock.

Arlo Technologies Stock Down 1.8%

ARLO opened at $12.61 on Tuesday. Arlo Technologies, Inc. has a 52-week low of $11.05 and a 52-week high of $19.94. The company has a 50 day moving average of $13.70 and a two-hundred day moving average of $13.61. The company has a market cap of $1.37 billion, a P/E ratio of 46.72 and a beta of 1.54.

Arlo Technologies (NYSE:ARLO - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.08. The business had revenue of $155.94 million for the quarter, compared to the consensus estimate of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The business's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 EPS. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. Research analysts anticipate that Arlo Technologies, Inc. will post 0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ARLO has been the topic of several recent analyst reports. William Blair assumed coverage on shares of Arlo Technologies in a report on Tuesday, July 7th. They set an "outperform" rating on the stock. Piper Sandler upped their price target on shares of Arlo Technologies from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Wall Street Zen lowered shares of Arlo Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 5th. Finally, Weiss Ratings downgraded shares of Arlo Technologies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Arlo Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $20.60.

Arlo Technologies Profile

Arlo Technologies, Inc develops and sells connected home security products and services. Its portfolio includes wire-free security cameras, video doorbells, floodlight cameras, indoor cameras, and related accessories designed to help consumers monitor and protect their homes and properties.

The company also provides cloud-based services that support video recording, storage, notifications, artificial intelligence-enabled detection, and other security features. Arlo offers subscription plans that provide additional capabilities, including more extensive video history and advanced monitoring features, alongside its hardware products.

Arlo was established as a standalone company following its separation from Netgear in 2018 and is headquartered in Carlsbad, California.

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