Bank of New York Mellon Corp Invests $8.77 Million in Arlo Technologies, Inc. $ARLO

Key Points

• Bank of New York Mellon initiated an Arlo Technologies position worth approximately $8.77 million, acquiring 650,454 shares, or about 0.60% of the company. Institutional investors collectively own 83.18% of Arlo’s outstanding stock.
• Arlo reported quarterly EPS of $0.28, beating estimates of $0.20, while revenue reached $155.94 million and rose 20.5% year over year. The company issued fiscal 2026 EPS guidance of $0.90–$1.00.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $20.60, versus a recent share price of $13.06.

Bank of New York Mellon Corp bought a new stake in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 650,454 shares of the company's stock, valued at approximately $8,768,000. Bank of New York Mellon Corp owned approximately 0.60% of Arlo Technologies at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ARLO. Quarry LP increased its stake in Arlo Technologies by 42.0% during the 3rd quarter. Quarry LP now owns 2,649 shares of the company's stock worth $45,000 after buying an additional 783 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Arlo Technologies by 3.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,268 shares of the company's stock valued at $340,000 after acquiring an additional 800 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in shares of Arlo Technologies by 2.2% in the second quarter. SkyView Investment Advisors LLC now owns 57,297 shares of the company's stock valued at $982,000 after acquiring an additional 1,226 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Arlo Technologies by 1.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 115,861 shares of the company's stock worth $1,965,000 after acquiring an additional 1,399 shares during the last quarter. Finally, Nebula Research & Development LLC boosted its stake in shares of Arlo Technologies by 11.7% in the second quarter. Nebula Research & Development LLC now owns 14,002 shares of the company's stock worth $237,000 after acquiring an additional 1,472 shares during the last quarter. Institutional investors and hedge funds own 83.18% of the company's stock.

Arlo Technologies Stock Up 3.9%

Shares of Arlo Technologies stock opened at $13.06 on Thursday. The firm has a market cap of $1.42 billion, a PE ratio of 48.37 and a beta of 1.54. Arlo Technologies, Inc. has a 52 week low of $11.05 and a 52 week high of $19.94. The business's fifty day simple moving average is $13.59 and its 200-day simple moving average is $13.56.

Arlo Technologies (NYSE:ARLO - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.08. The firm had revenue of $155.94 million during the quarter, compared to the consensus estimate of $148.94 million. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The company's quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the company earned $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. As a group, equities analysts expect that Arlo Technologies, Inc. will post 0.12 earnings per share for the current year.

Insider Activity

In related news, CFO Kurtis Joseph Binder sold 27,297 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 442,110 shares of the company's stock, valued at approximately $6,861,547.20. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 57,775 shares of company stock valued at $845,139. 2.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on ARLO. UBS Group set a $20.00 price objective on Arlo Technologies in a research note on Monday, May 18th. Wall Street Zen raised shares of Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 22nd. Raymond James Financial restated an "outperform" rating and set a $19.00 price target on shares of Arlo Technologies in a research report on Friday, May 8th. Piper Sandler raised their target price on shares of Arlo Technologies from $17.00 to $18.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, William Blair assumed coverage on Arlo Technologies in a report on Tuesday, July 7th. They set an "outperform" rating on the stock. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $20.60.

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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