Charles Schwab Investment Management Inc. Trims Position in Arlo Technologies, Inc. $ARLO

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in Arlo Technologies by 6.5%, now owning approximately 978,521 shares worth $9.66 million.
• Notable transactions include CFO Kurtis Joseph Binder selling 113,912 shares and CEO Matthew Blake Mcrae selling 520,557 shares, resulting in significant decreases in their ownership.
• Analysts have recently upgraded their ratings on Arlo Technologies, with three firms rating it a "Buy" and an average price target of $23.00.

Charles Schwab Investment Management Inc. trimmed its position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 978,521 shares of the company's stock after selling 68,384 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.94% of Arlo Technologies worth $9,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of ARLO. Vanguard Group Inc. boosted its stake in shares of Arlo Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 9,953,767 shares of the company's stock valued at $98,244,000 after purchasing an additional 132,350 shares during the period. XTX Topco Ltd lifted its holdings in shares of Arlo Technologies by 277.6% during the first quarter. XTX Topco Ltd now owns 63,590 shares of the company's stock worth $628,000 after purchasing an additional 46,749 shares during the period. GSA Capital Partners LLP purchased a new position in Arlo Technologies during the first quarter valued at approximately $1,339,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Arlo Technologies by 16.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,325 shares of the company's stock valued at $329,000 after buying an additional 4,627 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Arlo Technologies in the first quarter valued at approximately $661,000. Hedge funds and other institutional investors own 83.18% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ARLO shares. Craig Hallum upped their price target on Arlo Technologies from $17.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Zacks Research raised Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Raymond James Financial reissued an "outperform" rating and set a $22.00 price target (up previously from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. Finally, 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 report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $23.00.

Arlo Technologies Stock Performance

NYSE:ARLO traded down $0.43 during mid-day trading on Friday, hitting $17.42. 1,577,187 shares of the company's stock traded hands, compared to its average volume of 1,762,422. The company has a fifty day moving average of $16.71 and a 200 day moving average of $13.56. The company has a market capitalization of $1.82 billion, a P/E ratio of -248.76 and a beta of 1.85. Arlo Technologies, Inc. has a twelve month low of $7.84 and a twelve month high of $19.25.

Arlo Technologies (NYSE:ARLO - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $129.41 million for the quarter, compared to analyst estimates of $123.33 million. Arlo Technologies had a negative return on equity of 6.69% and a negative net margin of 1.38%.Arlo Technologies's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. On average, research analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Kurtis Joseph Binder sold 113,912 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer owned 809,615 shares in the company, valued at $15,026,454.40. The trade was a 12.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Matthew Blake Mcrae sold 520,557 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $17.40, for a total value 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 $28,219,929. This trade represents a 24.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,306,967 shares of company stock valued at $39,664,516. 5.20% of the stock is currently owned by company insiders.

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.