Dynamic Technology Lab Private Ltd Buys Shares of 40,127 Arlo Technologies, Inc. $ARLO

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $396,000 in Arlo Technologies, acquiring 40,127 shares during the first quarter of 2023.
• Analysts have shown increased confidence in Arlo Technologies, with numerous upgrades leading to a current average target price of $23.00 and ratings predominantly classified as "Buy" or "Strong-Buy".
• Recent insider trading includes significant sales by CFO and CEO, with 2.3 million shares sold collectively in the past 90 days, reflecting a notable reduction in their ownership stakes.

Dynamic Technology Lab Private Ltd bought a new position in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 40,127 shares of the company's stock, valued at approximately $396,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew 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 worth $71,000 after acquiring an additional 2,095 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Arlo Technologies in the 1st quarter valued at about $117,000. Fox Run Management L.L.C. acquired a new position in Arlo Technologies in the 1st quarter valued at about $119,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Arlo Technologies during the first quarter worth about $123,000. Finally, CWM LLC raised its stake in shares of Arlo Technologies by 185.6% during the first 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 last quarter. 83.18% of the stock is owned by institutional investors.

Insider Buying and Selling at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 113,912 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was 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 trade represents a 12.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Blake Mcrae sold 520,557 shares of Arlo Technologies stock in a transaction on 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 sale, the chief executive officer directly owned 1,621,835 shares of the company's stock, valued at approximately $28,219,929. This trade represents a 24.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,306,967 shares of company stock valued at $39,664,516 over the last 90 days. Corporate insiders own 5.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ARLO. 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 note on Friday, August 8th. 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. Wall Street Zen downgraded Arlo Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Zacks Research raised Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Finally, BWS Financial reissued 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 assigned a Buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $23.00.

Arlo Technologies Stock Up 1.6%

ARLO traded up $0.28 during midday trading on Tuesday, hitting $17.96. 409,560 shares of the company were exchanged, compared to its average volume of 1,114,292. The firm has a market capitalization of $1.87 billion, a P/E ratio of -256.32 and a beta of 1.75. The firm's 50 day moving average price is $16.86 and its 200-day moving average price is $14.05. Arlo Technologies, Inc. has a 1-year low of $7.84 and a 1-year high of $19.25.

Arlo Technologies (NYSE:ARLO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. The business had revenue of $129.41 million for the quarter, compared to the consensus estimate of $123.33 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The company's revenue 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. On average, sell-side analysts predict that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

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.