Formula Growth Ltd. Invests $1.89 Million in Arlo Technologies, Inc. $ARLO

Key Points

• Formula Growth Ltd. acquired 140,000 Arlo Technologies shares in the second quarter, valued at approximately $1.89 million and representing about 0.13% of the company. Institutional investors collectively own 83.18% of Arlo.
• Analysts maintain a positive outlook, with five Buy ratings and two Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $20.60.
• Arlo exceeded quarterly expectations, reporting $0.28 in EPS versus $0.20 expected and $155.94 million in revenue versus $148.94 million expected; revenue increased 20.5% year over year.

Formula Growth Ltd. bought a new position in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 140,000 shares of the company's stock, valued at approximately $1,887,000. Formula Growth Ltd. owned approximately 0.13% of Arlo Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its holdings in Arlo Technologies by 763.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company's stock valued at $28,000 after buying an additional 1,748 shares in the last quarter. Quarry LP raised its holdings in shares of 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 acquiring an additional 783 shares in the last quarter. Strs Ohio bought a new position in shares of Arlo Technologies during the 1st quarter valued at approximately $66,000. Quadrant Capital Group LLC purchased a new position in shares of Arlo Technologies in the third quarter valued at $86,000. Finally, Quantbot Technologies LP purchased a new position in shares of Arlo Technologies in the second quarter valued at $88,000. 83.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ARLO. 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. UBS Group set a $20.00 price objective on shares of Arlo Technologies in a research note on Monday, May 18th. Wall Street Zen upgraded shares of Arlo Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 22nd. Raymond James Financial restated an "outperform" rating and set a $19.00 target price on shares of Arlo Technologies in a research report on Friday, May 8th. Finally, William Blair started coverage on shares of Arlo Technologies in a report on Tuesday, July 7th. They issued an "outperform" rating for the company. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Arlo Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $20.60.

Insider Buying and Selling at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 27,297 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total value of $423,649.44. Following the completion of the sale, the chief financial officer owned 442,110 shares in the company, valued at approximately $6,861,547.20. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 valued at $845,139 over the last quarter. Corporate insiders own 2.90% of the company's stock.

Arlo Technologies Stock Performance

NYSE ARLO opened at $13.08 on Friday. The company has a market cap of $1.42 billion, a P/E ratio of 48.44 and a beta of 1.56. The business's 50 day moving average price is $13.59 and its 200-day moving average price is $13.53. Arlo Technologies, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $19.94.

Arlo Technologies (NYSE:ARLO - Get Free Report) last issued its quarterly earnings results 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 company 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%.Arlo Technologies's revenue was up 20.5% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. 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 predict that Arlo Technologies, Inc. will post 0.12 EPS for the current year.

Arlo Technologies Profile

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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