GSA Capital Partners LLP Purchases 119,857 Shares of Arlo Technologies, Inc. $ARLO

Key Points

• GSA Capital Partners dramatically increased its stake in Arlo Technologies, buying 119,857 additional shares in the fourth quarter and raising its holdings by 557.1% to 141,372 shares.
• Arlo reported better-than-expected quarterly results, with EPS of $0.28 versus $0.19 expected and revenue of $150.38 million, up 26.3% year over year. The company also guided Q2 2026 EPS to 0.17-0.230.
• The board authorized a $50 million share buyback, while analysts remain constructive with a consensus Moderate Buy rating and an average price target of $21.40.

GSA Capital Partners LLP lifted its position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 557.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,372 shares of the company's stock after purchasing an additional 119,857 shares during the quarter. GSA Capital Partners LLP owned 0.13% of Arlo Technologies worth $1,978,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in Arlo Technologies by 28.8% during the 1st quarter. AQR Capital Management LLC now owns 406,688 shares of the company's stock worth $4,014,000 after acquiring an additional 90,970 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Arlo Technologies by 15.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 171,986 shares of the company's stock valued at $1,698,000 after purchasing an additional 23,068 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Arlo Technologies by 116.1% in the first quarter. Millennium Management LLC now owns 455,692 shares of the company's stock valued at $4,498,000 after purchasing an additional 244,783 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Arlo Technologies by 115.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company's stock valued at $15,325,000 after purchasing an additional 830,770 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Arlo Technologies by 279.8% in the first quarter. Jane Street Group LLC now owns 292,302 shares of the company's stock valued at $2,885,000 after purchasing an additional 215,343 shares during the last quarter. 83.18% of the stock is owned by institutional investors.

Arlo Technologies Stock Down 1.2%

Arlo Technologies stock opened at $12.80 on Wednesday. The stock has a market cap of $1.39 billion, a P/E ratio of 47.41 and a beta of 1.60. Arlo Technologies, Inc. has a twelve month low of $11.05 and a twelve month high of $19.94. The company's 50-day moving average price is $14.03 and its two-hundred day moving average price is $13.92.

Arlo Technologies (NYSE:ARLO - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. The firm had revenue of $150.38 million for the quarter, compared to analysts' expectations of $139.73 million. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The business's revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. Equities analysts anticipate that Arlo Technologies, Inc. will post 0.16 earnings per share for the current fiscal year.

Arlo Technologies announced that its board has initiated a stock buyback program on Wednesday, March 4th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ARLO. UBS Group set a $20.00 price objective on shares of Arlo Technologies in a report on Monday. Weiss Ratings upgraded shares of Arlo Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, May 11th. Raymond James Financial restated an "outperform" rating and set a $19.00 price objective on shares of Arlo Technologies in a research note on Friday, May 8th. Finally, Oppenheimer started coverage on shares of Arlo Technologies in a research note on Monday. They set an "outperform" rating and a $20.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.40.

Insiders Place Their Bets

In other Arlo Technologies news, General Counsel Brian Busse sold 25,525 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $13.78, for a total transaction of $351,734.50. Following the transaction, the general counsel owned 583,364 shares in the company, valued at $8,038,755.92. This represents a 4.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kurtis Joseph Binder sold 179,419 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $13.78, for a total transaction of $2,472,393.82. Following the transaction, the chief financial officer owned 614,885 shares in the company, valued at approximately $8,473,115.30. The trade was a 22.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 530,478 shares of company stock worth $7,542,693 in the last quarter. Corporate insiders own 2.90% of the company's stock.

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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