Arlo Technologies, Inc. $ARLO Shares Bought by Harbor Capital Advisors Inc.

Key Points

• Harbor Capital Advisors Inc. significantly increased its stake in Arlo Technologies by 188.3% in Q2, owning a total of 65,870 shares valued at approximately $1.12 million.
• Arlo Technologies reported Q2 earnings of $0.17 EPS, surpassing expectations, with revenue of $129.41 million, offering guidance for Q3 2025 of 0.120-0.180 EPS.
• Several analysts have updated their price targets for Arlo Technologies, with Craig Hallum increasing its target from $17.00 to $22.00, while maintaining a "buy" rating.

Harbor Capital Advisors Inc. increased its holdings in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 188.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 65,870 shares of the company's stock after acquiring an additional 43,023 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.06% of Arlo Technologies worth $1,117,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio purchased a new position in shares of Arlo Technologies during the 1st quarter worth $66,000. GAMMA Investing LLC boosted its stake in Arlo Technologies by 40.9% during the first quarter. GAMMA Investing LLC now owns 7,212 shares of the company's stock worth $71,000 after buying an additional 2,095 shares during the period. Magnetar Financial LLC purchased a new position in Arlo Technologies during the first quarter worth about $117,000. Fox Run Management L.L.C. acquired a new stake in shares of Arlo Technologies during the first quarter valued at about $119,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Arlo Technologies in the 1st quarter valued at approximately $123,000. Hedge funds and other institutional investors own 83.18% of the company's stock.

Analysts Set New Price Targets

ARLO has been the subject of several research reports. Wall Street Zen upgraded shares of Arlo Technologies from a "buy" rating to a "strong-buy" rating in a report on Sunday. BWS Financial reiterated a "buy" rating and issued a $26.00 price objective (up previously from $24.00) on shares of Arlo Technologies in a report on Monday, August 11th. Zacks Research upgraded Arlo Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. Craig Hallum boosted their price target on shares of Arlo Technologies from $17.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $22.00 price objective (up previously from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $23.00.

Arlo Technologies Stock Performance

Shares of ARLO traded up $0.46 during midday trading on Monday, hitting $18.53. The company had a trading volume of 1,078,065 shares, compared to its average volume of 1,408,816. Arlo Technologies, Inc. has a 1 year low of $7.84 and a 1 year high of $19.25. The firm has a market capitalization of $1.93 billion, a P/E ratio of -264.68 and a beta of 1.75. The company's 50-day simple moving average is $17.05 and its 200-day simple moving average is $14.26.

Arlo Technologies (NYSE:ARLO - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.17 earnings per share 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 firm had revenue of $129.41 million for the quarter, compared to analysts' expectations of $123.33 million. During the same quarter last year, the company earned $0.10 earnings per share. The firm'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. Equities analysts predict that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Arlo Technologies

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 113,912 shares of the firm's stock in a transaction on 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 sale, the chief financial officer directly owned 809,615 shares in the company, valued at $15,026,454.40. This trade represents a 12.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew Blake Mcrae sold 520,557 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $17.40, for a total value of $9,057,691.80. Following the transaction, the chief executive officer directly owned 1,621,835 shares of the company's stock, valued at approximately $28,219,929. This represents a 24.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,745,549 shares of company stock worth $30,123,052 in the last three months. 3.80% of the stock is currently owned by corporate insiders.

Arlo Technologies 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.