Hsbc Holdings PLC raised its holdings in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 137.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 29,667 shares of the company's stock after acquiring an additional 17,197 shares during the period. Hsbc Holdings PLC's holdings in Arlo Technologies were worth $290,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. OneDigital Investment Advisors LLC increased its holdings in shares of Arlo Technologies by 3.3% during the 1st quarter. OneDigital Investment Advisors LLC now owns 36,262 shares of the company's stock worth $358,000 after buying an additional 1,154 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Arlo Technologies by 1.3% during the 4th quarter. California State Teachers Retirement System now owns 93,320 shares of the company's stock worth $1,044,000 after buying an additional 1,232 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Arlo Technologies by 40.9% during the 1st 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Arlo Technologies by 16.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,325 shares of the company's stock worth $329,000 after buying an additional 4,627 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Arlo Technologies by 29.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 22,847 shares of the company's stock worth $225,000 after buying an additional 5,234 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.
Arlo Technologies Trading Down 3.2%
NYSE:ARLO traded down $0.56 on Wednesday, reaching $16.95. The stock had a trading volume of 1,826,419 shares, compared to its average volume of 1,415,989. The company has a 50-day moving average of $16.84 and a 200 day moving average of $13.92. The stock has a market cap of $1.77 billion, a P/E ratio of -242.11 and a beta of 1.75. Arlo Technologies, Inc. has a 12-month low of $7.84 and a 12-month high of $19.25.
Arlo Technologies (NYSE:ARLO - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.02. The company had revenue of $129.41 million during the quarter, compared to analysts' expectations of $123.33 million. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 EPS. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. On average, equities analysts predict that Arlo Technologies, Inc. will post -0.29 EPS for the current year.
Insider Transactions at Arlo Technologies
In other news, CEO Matthew Blake Mcrae sold 520,557 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $17.40, for a total transaction of $9,057,691.80. Following the transaction, the chief executive officer 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kurtis Joseph Binder sold 113,912 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 809,615 shares in the company, valued at $15,026,454.40. The trade was a 12.33% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,306,967 shares of company stock valued at $39,664,516. 5.20% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of analysts have recently commented on ARLO shares. BWS Financial restated a "buy" rating and set a $26.00 price objective (up from $24.00) on shares of Arlo Technologies in a report on Monday, August 11th. Raymond James Financial restated an "outperform" rating and set a $22.00 price objective (up from $15.00) on shares of Arlo Technologies in a report on Friday, August 8th. Zacks Research raised shares of Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Craig Hallum upped their price target on shares of Arlo Technologies from $17.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $23.00.
Check Out Our Latest Report on Arlo Technologies
About Arlo Technologies
(
Free Report)
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.
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