Jupiter Topco LLC Makes New Investment in Arlo Technologies, Inc. $ARLO

Key Points

• Jupiter Topco LLC acquired 2.56 million Arlo Technologies shares worth approximately $34.6 million, giving it a 2.36% stake. Institutional investors collectively own 83.18% of the company.
• Analysts maintain a positive outlook, with five Buy ratings and two Holds, an overall “Moderate Buy” consensus, and an average price target of $20.60.
• Arlo exceeded quarterly expectations, reporting $0.28 EPS versus the $0.20 estimate and $155.94 million in revenue, up 20.5% year over year; however, its CFO has sold shares under a pre-arranged trading plan.

Jupiter Topco LLC acquired a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,563,579 shares of the company's stock, valued at approximately $34,557,000. Jupiter Topco LLC owned 2.36% of Arlo Technologies at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Arlo Technologies in the second quarter valued at $235,992,000. Vanguard Group Inc. raised its position in shares of Arlo Technologies by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 10,691,336 shares of the company's stock worth $149,572,000 after acquiring an additional 32,770 shares during the period. Brandes Investment Partners LP boosted its stake in shares of Arlo Technologies by 27.6% during the 4th quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company's stock worth $114,700,000 after acquiring an additional 1,772,063 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of Arlo Technologies by 9.0% during the 2nd quarter. Wasatch Advisors LP now owns 5,915,935 shares of the company's stock worth $79,747,000 after acquiring an additional 489,668 shares in the last quarter. Finally, State Street Corp grew its position in shares of Arlo Technologies by 5.3% during the 2nd quarter. State Street Corp now owns 4,272,925 shares of the company's stock valued at $72,469,000 after acquiring an additional 215,867 shares during the period. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ARLO shares. Piper Sandler increased their price target on Arlo Technologies from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Raymond James Financial reiterated an "outperform" rating and set a $19.00 target price on shares of Arlo Technologies in a research report on Friday, May 8th. William Blair started coverage on shares of Arlo Technologies in a research note on Tuesday, July 7th. They issued an "outperform" rating on the stock. UBS Group set a $20.00 price target on shares of Arlo Technologies in a report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 22nd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $20.60.

Insider Transactions at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 27,297 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total transaction of $423,649.44. Following the completion of the sale, the chief financial officer owned 442,110 shares of the company's stock, valued at $6,861,547.20. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 57,775 shares of company stock worth $845,139. Insiders own 2.90% of the company's stock.

Arlo Technologies Price Performance

Shares of Arlo Technologies stock opened at $12.88 on Friday. The stock has a market capitalization of $1.40 billion, a P/E ratio of 47.71 and a beta of 1.56. The business has a 50 day simple moving average of $13.58 and a two-hundred day simple moving average of $13.53. Arlo Technologies, Inc. has a 12 month low of $11.05 and a 12 month 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. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The firm had revenue of $155.94 million for the quarter, compared to analyst estimates of $148.94 million. During the same period in the previous year, the company posted $0.17 earnings per share. The business's revenue was up 20.5% on a year-over-year basis. 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, research analysts anticipate that Arlo Technologies, Inc. will post 0.12 EPS for the current fiscal year.

Arlo Technologies Company 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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