Landscape Capital Management L.L.C. Acquires 16,183 Shares of Arlo Technologies, Inc. $ARLO

Key Points

• Landscape Capital Management L.L.C. increased its stake in Arlo Technologies by 6.8% during the first quarter, owning 253,773 shares valued at approximately $2.5 million.
• Following recent earnings, Arlo Technologies reported an earnings per share of $0.17, beating estimates, with revenue up 1.6% compared to the same quarter last year.
• Wall Street analysts have raised their ratings on Arlo Technologies, with Zacks reporting a shift from a "hold" to a "strong-buy" rating and target prices now averaging around $23.00.

Landscape Capital Management L.L.C. increased its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 253,773 shares of the company's stock after acquiring an additional 16,183 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.24% of Arlo Technologies worth $2,505,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Arlo Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 9,953,767 shares of the company's stock valued at $98,244,000 after purchasing an additional 132,350 shares in the last quarter. Northern Trust Corp raised its position in shares of Arlo Technologies by 11.7% during the 4th quarter. Northern Trust Corp now owns 1,711,116 shares of the company's stock worth $19,147,000 after buying an additional 179,288 shares in the last quarter. Emerald Advisers LLC lifted its stake in shares of Arlo Technologies by 0.8% in the 1st quarter. Emerald Advisers LLC now owns 1,679,789 shares of the company's stock worth $16,580,000 after acquiring an additional 13,307 shares during the period. Westwood Holdings Group Inc. boosted its holdings in shares of Arlo Technologies by 38.4% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,474,778 shares of the company's stock valued at $16,503,000 after acquiring an additional 409,489 shares in the last quarter. Finally, Needham Investment Management LLC increased its stake in shares of Arlo Technologies by 2.4% during the fourth quarter. Needham Investment Management LLC now owns 1,295,000 shares of the company's stock valued at $14,491,000 after acquiring an additional 30,000 shares during the period. 83.18% of the stock is owned by institutional investors.

Insider Transactions at Arlo Technologies

In related news, CEO Matthew Blake Mcrae sold 520,557 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $17.40, for a total value of $9,057,691.80. Following the sale, the chief executive officer owned 1,621,835 shares of the company's stock, valued at $28,219,929. The trade was a 24.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kurtis Joseph Binder sold 113,912 shares of Arlo Technologies stock in a transaction that occurred on Friday, August 8th. The shares were 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. The trade was a 12.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,306,967 shares of company stock valued at $39,664,516 over the last ninety days. 3.80% of the stock is owned by insiders.

Arlo Technologies Stock Up 2.0%

Shares of NYSE:ARLO traded up $0.36 on Wednesday, reaching $18.30. The company had a trading volume of 965,805 shares, compared to its average volume of 1,097,927. The stock has a market capitalization of $1.91 billion, a P/E ratio of -261.48 and a beta of 1.75. The stock has a 50-day moving average price of $16.75 and a 200 day moving average price of $13.66. Arlo Technologies, Inc. has a twelve month low of $7.84 and a twelve month high of $19.25.

Arlo Technologies (NYSE:ARLO - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $123.33 million. During the same quarter in the previous year, the business earned $0.10 EPS. The business's revenue was up 1.6% on a year-over-year basis. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. On average, sell-side analysts predict that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. BWS Financial reaffirmed a "buy" rating and set a $26.00 target price (up previously from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. Zacks Research raised shares of Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Craig Hallum upped their price target on Arlo Technologies from $17.00 to $22.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Raymond James Financial reissued an "outperform" rating and set a $22.00 price objective (up from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, Arlo Technologies has a consensus rating of "Buy" and a consensus price target of $23.00.

About Arlo Technologies

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.