Nuveen LLC Takes $6.30 Million Position in Arlo Technologies, Inc. $ARLO

Key Points

• Nuveen LLC acquired 638,058 shares of Arlo Technologies, amounting to approximately $6.3 million, increasing its ownership stake to 0.62% as of its latest SEC filing.
• Despite a recent acquisition, Arlo Technologies’ stock has seen a decline of 3.0%, with current trading at $17.02, and a market cap of $1.78 billion.
• Analysts remain optimistic with a consensus "Buy" rating for Arlo Technologies and a projected target price of $23.00, reflecting expected growth in the company's earnings.

Nuveen LLC purchased a new position in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 638,058 shares of the company's stock, valued at approximately $6,298,000. Nuveen LLC owned approximately 0.62% of Arlo Technologies as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Arlo Technologies during the first quarter worth $123,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Arlo Technologies by 24.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 53,081 shares of the company's stock valued at $518,000 after purchasing an additional 10,448 shares during the period. GAMMA Investing LLC grew its holdings in shares of Arlo Technologies by 40.9% in the first quarter. GAMMA Investing LLC now owns 7,212 shares of the company's stock valued at $71,000 after purchasing an additional 2,095 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Arlo Technologies by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 720,618 shares of the company's stock valued at $7,113,000 after purchasing an additional 15,811 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Arlo Technologies by 21.5% in the first quarter. SG Americas Securities LLC now owns 33,130 shares of the company's stock valued at $327,000 after purchasing an additional 5,862 shares during the period. Hedge funds and other institutional investors own 83.18% of the company's stock.

Arlo Technologies Trading Down 2.4%

NYSE:ARLO traded down $0.43 during mid-day trading on Friday, hitting $17.42. The stock had a trading volume of 1,577,187 shares, compared to its average volume of 1,762,422. The stock has a 50-day simple moving average of $16.71 and a two-hundred day simple moving average of $13.56. The company has a market capitalization of $1.82 billion, a PE ratio of -248.76 and a beta of 1.85. 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 announced its earnings results on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) 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 business had revenue of $129.41 million for the quarter, compared to analyst estimates of $123.33 million. During the same period last year, the firm posted $0.10 earnings per share. The company's revenue for the quarter 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. Sell-side analysts predict that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Kurtis Joseph Binder sold 113,912 shares of the firm's 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 completion of the transaction, the chief financial officer owned 809,615 shares of the company's stock, valued at $15,026,454.40. This trade represents a 12.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew Blake Mcrae sold 520,557 shares of the company's stock in a transaction on 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 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. In the last 90 days, insiders sold 2,306,967 shares of company stock valued at $39,664,516. 5.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on ARLO. Craig Hallum upped their target price on shares of Arlo Technologies from $17.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Raymond James Financial reaffirmed an "outperform" rating and issued a $22.00 target price (up previously from $15.00) on shares of Arlo Technologies in a research 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. Finally, BWS Financial reaffirmed a "buy" rating and issued a $26.00 target price (up previously from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, Arlo Technologies currently has a consensus rating of "Buy" and a consensus price target of $23.00.

Arlo Technologies Company 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.