PDT Partners LLC Makes New Investment in Arlo Technologies, Inc. $ARLO

Key Points

• PDT Partners LLC made a new investment of approximately $651,000 in Arlo Technologies, purchasing 65,988 shares, which represents a 0.06% ownership stake.
• Arlo Technologies recently reported earnings of $0.17 per share for the quarter, beating estimates, while the company anticipates a negative EPS for the fiscal year.
• Multiple analysts have upgraded their ratings and target prices for Arlo Technologies, with a consensus rating of "Buy" and an average target price of $23.00.

PDT Partners LLC purchased a new stake in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 65,988 shares of the company's stock, valued at approximately $651,000. PDT Partners LLC owned approximately 0.06% of Arlo Technologies at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new position in Arlo Technologies during the first quarter valued at approximately $123,000. Allspring Global Investments Holdings LLC grew its position in Arlo Technologies by 24.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 53,081 shares of the company's stock worth $518,000 after buying an additional 10,448 shares in the last quarter. GAMMA Investing LLC grew its position 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 in the last quarter. Bank of New York Mellon Corp grew its position in Arlo Technologies by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 720,618 shares of the company's stock worth $7,113,000 after buying an additional 15,811 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Arlo Technologies by 21.5% during the first quarter. SG Americas Securities LLC now owns 33,130 shares of the company's stock worth $327,000 after purchasing an additional 5,862 shares during the last quarter. 83.18% of the stock is owned by institutional investors and hedge funds.

Arlo Technologies Stock Performance

Arlo Technologies stock traded down $0.26 during mid-day trading on Wednesday, reaching $17.25. The company's stock had a trading volume of 315,212 shares, compared to its average volume of 1,108,273. The firm's fifty day moving average price is $16.84 and its two-hundred day moving average price is $13.89. The company has a market capitalization of $1.80 billion, a P/E ratio of -246.54 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 released its quarterly earnings results on Thursday, August 7th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.02. The firm had revenue of $129.41 million during the quarter, compared to analyst estimates of $123.33 million. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 EPS. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. On average, research analysts predict that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen upgraded Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. Zacks Research raised Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Craig Hallum increased their price target on Arlo Technologies from $17.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Raymond James Financial restated an "outperform" rating and issued a $22.00 target price (up from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. Finally, BWS Financial restated a "buy" rating and issued a $26.00 target price (up from $24.00) on shares of Arlo Technologies in a research note 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 company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $23.00.

Insider Buying and Selling at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 113,912 shares of the company's stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 809,615 shares in the company, valued at approximately $15,026,454.40. The trade was a 12.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Blake Mcrae sold 520,557 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $17.40, for a total transaction of $9,057,691.80. Following the completion of the sale, the chief executive officer directly owned 1,621,835 shares of the company's stock, valued at $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 2,306,967 shares of company stock valued at $39,664,516 over the last quarter. 3.80% of the stock is owned by company insiders.

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.