Public Sector Pension Investment Board Purchases 67,914 Shares of Arlo Technologies, Inc. $ARLO

Key Points

• The Public Sector Pension Investment Board increased its stake in Arlo Technologies by 27.1% by acquiring 67,914 shares, bringing its total to 318,184 shares valued at approximately $3.14 million.
• Insider selling activity included CFO Kurtis Joseph Binder selling 113,912 shares and CEO Matthew Blake Mcrae selling 520,557 shares, representing significant decreases in their respective ownership stakes.
• Recent analyst ratings for Arlo Technologies include upgraded price targets, with BWS Financial setting a new target of $26.00 and Raymond James Financial raising theirs to $22.00.

Public Sector Pension Investment Board raised its stake in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 27.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 318,184 shares of the company's stock after acquiring an additional 67,914 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.31% of Arlo Technologies worth $3,140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ARLO. Nuveen LLC bought a new position in shares of Arlo Technologies in the first quarter worth about $6,298,000. Hosking Partners LLP bought a new position in Arlo Technologies in the 1st quarter valued at approximately $6,118,000. Raymond James Financial Inc. bought a new position in Arlo Technologies in the 4th quarter valued at approximately $4,586,000. Westwood Holdings Group Inc. raised its holdings in Arlo Technologies by 38.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,474,778 shares of the company's stock valued at $16,503,000 after buying an additional 409,489 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in Arlo Technologies in the 4th quarter valued at approximately $4,050,000. Institutional investors own 83.18% of the company's stock.

Arlo Technologies Stock Up 4.1%

Arlo Technologies stock traded up $0.6960 during mid-day trading on Friday, hitting $17.5360. 1,729,645 shares of the stock were exchanged, compared to its average volume of 1,720,188. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $19.25. The firm's fifty day simple moving average is $16.69 and its two-hundred day simple moving average is $13.36. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -250.48 and a beta of 1.85.

Arlo Technologies (NYSE:ARLO - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $129.41 million during the quarter, compared to the consensus estimate of $123.33 million. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 EPS. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. As a group, analysts forecast that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BWS Financial reiterated a "buy" rating and issued a $26.00 price objective (up previously from $24.00) on shares of Arlo Technologies in a report on Monday, August 11th. Raymond James Financial reiterated an "outperform" rating and issued a $22.00 price objective (up previously from $15.00) on shares of Arlo Technologies in a report on Friday, August 8th. Finally, Craig Hallum raised their price objective on shares of Arlo Technologies from $17.00 to $22.00 and gave the company a "buy" rating in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Arlo Technologies has a consensus 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 business's stock in a transaction dated 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 transaction, the chief financial officer directly owned 809,615 shares of the company's stock, valued at approximately $15,026,454.40. The trade was a 12.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew Blake Mcrae sold 520,557 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,621,835 shares in the company, valued at $28,219,929. This trade represents a 24.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 insiders.

Arlo Technologies 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.