Public Sector Pension Investment Board Boosts Stake in 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 increased its position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 27.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 318,184 shares of the company's stock after buying an additional 67,914 shares during the quarter. Public Sector Pension Investment Board owned about 0.31% of Arlo Technologies worth $3,140,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in Arlo Technologies during the 1st quarter worth approximately $123,000. Allspring Global Investments Holdings LLC raised its stake 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 worth $518,000 after purchasing an additional 10,448 shares during the last quarter. GAMMA Investing LLC raised its stake 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 worth $71,000 after purchasing an additional 2,095 shares during the last quarter. Bank of New York Mellon Corp raised its stake 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 worth $7,113,000 after purchasing an additional 15,811 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake 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 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.

Insider Buying and Selling at Arlo Technologies

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 520,557 shares of the 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kurtis Joseph Binder sold 113,912 shares of the firm's stock in a transaction on Friday, August 8th. The stock was 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 of the company's stock, 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. Over the last three months, insiders have sold 2,306,967 shares of company stock valued at $39,664,516. 3.80% of the stock is owned by corporate insiders.

Arlo Technologies Trading Up 4.1%

Shares of ARLO traded up $0.6960 on Friday, reaching $17.5360. 1,729,645 shares of the company's stock traded hands, compared to its average volume of 1,752,865. The stock has a market cap of $1.83 billion, a PE ratio of -250.48 and a beta of 1.85. The stock's 50 day simple moving average is $16.69 and its two-hundred day simple moving average is $13.38. Arlo Technologies, Inc. has a 52-week low of $7.84 and a 52-week high of $19.25.

Arlo Technologies (NYSE:ARLO - Get Free Report) last issued 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 company had revenue of $129.41 million during the quarter, compared to the consensus estimate of $123.33 million. Arlo Technologies had a negative return on equity of 6.69% and a negative net margin of 1.38%.Arlo Technologies's revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $0.10 earnings per share. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. Analysts forecast that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. BWS Financial reissued a "buy" rating and issued a $26.00 price objective (up from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. Craig Hallum increased their price objective on Arlo Technologies from $17.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $22.00 price objective (up from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Arlo Technologies currently has a consensus rating of "Buy" and a consensus target price 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.