Arlo Technologies, Inc. $ARLO Shares Sold by Raymond James Financial Inc.

Raymond James Financial Inc. reduced its holdings in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 16.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,644 shares of the company's stock after selling 69,154 shares during the quarter. Raymond James Financial Inc. owned about 0.33% of Arlo Technologies worth $3,362,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fox Run Management L.L.C. acquired a new position in Arlo Technologies during the first quarter worth approximately $119,000. Russell Investments Group Ltd. acquired a new position in Arlo Technologies during the first quarter worth approximately $396,000. Public Sector Pension Investment Board grew its stake in Arlo Technologies by 27.1% during the first quarter. Public Sector Pension Investment Board now owns 318,184 shares of the company's stock worth $3,140,000 after buying an additional 67,914 shares during the period. Nuveen LLC purchased a new stake in Arlo Technologies during the first quarter worth approximately $6,298,000. Finally, Invesco Ltd. grew its stake in Arlo Technologies by 1.7% during the first quarter. Invesco Ltd. now owns 357,450 shares of the company's stock worth $3,528,000 after buying an additional 5,895 shares during the period. Institutional investors and hedge funds own 83.18% of the company's stock.

Arlo Technologies Price Performance

ARLO traded up $0.41 during trading on Thursday, hitting $17.33. The company had a trading volume of 805,586 shares, compared to its average volume of 1,115,730. The company has a market cap of $1.81 billion, a PE ratio of -247.52 and a beta of 1.75. The business has a 50-day moving average of $16.84 and a 200-day moving average of $13.92. Arlo Technologies, Inc. has a 1-year low of $7.84 and a 1-year high of $19.25.

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

Insiders Place Their Bets

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 113,912 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $18.56, for a total transaction of $2,114,206.72. Following the sale, the chief financial officer directly owned 809,615 shares of the company's stock, valued at approximately $15,026,454.40. This represents a 12.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, 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. Insiders have sold 2,306,967 shares of company stock worth $39,664,516 over the last three months. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Raymond James Financial reiterated 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. Craig Hallum boosted their price objective on shares of Arlo Technologies from $17.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. Zacks Research upgraded shares of Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. 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 issued a Buy rating to the stock. According to MarketBeat.com, Arlo Technologies has an average rating of "Buy" and an average price target of $23.00.

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.