Raymond James Financial Inc. reduced its position in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 16.9% during the first quarter, according to its most recent 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 0.33% of Arlo Technologies worth $3,362,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Arlo Technologies by 40.9% in the 1st quarter. GAMMA Investing LLC now owns 7,212 shares of the company's stock worth $71,000 after acquiring an additional 2,095 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Arlo Technologies in the 1st quarter worth about $119,000. Wealth Enhancement Advisory Services LLC bought a new position in Arlo Technologies in the 1st quarter worth about $123,000. CWM LLC grew its stake in Arlo Technologies by 185.6% in the 1st quarter. CWM LLC now owns 12,826 shares of the company's stock worth $127,000 after acquiring an additional 8,335 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Arlo Technologies by 9.7% in the 4th quarter. Hsbc Holdings PLC now owns 12,470 shares of the company's stock worth $140,000 after acquiring an additional 1,103 shares in the last quarter. 83.18% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
ARLO has been the topic of a number of research analyst reports. 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. BWS Financial reiterated a "buy" rating and set a $26.00 price objective (up from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. Zacks Research upgraded shares of Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Craig Hallum increased their price objective on shares of Arlo Technologies from $17.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, 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. One 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.com, the stock has a consensus rating of "Buy" and a consensus price target of $23.00.
View Our Latest Stock Report on Arlo Technologies
Insiders Place Their Bets
In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 113,912 shares of the firm'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 owned 809,615 shares of the company's stock, valued at approximately $15,026,454.40. This trade represents a 12.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew Blake Mcrae sold 520,557 shares of the firm'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 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,306,967 shares of company stock valued at $39,664,516. Corporate insiders own 5.20% of the company's stock.
Arlo Technologies Stock Performance
ARLO traded up $0.12 during trading on Friday, hitting $17.46. The stock had a trading volume of 997,118 shares, compared to its average volume of 1,351,874. The company has a market capitalization of $1.82 billion, a PE ratio of -249.42 and a beta of 1.75. Arlo Technologies, Inc. has a twelve month low of $7.84 and a twelve month high of $19.25. The stock has a 50 day simple moving average of $16.84 and a two-hundred day simple moving average of $13.99.
Arlo Technologies (NYSE:ARLO - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.17 earnings per share for the quarter, beating 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%. Arlo Technologies's revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. On average, equities research analysts anticipate that Arlo Technologies, Inc. will post -0.29 EPS for the current year.
About Arlo Technologies
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Free Report)
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.
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