Rice Hall James & Associates LLC Invests $50.32 Million in Arlo Technologies, Inc. $ARLO

Key Points

• Rice Hall James & Associates purchased 3.73 million Arlo Technologies shares worth approximately $50.32 million, making Arlo its third-largest holding and representing about 3.44% of the company.
• Arlo reported quarterly EPS of $0.28, beating estimates of $0.20, while revenue rose 20.5% year over year to $155.94 million. The company issued fiscal 2026 EPS guidance of $0.90–$1.00.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $20.60 versus the stock’s $13.68 opening price; however, CFO Kurtis Joseph Binder recently sold shares under a pre-arranged trading plan.

Rice Hall James & Associates LLC purchased a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,732,962 shares of the company's stock, valued at approximately $50,320,000. Arlo Technologies accounts for approximately 2.4% of Rice Hall James & Associates LLC's investment portfolio, making the stock its 3rd biggest holding. Rice Hall James & Associates LLC owned approximately 3.44% of Arlo Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in Arlo Technologies in the 2nd quarter worth approximately $8,768,000. State of Wyoming acquired a new stake in shares of Arlo Technologies during the 2nd quarter valued at $1,366,000. Wasatch Advisors LP grew its holdings in shares of Arlo Technologies by 9.0% during the 2nd quarter. Wasatch Advisors LP now owns 5,915,935 shares of the company's stock valued at $79,747,000 after acquiring an additional 489,668 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Arlo Technologies by 13.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 84,615 shares of the company's stock valued at $1,141,000 after acquiring an additional 10,128 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Arlo Technologies by 27.8% in the first quarter. Bank of America Corp DE now owns 256,060 shares of the company's stock worth $3,644,000 after acquiring an additional 55,689 shares during the last quarter. 83.18% of the stock is owned by hedge funds and other institutional investors.

Arlo Technologies Stock Down 4.5%

NYSE:ARLO opened at $13.68 on Tuesday. Arlo Technologies, Inc. has a 12 month low of $11.05 and a 12 month high of $19.94. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 50.67 and a beta of 1.56. The company's 50 day moving average is $13.53 and its 200-day moving average is $13.50.

Arlo Technologies (NYSE:ARLO - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.08. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The business had revenue of $155.94 million during the quarter, compared to analysts' expectations of $148.94 million. During the same period in the previous year, the company earned $0.17 earnings per share. Arlo Technologies's revenue for the quarter was up 20.5% on a year-over-year basis. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. Research analysts predict that Arlo Technologies, Inc. will post 0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ARLO has been the subject of several recent research reports. William Blair began coverage on Arlo Technologies in a report on Tuesday, July 7th. They set an "outperform" rating for the company. Piper Sandler boosted their target price on Arlo Technologies from $17.00 to $18.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. UBS Group set a $20.00 target price on Arlo Technologies in a research report on Monday, May 18th. Oppenheimer began coverage on Arlo Technologies in a research note on Monday, May 18th. They set an "outperform" rating and a $20.00 price target for the company. Finally, Wall Street Zen lowered Arlo Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Arlo Technologies currently has an average rating of "Moderate Buy" and an average target price of $20.60.

Insiders Place Their Bets

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 27,297 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total transaction of $423,649.44. Following the completion of the sale, the chief financial officer directly owned 442,110 shares in the company, valued at $6,861,547.20. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 57,775 shares of company stock worth $845,139. 2.90% of the stock is owned by insiders.

Arlo Technologies Profile

Arlo Technologies, Inc NYSE: ARLO is a provider of smart home security products and services designed for residential and small business customers. The company offers a portfolio of wireless and Wi-Fi-enabled security cameras, video doorbells, smart lighting solutions, and associated accessories. Arlo integrates advanced video analytics, motion detection, cloud storage, and two-way audio capabilities to deliver end-to-end security and monitoring solutions accessible through mobile applications and web interfaces.

Founded as a division of Netgear, Inc in 2014 and spun off as an independent public company in 2018, Arlo Technologies has established a presence in North America, Europe, Australia and parts of Asia.

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