Russell Investments Group Ltd. Invests $396,000 in Arlo Technologies, Inc. $ARLO

Key Points

• Russell Investments Group Ltd. acquired 40,099 shares of Arlo Technologies, Inc. valued at approximately $396,000 during the first quarter.
• Insider activity includes significant sales, with CFO Kurtis Binder selling 113,912 shares for over $2 million, and CEO Matthew Mcrae selling 520,557 shares for over $9 million.
• Analysts have recently raised price targets for Arlo Technologies, with a consensus price target of $23.00, indicating positive sentiment toward the stock.

Russell Investments Group Ltd. acquired a new position in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,099 shares of the company's stock, valued at approximately $396,000.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its position 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 acquiring an additional 2,095 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Arlo Technologies in the first quarter worth $123,000. Hsbc Holdings PLC increased its position in shares of Arlo Technologies by 9.7% in the fourth 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. Bridgefront Capital LLC acquired a new stake in shares of Arlo Technologies in the fourth quarter worth $141,000. Finally, CWM LLC increased its position in shares of Arlo Technologies by 185.6% in the first 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. Institutional investors and hedge funds own 83.18% of the company's stock.

Wall Street Analyst Weigh In

ARLO has been the subject of several recent research reports. Craig Hallum increased their price objective on shares of Arlo Technologies from $17.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Raymond James Financial reaffirmed an "outperform" rating and set a $22.00 price target (up from $15.00) on shares of Arlo Technologies in a report on Friday, August 8th. Zacks Research raised shares of Arlo Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. BWS Financial reaffirmed a "buy" rating and set a $26.00 price target (up from $24.00) on shares of Arlo Technologies in a report on Monday, August 11th. Finally, Wall Street Zen raised shares of Arlo Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, Arlo Technologies currently has a consensus rating of "Buy" and an average target price of $23.00.

Arlo Technologies Price Performance

ARLO traded down $0.09 during trading hours on Friday, reaching $18.16. 1,464,179 shares of the stock traded hands, compared to its average volume of 1,827,805. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -259.32 and a beta of 1.75. Arlo Technologies, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $19.25. The firm's fifty day simple moving average is $16.81 and its two-hundred day simple moving average is $13.79.

Arlo Technologies (NYSE:ARLO - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.17 earnings per share 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 analyst estimates 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 revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. On average, research analysts predict that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

Insider Buying and Selling at Arlo Technologies

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 520,557 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were 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 $28,219,929. This trade represents a 24.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction 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. This represents 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. 5.20% of the stock is owned by company insiders.

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.