Squarepoint Ops LLC Sells 317,649 Shares of Arlo Technologies, Inc. $ARLO

Key Points

• Squarepoint Ops LLC cut its Arlo Technologies position by 75.4%, selling 317,649 shares and retaining 103,484 shares valued at approximately $1.4 million. Institutional investors collectively own 83.18% of ARLO.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Hold ratings producing a consensus rating of “Moderate Buy” and a $20.60 price target.
• Arlo exceeded quarterly expectations, reporting $0.28 in earnings per share versus the $0.20 estimate and $155.94 million in revenue, up 20.5% year over year. The stock opened at $13.38, below the analyst consensus target.

Squarepoint Ops LLC decreased its position in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 75.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,484 shares of the company's stock after selling 317,649 shares during the quarter. Squarepoint Ops LLC owned 0.10% of Arlo Technologies worth $1,395,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ARLO. BlackRock Inc. bought a new position in Arlo Technologies in the 2nd quarter valued at approximately $235,992,000. Rice Hall James & Associates LLC purchased a new stake in Arlo Technologies during the 2nd quarter valued at $50,320,000. Jupiter Topco LLC purchased a new stake in Arlo Technologies during the 2nd quarter valued at $34,557,000. Primecap Management Co. CA bought a new stake in shares of Arlo Technologies in the 2nd quarter worth $26,183,000. Finally, Brandes Investment Partners LP increased its holdings in shares of Arlo Technologies by 27.6% in the 4th quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company's stock worth $114,700,000 after purchasing an additional 1,772,063 shares in the last quarter. Institutional investors own 83.18% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ARLO. Piper Sandler boosted their price target on Arlo Technologies from $17.00 to $18.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Weiss Ratings cut Arlo Technologies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 3rd. Wall Street Zen downgraded Arlo Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 5th. Finally, William Blair started coverage on Arlo Technologies in a report on Tuesday, July 7th. They issued an "outperform" rating for the company. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.60.

Arlo Technologies Trading Down 1.1%

Shares of ARLO stock opened at $13.38 on Thursday. Arlo Technologies, Inc. has a 12-month low of $11.05 and a 12-month high of $19.94. The firm's 50 day moving average is $13.69 and its 200 day moving average is $13.69. The stock has a market capitalization of $1.45 billion, a P/E ratio of 49.54 and a beta of 1.54.

Arlo Technologies (NYSE:ARLO - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.08. The business had revenue of $155.94 million during the quarter, compared to the consensus estimate of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The firm's revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. 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. As a group, equities analysts predict that Arlo Technologies, Inc. will post 0.12 earnings per share for the current year.

Insider Activity

In related news, CFO Kurtis Binder sold 27,297 shares of Arlo Technologies stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total value of $423,649.44. Following the completion of the sale, the chief financial officer owned 442,110 shares of the company's stock, valued at $6,861,547.20. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 57,775 shares of company stock valued at $845,139. Company insiders own 2.90% of the company's stock.

About Arlo Technologies

Arlo Technologies, Inc develops and sells connected home security products and services. Its portfolio includes wire-free security cameras, video doorbells, floodlight cameras, indoor cameras, and related accessories designed to help consumers monitor and protect their homes and properties.

The company also provides cloud-based services that support video recording, storage, notifications, artificial intelligence-enabled detection, and other security features. Arlo offers subscription plans that provide additional capabilities, including more extensive video history and advanced monitoring features, alongside its hardware products.

Arlo was established as a standalone company following its separation from Netgear in 2018 and is headquartered in Carlsbad, California.

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