State of Wyoming Makes New Investment in Arlo Technologies, Inc. $ARLO

Key Points

• State of Wyoming acquired 101,346 Arlo shares worth approximately $1.37 million in the second quarter, while institutional investors collectively owned 83.18% of the company.
• Arlo reported stronger-than-expected quarterly results, with earnings of $0.28 per share versus the $0.20 consensus estimate and revenue up 20.5% year over year to $155.94 million.
• Analyst sentiment remains generally positive, with five Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $20.60, compared with a recent share price of $14.35.

State of Wyoming acquired a new stake in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 101,346 shares of the company's stock, valued at approximately $1,366,000. State of Wyoming owned about 0.09% of Arlo Technologies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Hantz Financial Services Inc. raised its holdings in Arlo Technologies by 763.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company's stock valued at $28,000 after buying an additional 1,748 shares during the period. Quarry LP boosted its stake in Arlo Technologies by 42.0% during the third quarter. Quarry LP now owns 2,649 shares of the company's stock worth $45,000 after buying an additional 783 shares during the period. Strs Ohio bought a new position in Arlo Technologies during the first quarter valued at $66,000. Quadrant Capital Group LLC bought a new position in Arlo Technologies during the third quarter valued at $86,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Arlo Technologies by 1,682.9% in the second quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company's stock valued at $95,000 after acquiring an additional 5,301 shares during the period. Hedge funds and other institutional investors own 83.18% of the company's stock.

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 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 directly owned 442,110 shares in the company, valued at approximately $6,861,547.20. This represents a 5.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 57,775 shares of company stock worth $845,139. Insiders own 2.90% of the company's stock.

Wall Street Analyst Weigh In

ARLO has been the subject of several analyst reports. Raymond James Financial restated an "outperform" rating and issued a $19.00 target price on shares of Arlo Technologies in a report on Friday, May 8th. Wall Street Zen downgraded shares of Arlo Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings lowered Arlo Technologies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 3rd. Oppenheimer began coverage on Arlo Technologies in a research note on Monday, May 18th. They set an "outperform" rating and a $20.00 target price on the stock. Finally, Piper Sandler increased their price target on Arlo Technologies from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $20.60.

Arlo Technologies Price Performance

Shares of ARLO stock opened at $14.35 on Friday. The company has a market capitalization of $1.56 billion, a P/E ratio of 53.13 and a beta of 1.56. The company's 50-day simple moving average is $13.51 and its two-hundred day simple moving average is $13.49. Arlo Technologies, Inc. has a one year low of $11.05 and a one year high of $19.94.

Arlo Technologies (NYSE:ARLO - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.08. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The firm had revenue of $155.94 million during the quarter, compared to the consensus estimate of $148.94 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The company's revenue 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. On average, research analysts expect that Arlo Technologies, Inc. will post 0.2 EPS for the current fiscal year.

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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