State of Wyoming Has $210,000 Position in Arlo Technologies, Inc. $ARLO

Key Points

• The State of Wyoming reduced its stake in Arlo Technologies by 63.8%, selling 37,481 shares and now holding 21,260 shares valued at $210,000.
• Institutional investors control 83.18% of Arlo Technologies' stock, with Vanguard Group increasing its stake by 1.3% to nearly 10 million shares worth $98 million.
• Wall Street analysts have a consensus rating of "Buy" for Arlo Technologies, with price targets raised up to $26.00.

State of Wyoming reduced its holdings in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 63.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,260 shares of the company's stock after selling 37,481 shares during the quarter. State of Wyoming's holdings in Arlo Technologies were worth $210,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Landscape Capital Management L.L.C. grew its position in shares of Arlo Technologies by 6.8% in the first quarter. Landscape Capital Management L.L.C. now owns 253,773 shares of the company's stock valued at $2,505,000 after purchasing an additional 16,183 shares during the last quarter. Ieq Capital LLC grew its position in shares of Arlo Technologies by 166.7% in the first quarter. Ieq Capital LLC now owns 28,731 shares of the company's stock valued at $284,000 after purchasing an additional 17,957 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Arlo Technologies by 137.9% in the first quarter. Hsbc Holdings PLC now owns 29,667 shares of the company's stock valued at $290,000 after purchasing an additional 17,197 shares during the last quarter. Versor Investments LP acquired a new stake in shares of Arlo Technologies in the first quarter valued at about $131,000. Finally, Algert Global LLC grew its position in shares of Arlo Technologies by 17.9% in the first quarter. Algert Global LLC now owns 245,516 shares of the company's stock valued at $2,423,000 after purchasing an additional 37,190 shares during the last quarter. 83.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Matthew Blake Mcrae sold 520,557 shares of Arlo Technologies stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $17.40, for a total value of $9,057,691.80. Following the completion of the transaction, the chief executive officer owned 1,621,835 shares in the company, valued at approximately $28,219,929. The trade was a 24.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kurtis Joseph Binder sold 113,912 shares of Arlo Technologies stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $18.56, for a total transaction 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 $15,026,454.40. This trade represents a 12.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,306,967 shares of company stock valued at $39,664,516 in the last quarter. 3.80% of the stock is currently owned by corporate insiders.

Arlo Technologies Stock Down 3.2%

ARLO traded down $0.57 during midday trading on Tuesday, reaching $17.52. 328,348 shares of the company's stock were exchanged, compared to its average volume of 1,103,822. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of -250.55 and a beta of 1.75. Arlo Technologies, Inc. has a one year low of $7.84 and a one year high of $19.25. The business has a 50-day simple moving average of $16.84 and a two-hundred day simple moving average of $13.87.

Arlo Technologies (NYSE:ARLO - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. The firm had revenue of $129.41 million during the quarter, compared to analysts' expectations of $123.33 million. During the same quarter last year, the company earned $0.10 earnings per share. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. As a group, research analysts anticipate that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ARLO. BWS Financial reaffirmed a "buy" rating and issued a $26.00 price target (up from $24.00) on shares of Arlo Technologies in a research report 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. Wall Street Zen upgraded shares of Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday. Craig Hallum increased their target price 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, Raymond James Financial reiterated an "outperform" rating and issued a $22.00 target price (up previously from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat.com, Arlo Technologies currently has an average rating of "Buy" and an average target price of $23.00.

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.