State of Wyoming Sells 37,481 Shares of 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 lessened its position in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 63.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,260 shares of the company's stock after selling 37,481 shares during the period. State of Wyoming's holdings in Arlo Technologies were worth $210,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ARLO. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Arlo Technologies in the first quarter valued at $123,000. Allspring Global Investments Holdings LLC increased its holdings in Arlo Technologies by 24.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 53,081 shares of the company's stock worth $518,000 after acquiring an additional 10,448 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Arlo Technologies by 40.9% in the 1st quarter. GAMMA Investing LLC now owns 7,212 shares of the company's stock valued at $71,000 after purchasing an additional 2,095 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Arlo Technologies by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 720,618 shares of the company's stock valued at $7,113,000 after buying an additional 15,811 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Arlo Technologies by 21.5% in the first quarter. SG Americas Securities LLC now owns 33,130 shares of the company's stock valued at $327,000 after acquiring an additional 5,862 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors.

Insider Transactions at Arlo Technologies

In related news, CEO Matthew Blake Mcrae sold 520,557 shares of the business's stock in a transaction dated 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 sale, the chief executive officer owned 1,621,835 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kurtis Joseph Binder sold 113,912 shares of the company's stock in a transaction that occurred 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 $15,026,454.40. This trade represents a 12.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,306,967 shares of company stock valued at $39,664,516. 3.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Arlo Technologies Stock Performance

Shares of NYSE ARLO traded down $0.01 during trading hours on Monday, hitting $18.13. The company's stock had a trading volume of 552,146 shares, compared to its average volume of 1,106,817. The business has a 50-day simple moving average of $16.81 and a 200-day simple moving average of $13.82. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $19.25. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -259.03 and a beta of 1.75.

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

Arlo Technologies Profile

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.