Trexquant Investment LP Sells 80,240 Shares of Arlo Technologies, Inc. $ARLO

Key Points

• Trexquant Investment LP reduced its position in Arlo Technologies by 20.5%, now holding 310,889 shares worth approximately $3.07 million.
• Analysts have boosted their price targets for Arlo Technologies, with Craig Hallum setting a target of $22.00 and Zacks Research upgrading the stock to a strong-buy rating.
• Insider trades show significant selling activity, with CFO Kurtis Joseph Binder selling over 113,000 shares and CEO Matthew Blake Mcrae selling 520,557 shares recently.

Trexquant Investment LP reduced its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 20.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 310,889 shares of the company's stock after selling 80,240 shares during the period. Trexquant Investment LP owned about 0.30% of Arlo Technologies worth $3,068,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake 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 purchasing an additional 2,095 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Arlo Technologies in the first quarter worth $119,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Arlo Technologies in the first quarter worth $123,000. CWM LLC increased its stake 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 purchasing an additional 8,335 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Arlo Technologies in the first quarter worth $131,000. 83.18% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 113,912 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $18.56, for a total value of $2,114,206.72. Following the sale, the chief financial officer 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew Blake Mcrae sold 520,557 shares of the 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 sale, the chief executive officer directly owned 1,621,835 shares in the company, valued at approximately $28,219,929. This represents a 24.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,306,967 shares of company stock worth $39,664,516. Insiders own 3.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ARLO. BWS Financial restated a "buy" rating and set a $26.00 target price (up previously from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. Raymond James Financial restated an "outperform" rating and set a $22.00 target price (up previously from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday. Zacks Research upgraded shares of Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Finally, Craig Hallum upped their target price 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. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $23.00.

Arlo Technologies Stock Performance

ARLO stock traded up $0.13 during trading on Monday, hitting $18.26. 177,009 shares of the company's stock traded hands, compared to its average volume of 1,104,552. Arlo Technologies, Inc. has a 52 week low of $7.84 and a 52 week high of $19.25. The business has a fifty day simple moving average of $16.81 and a 200 day simple moving average of $13.82. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -260.75 and a beta of 1.75.

Arlo Technologies (NYSE:ARLO - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $129.41 million for the quarter, compared to the consensus estimate of $123.33 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business's revenue for the quarter was up 1.6% on a year-over-year basis. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. Research analysts forecast that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Arlo Technologies Company 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.