Arlo Technologies, Inc. $ARLO Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Arlo Technologies by 1.3%, acquiring an additional 132,350 shares, giving it a total of 9,953,767 shares valued at approximately $98.2 million.
• Multiple hedge funds have recently adjusted their holdings in Arlo, with institutional investors now owning 83.18% of the company's stock.
• Research analysts have raised their price targets for Arlo Technologies, with the consensus target now set at $23.00 and an average rating of "Buy".

Vanguard Group Inc. boosted its stake in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 1.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,953,767 shares of the company's stock after acquiring an additional 132,350 shares during the quarter. Vanguard Group Inc. owned 9.60% of Arlo Technologies worth $98,244,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in Arlo Technologies in the 1st quarter valued at $123,000. Allspring Global Investments Holdings LLC lifted 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 valued at $518,000 after purchasing an additional 10,448 shares in the last quarter. GAMMA Investing LLC lifted 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings in Arlo Technologies by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 720,618 shares of the company's stock valued at $7,113,000 after purchasing an additional 15,811 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Arlo Technologies by 21.5% in the 1st quarter. SG Americas Securities LLC now owns 33,130 shares of the company's stock valued at $327,000 after purchasing an additional 5,862 shares in the last quarter. Hedge funds and other institutional investors own 83.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Zacks Research upgraded Arlo Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday. Craig Hallum raised their price objective on Arlo Technologies from $17.00 to $22.00 and gave the company a "buy" rating in a report on Friday, August 8th. BWS Financial restated a "buy" rating and issued a $26.00 price objective (up previously from $24.00) on shares of Arlo Technologies in a report on Monday, August 11th. Finally, Raymond James Financial reissued an "outperform" rating and set a $22.00 price target (up previously from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $23.00.

Insider Activity

In related news, CFO Kurtis Joseph Binder sold 113,912 shares of the business's stock in a transaction dated 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 directly owned 809,615 shares in the company, valued at approximately $15,026,454.40. The trade was a 12.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the chief executive officer owned 1,621,835 shares in the company, valued at approximately $28,219,929. This trade represents a 24.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,306,967 shares of company stock worth $39,664,516. 5.20% of the stock is owned by insiders.

Arlo Technologies Stock Performance

Shares of ARLO stock traded up $0.26 on Thursday, hitting $17.84. 933,506 shares of the stock traded hands, compared to its average volume of 1,782,437. The stock has a market capitalization of $1.86 billion, a PE ratio of -254.85 and a beta of 1.85. Arlo Technologies, Inc. has a twelve month low of $7.84 and a twelve month high of $19.25. The firm's 50-day moving average price is $16.70 and its two-hundred day moving average price is $13.52.

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 the consensus estimate of $0.15 by $0.02. The firm had revenue of $129.41 million for the quarter, compared to analyst estimates of $123.33 million. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. Arlo Technologies's revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. On average, equities research analysts anticipate that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

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.