Vanguard Group Inc. Grows Position in Arlo Technologies, Inc. $ARLO

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. lifted its stake in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 1.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,953,767 shares of the company's stock after purchasing an additional 132,350 shares during the period. Vanguard Group Inc. owned 9.60% of Arlo Technologies worth $98,244,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Hsbc Holdings PLC increased its stake in shares of Arlo Technologies by 9.7% in the fourth quarter. Hsbc Holdings PLC now owns 12,470 shares of the company's stock worth $140,000 after purchasing an additional 1,103 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in Arlo Technologies by 3.3% during the first quarter. OneDigital Investment Advisors LLC now owns 36,262 shares of the company's stock worth $358,000 after acquiring an additional 1,154 shares during the last quarter. California State Teachers Retirement System raised its holdings in Arlo Technologies by 1.3% during the 4th quarter. California State Teachers Retirement System now owns 93,320 shares of the company's stock valued at $1,044,000 after buying an additional 1,232 shares during the period. GAMMA Investing LLC lifted its position in 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 buying an additional 2,095 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Arlo Technologies by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 58,223 shares of the company's stock worth $652,000 after buying an additional 3,221 shares during the period. 83.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ARLO has been the topic of several recent analyst reports. Zacks Research raised shares of Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday. Raymond James Financial reissued an "outperform" rating and issued a $22.00 price objective (up from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. 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. Finally, Craig Hallum upped their target price on Arlo Technologies from $17.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $23.00.

Insider Activity

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 transaction, the chief executive officer owned 1,621,835 shares of the company's stock, valued at $28,219,929. The trade was a 24.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kurtis Joseph Binder sold 113,912 shares of the 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 sale, the chief financial officer directly owned 809,615 shares of the company's stock, valued at $15,026,454.40. The trade was 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 worth $39,664,516 in the last quarter. 3.80% of the stock is owned by insiders.

Arlo Technologies Stock Performance

NYSE ARLO traded up $0.36 on Wednesday, reaching $17.59. 821,276 shares of the stock traded hands, compared to its average volume of 1,089,108. The company has a market cap of $1.84 billion, a price-to-earnings ratio of -251.39 and a beta of 1.85. The company has a fifty day moving average price of $16.68 and a 200-day moving average price of $13.45. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $19.25.

Arlo Technologies (NYSE:ARLO - Get Free Report) last released 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 for 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 quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. 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 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.