Voya Investment Management LLC Raises Stock Position in Arlo Technologies, Inc. $ARLO

Voya Investment Management LLC grew its holdings in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 40.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 113,716 shares of the company's stock after acquiring an additional 32,733 shares during the period. Voya Investment Management LLC owned 0.11% of Arlo Technologies worth $1,122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ARLO. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Arlo Technologies in the 1st quarter worth $123,000. Allspring Global Investments Holdings LLC grew its position in Arlo Technologies by 24.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 53,081 shares of the company's stock worth $518,000 after purchasing an additional 10,448 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 acquiring an additional 2,095 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of 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 during the period. Finally, SG Americas Securities LLC lifted its stake in shares of 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 during the period. 83.18% of the stock is currently owned by institutional investors.

Arlo Technologies Trading Down 2.7%

ARLO opened at $18.04 on Wednesday. The stock's 50 day simple moving average is $17.08 and its 200-day simple moving average is $14.29. The stock has a market cap of $1.88 billion, a PE ratio of -257.71 and a beta of 1.75. Arlo Technologies, Inc. has a 1 year low of $7.84 and a 1 year high of $19.25.

Arlo Technologies (NYSE:ARLO - Get Free Report) last posted its quarterly earnings data 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 return on equity of 6.69% and a negative net margin of 1.38%.The company had revenue of $129.41 million for the quarter, compared to analyst estimates of $123.33 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The business's revenue was up 1.6% on a year-over-year basis. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. Equities analysts forecast that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Insider Transactions at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 113,912 shares of Arlo Technologies 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 completion of the transaction, 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew Blake Mcrae sold 520,557 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 1,621,835 shares of the company's stock, valued at $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 1,197,043 shares of company stock worth $20,891,120. Corporate insiders own 3.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ARLO shares. BWS Financial reissued 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. Wall Street Zen raised shares of Arlo Technologies from a "buy" rating to a "strong-buy" rating in a report on Sunday. Zacks Research raised shares of Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Raymond James Financial reiterated 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. Finally, Craig Hallum upped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat, the company 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.

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