Wasatch Advisors LP lifted its holdings in Arlo Technologies, Inc. (NYSE:ARLO - Free Report) by 9.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,915,935 shares of the company's stock after purchasing an additional 489,668 shares during the period. Wasatch Advisors LP owned about 5.45% of Arlo Technologies worth $79,747,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its stake in Arlo Technologies by 13.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 84,615 shares of the company's stock worth $1,141,000 after buying an additional 10,128 shares in the last quarter. Bank of America Corp DE boosted its position in Arlo Technologies by 27.8% during the 1st quarter. Bank of America Corp DE now owns 256,060 shares of the company's stock valued at $3,644,000 after acquiring an additional 55,689 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Arlo Technologies by 74.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,615,569 shares of the company's stock valued at $22,990,000 after acquiring an additional 687,129 shares during the period. Smith Group Asset Management LLC increased its holdings in shares of Arlo Technologies by 9.0% in the 1st quarter. Smith Group Asset Management LLC now owns 53,529 shares of the company's stock valued at $762,000 after acquiring an additional 4,435 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Arlo Technologies by 20.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 11,281 shares of the company's stock worth $161,000 after acquiring an additional 1,884 shares in the last quarter. 83.18% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on ARLO. Oppenheimer began coverage on Arlo Technologies in a research note on Monday, May 18th. They set an "outperform" rating and a $20.00 price objective for the company. Wall Street Zen lowered Arlo Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Piper Sandler increased their price target on shares of Arlo Technologies from $17.00 to $18.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Weiss Ratings lowered shares of Arlo Technologies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 3rd. Finally, Raymond James Financial restated an "outperform" rating and issued a $19.00 price target on shares of Arlo Technologies in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $20.60.
Get Our Latest Stock Report on ARLO
Insider Buying and Selling
In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 27,297 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total transaction of $423,649.44. Following the sale, the chief financial officer directly owned 442,110 shares of the company's stock, valued at approximately $6,861,547.20. This trade represents a 5.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,775 shares of company stock valued at $845,139 over the last 90 days. 2.90% of the stock is currently owned by corporate insiders.
Arlo Technologies Stock Down 0.2%
Shares of NYSE:ARLO opened at $14.70 on Wednesday. Arlo Technologies, Inc. has a 52-week low of $11.05 and a 52-week high of $19.94. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 54.43 and a beta of 1.56. The business has a 50-day moving average price of $13.43 and a 200-day moving average price of $13.48.
Arlo Technologies (NYSE:ARLO - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.08. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The firm had revenue of $155.94 million for the quarter, compared to analyst estimates of $148.94 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. Arlo Technologies's revenue for the quarter was up 20.5% on a year-over-year basis. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. As a group, equities analysts anticipate that Arlo Technologies, Inc. will post 0.2 EPS for the current fiscal year.
Arlo Technologies Company Profile
(
Free Report)
Arlo Technologies, Inc NYSE: ARLO is a provider of smart home security products and services designed for residential and small business customers. The company offers a portfolio of wireless and Wi-Fi-enabled security cameras, video doorbells, smart lighting solutions, and associated accessories. Arlo integrates advanced video analytics, motion detection, cloud storage, and two-way audio capabilities to deliver end-to-end security and monitoring solutions accessible through mobile applications and web interfaces.
Founded as a division of Netgear, Inc in 2014 and spun off as an independent public company in 2018, Arlo Technologies has established a presence in North America, Europe, Australia and parts of Asia.
Featured Stories
Want to see what other hedge funds are holding ARLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arlo Technologies, Inc. (NYSE:ARLO - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Arlo Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arlo Technologies wasn't on the list.
While Arlo Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
