Hennessy Advisors Inc. Sells 1,316 Shares of Arlo Technologies, Inc. $ARLO

Hennessy Advisors Inc. cut its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 10.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,760 shares of the company’s stock after selling 1,316 shares during the quarter. Hennessy Advisors Inc.’s holdings in Arlo Technologies were worth $182,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ARLO. Goldman Sachs Group Inc. increased its stake in Arlo Technologies by 115.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company’s stock valued at $15,325,000 after purchasing an additional 830,770 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Arlo Technologies during the first quarter valued at approximately $6,298,000. Hosking Partners LLP purchased a new stake in shares of Arlo Technologies during the first quarter valued at approximately $6,118,000. S Squared Technology LLC bought a new stake in shares of Arlo Technologies during the first quarter valued at approximately $4,590,000. Finally, AWM Investment Company Inc. raised its holdings in Arlo Technologies by 95.8% in the 1st quarter. AWM Investment Company Inc. now owns 654,401 shares of the company’s stock worth $6,459,000 after acquiring an additional 320,235 shares during the last quarter. Institutional investors own 83.18% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Arlo Technologies in a research note on Saturday, September 27th. Craig Hallum increased their price objective on Arlo Technologies from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Zacks Research raised Arlo Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. BWS Financial reaffirmed a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of Arlo Technologies in a report on Monday, August 11th. Finally, Wall Street Zen lowered shares of Arlo Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Insider Activity at Arlo Technologies

In other news, General Counsel Brian Busse sold 9,171 shares of Arlo Technologies stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $16.99, for a total transaction of $155,815.29. Following the transaction, the general counsel directly owned 669,376 shares of the company’s stock, valued at $11,372,698.24. The trade was a 1.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kurtis Joseph Binder sold 135,494 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $16.89, for a total value of $2,288,493.66. Following the transaction, the chief financial officer owned 467,681 shares of the company’s stock, valued at approximately $7,899,132.09. This trade represents a 22.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,313,009 shares of company stock worth $22,809,236. Corporate insiders own 3.80% of the company’s stock.

Arlo Technologies Stock Up 1.1%

Shares of NYSE:ARLO opened at $17.28 on Monday. The stock has a market capitalization of $1.80 billion, a PE ratio of -246.75 and a beta of 1.72. The firm’s 50 day moving average price is $17.20 and its 200-day moving average price is $14.66. Arlo Technologies, Inc. has a twelve month low of $7.84 and a twelve month high of $19.25.

Arlo Technologies (NYSE:ARLO) last announced its earnings results on Thursday, August 7th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $129.41 million during the quarter, compared to analysts’ expectations of $123.33 million. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 earnings per share. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. Analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share 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.