Clearbridge Investments LLC Invests $6.79 Million in Arlo Technologies, Inc. $ARLO

Clearbridge Investments LLC acquired a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO) in the fourth quarter, HoldingsChannel reports. The fund acquired 485,667 shares of the company’s stock, valued at approximately $6,794,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ARLO. Arrowstreet Capital Limited Partnership increased its holdings in shares of Arlo Technologies by 778.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,884,616 shares of the company’s stock worth $31,944,000 after buying an additional 1,670,156 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Arlo Technologies by 30.1% during the 2nd quarter. Wasatch Advisors LP now owns 4,678,880 shares of the company’s stock worth $79,354,000 after buying an additional 1,082,443 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Arlo Technologies by 69.1% during the 3rd quarter. Marshall Wace LLP now owns 2,554,457 shares of the company’s stock worth $43,298,000 after buying an additional 1,043,854 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Arlo Technologies by 115.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company’s stock worth $15,325,000 after buying an additional 830,770 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Arlo Technologies by 96.4% during the 3rd quarter. Millennium Management LLC now owns 1,230,312 shares of the company’s stock worth $20,854,000 after buying an additional 604,018 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Arlo Technologies Price Performance

ARLO stock opened at $12.31 on Thursday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 45.58 and a beta of 1.55. Arlo Technologies, Inc. has a 1-year low of $11.05 and a 1-year high of $19.94. The firm has a fifty day moving average price of $13.69 and a two-hundred day moving average price of $13.61.

Arlo Technologies (NYSE:ARLO) last issued its earnings results on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The company had revenue of $150.38 million for the quarter, compared to analysts’ expectations of $139.73 million. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The firm’s revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. As a group, analysts expect that Arlo Technologies, Inc. will post 0.2 EPS for the current fiscal year.

Arlo Technologies announced that its board has initiated a share repurchase program on Wednesday, March 4th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts recently commented on ARLO shares. UBS Group set a $20.00 price target on shares of Arlo Technologies in a report on Monday, May 18th. Oppenheimer started coverage on shares of Arlo Technologies in a report on Monday, May 18th. They issued an “outperform” rating and a $20.00 price target on the stock. Weiss Ratings upgraded shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. 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. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.40.

Insider Transactions at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 65,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $15.70, for a total transaction of $1,020,500.00. Following the completion of the sale, the chief financial officer directly owned 499,885 shares in the company, valued at approximately $7,848,194.50. This trade represents a 11.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 115,000 shares of company stock valued at $1,750,000. Corporate insiders own 2.90% of the company’s stock.

Arlo Technologies Company Profile

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.