OP Asset Management Ltd Invests $6.33 Million in Arlo Technologies, Inc. $ARLO

OP Asset Management Ltd acquired a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 444,636 shares of the company’s stock, valued at approximately $6,327,000.

Other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its holdings in Arlo Technologies by 763.3% during the fourth quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock worth $28,000 after purchasing an additional 1,748 shares during the last quarter. Quarry LP increased its stake in Arlo Technologies by 42.0% in the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock valued at $45,000 after buying an additional 783 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in shares of Arlo Technologies during the 3rd quarter worth about $86,000. EverSource Wealth Advisors LLC grew its holdings in shares of Arlo Technologies by 1,682.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock valued at $95,000 after acquiring an additional 5,301 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Arlo Technologies in the first quarter valued at about $66,000. Institutional investors own 83.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ARLO shares. Raymond James Financial reissued an “outperform” rating and issued a $19.00 target price on shares of Arlo Technologies in a research note on Friday, May 8th. UBS Group set a $20.00 price objective on shares of Arlo Technologies in a research report on Monday, May 18th. Weiss Ratings upgraded shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Oppenheimer began coverage on shares of Arlo Technologies in a report on Monday, May 18th. They issued an “outperform” rating and a $20.00 target price on the stock. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.40.

Insider Buying and Selling

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 65,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $15.70, for a total transaction of $1,020,500.00. Following the transaction, the chief financial officer owned 499,885 shares in the company, valued at $7,848,194.50. This trade represents a 11.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 115,000 shares of company stock worth $1,750,000. 2.90% of the stock is owned by company insiders.

Arlo Technologies Stock Performance

ARLO opened at $12.36 on Friday. The company has a market capitalization of $1.34 billion, a P/E ratio of 45.79 and a beta of 1.55. Arlo Technologies, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $19.94. The stock has a fifty day moving average of $13.49 and a 200-day moving average of $13.51.

Arlo Technologies (NYSE:ARLO) last announced its earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The company had revenue of $150.38 million for the quarter, compared to analysts’ expectations of $139.72 million. During the same period last year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 26.3% on a year-over-year basis. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. On average, equities research analysts predict that Arlo Technologies, Inc. will post 0.2 earnings per share for the current fiscal year.

Arlo Technologies declared that its board has approved a share buyback plan on Wednesday, March 4th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Arlo Technologies

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.