Arlo Technologies, Inc. $ARLO Stock Position Reduced by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in Arlo Technologies, Inc. (NYSE:ARLO) by 10.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 2,049,418 shares of the company’s stock after selling 240,341 shares during the period. Renaissance Technologies LLC’s holdings in Arlo Technologies were worth $29,163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. lifted its stake 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% during the third quarter. Quarry LP now owns 2,649 shares of the company’s stock valued at $45,000 after purchasing an additional 783 shares during the last quarter. Strs Ohio acquired a new stake in shares of Arlo Technologies during the first quarter worth $66,000. Quadrant Capital Group LLC acquired a new stake in shares of Arlo Technologies during the third quarter worth $86,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Arlo Technologies by 1,682.9% during the second quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock worth $95,000 after purchasing an additional 5,301 shares during the period. 83.18% of the stock is currently owned by institutional investors.

Arlo Technologies Stock Performance

ARLO stock opened at $14.24 on Wednesday. Arlo Technologies, Inc. has a 1 year low of $11.05 and a 1 year high of $19.94. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 52.75 and a beta of 1.55. The stock’s fifty day moving average is $13.07 and its two-hundred day moving average is $13.39.

Arlo Technologies (NYSE:ARLO) last released its quarterly 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 business had revenue of $150.38 million during the quarter, compared to analyst estimates of $139.72 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The company’s quarterly revenue was up 26.3% on a year-over-year basis. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. As a group, analysts predict that Arlo Technologies, Inc. will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 65,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $15.70, for a total value of $1,020,500.00. Following the completion of the transaction, the chief financial officer owned 499,885 shares in the company, valued at approximately $7,848,194.50. This represents a 11.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ARLO. William Blair started coverage on shares of Arlo Technologies in a report on Tuesday, July 7th. They issued an “outperform” rating for the company. Piper Sandler assumed coverage on shares of Arlo Technologies in a research note on Sunday. They set an “overweight” rating and a $17.00 price objective on the stock. Weiss Ratings raised shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Raymond James Financial restated an “outperform” rating and issued a $19.00 target price on shares of Arlo Technologies in a research note on Friday, May 8th. Finally, Oppenheimer assumed coverage on Arlo Technologies in a report on Monday, May 18th. They set an “outperform” rating and a $20.00 target price for the company. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.67.

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.