Arlo Technologies, Inc. $ARLO Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP grew its position in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,915,935 shares of the company’s stock after purchasing an additional 489,668 shares during the quarter. Wasatch Advisors LP owned approximately 0.05% of Arlo Technologies worth $79,747,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in Arlo Technologies by 28.8% during the first quarter. AQR Capital Management LLC now owns 406,688 shares of the company’s stock worth $4,014,000 after buying an additional 90,970 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Arlo Technologies by 15.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 171,986 shares of the company’s stock valued at $1,698,000 after buying an additional 23,068 shares in the last quarter. Millennium Management LLC raised its position in shares of Arlo Technologies by 116.1% in the first quarter. Millennium Management LLC now owns 455,692 shares of the company’s stock worth $4,498,000 after acquiring an additional 244,783 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Arlo Technologies by 115.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company’s stock worth $15,325,000 after acquiring an additional 830,770 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Arlo Technologies by 279.8% during the 1st quarter. Jane Street Group LLC now owns 292,302 shares of the company’s stock worth $2,885,000 after acquiring an additional 215,343 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ARLO shares. Oppenheimer assumed coverage on Arlo Technologies in a research report on Monday, May 18th. They set an “outperform” rating and a $20.00 target price on the stock. UBS Group set a $20.00 price target on Arlo Technologies in a report on Monday, May 18th. Weiss Ratings downgraded Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. William Blair started coverage on Arlo Technologies in a report on Tuesday, July 7th. They issued an “outperform” rating on the stock. Finally, Piper Sandler boosted their price objective on Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.60.

Arlo Technologies Stock Performance

NYSE ARLO opened at $14.70 on Wednesday. The business has a fifty day moving average price of $13.43 and a 200 day moving average price of $13.48. Arlo Technologies, Inc. has a one year low of $11.05 and a one year high of $19.94. The company has a market cap of $1.60 billion, a P/E ratio of 54.43 and a beta of 1.56.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share 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 company had revenue of $155.94 million for the quarter, compared to analyst estimates of $148.94 million. During the same quarter last year, the firm posted $0.17 EPS. The firm’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, sell-side analysts predict that Arlo Technologies, Inc. will post 0.2 EPS for the current fiscal year.

Insider Activity at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 27,297 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total value of $423,649.44. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 in the last ninety days. 2.90% of the stock is owned by corporate insiders.

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.