The Manufacturers Life Insurance Company Acquires Shares of 46,390 Arlo Technologies, Inc. $ARLO

The Manufacturers Life Insurance Company acquired a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 46,390 shares of the company’s stock, valued at approximately $625,000.

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

Insiders Place Their Bets

In other Arlo Technologies news, CFO Kurtis Binder sold 27,297 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total value of $423,649.44. Following the completion of the transaction, the chief financial officer owned 442,110 shares of the company’s stock, valued at $6,861,547.20. The trade was a 5.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 over the last quarter. Company insiders own 2.90% of the company’s stock.

Arlo Technologies Stock Performance

Arlo Technologies stock opened at $13.90 on Monday. Arlo Technologies, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $19.94. The firm’s fifty day moving average price is $13.64 and its 200-day moving average price is $13.59. The stock has a market cap of $1.51 billion, a P/E ratio of 51.48 and a beta of 1.54.

Arlo Technologies (NYSE:ARLO) last announced its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. The business had revenue of $155.94 million for the quarter, compared to analyst estimates of $148.94 million. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 EPS. 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. Sell-side analysts predict that Arlo Technologies, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Oppenheimer initiated coverage on shares of 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 research report on Monday, May 18th. Wall Street Zen cut Arlo Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings downgraded Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Finally, Piper Sandler raised their target price 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.60.

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.