Arlo Technologies (NYSE:ARLO) Stock Price Down 6.8% – Here’s Why

Shares of Arlo Technologies, Inc. (NYSE:ARLO) traded down 6.8% on Wednesday . The company traded as low as $13.08 and last traded at $13.1450. 698,920 shares traded hands during trading, a decline of 48% from the average session volume of 1,350,699 shares. The stock had previously closed at $14.11.

Wall Street Analysts Forecast Growth

ARLO has been the subject of a number of research reports. Wall Street Zen downgraded Arlo Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings lowered shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Piper Sandler upped their price target on shares of Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. UBS Group set a $20.00 price target on Arlo Technologies in a research note on Monday, May 18th. Finally, Oppenheimer initiated coverage on shares of Arlo Technologies in a research note on Monday, May 18th. They set an “outperform” rating and a $20.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Arlo Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $20.60.

Arlo Technologies Stock Down 6.4%

The firm has a 50 day simple moving average of $13.66 and a 200-day simple moving average of $13.62. The stock has a market cap of $1.43 billion, a P/E ratio of 48.89 and a beta of 1.54.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.08. The firm had revenue of $155.94 million during the quarter, compared to the consensus estimate of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the business posted $0.17 earnings per share. 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. On average, equities analysts anticipate that Arlo Technologies, Inc. will post 0.12 earnings per share for the current year.

Insider Activity

In other Arlo Technologies news, CFO Kurtis Binder sold 27,297 shares of Arlo Technologies stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total value of $423,649.44. Following the transaction, the chief financial officer owned 442,110 shares in the company, valued at $6,861,547.20. The trade was a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 57,775 shares of company stock valued at $845,139. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Arlo Technologies

Several large investors have recently bought and sold shares of ARLO. BlackRock Inc. bought a new stake in shares of Arlo Technologies in the second quarter worth $235,992,000. Vanguard Group Inc. lifted its stake in shares of Arlo Technologies by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 10,691,336 shares of the company’s stock worth $149,572,000 after acquiring an additional 32,770 shares during the period. Brandes Investment Partners LP boosted its holdings in Arlo Technologies by 27.6% in the fourth quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock valued at $114,700,000 after acquiring an additional 1,772,063 shares during the last quarter. Wasatch Advisors LP increased its position in Arlo Technologies by 9.0% during the 2nd quarter. Wasatch Advisors LP now owns 5,915,935 shares of the company’s stock valued at $79,747,000 after purchasing an additional 489,668 shares during the period. Finally, State Street Corp lifted its position in shares of Arlo Technologies by 5.3% in the 2nd quarter. State Street Corp now owns 4,272,925 shares of the company’s stock worth $72,469,000 after purchasing an additional 215,867 shares during the period. 83.18% of the stock is currently owned by institutional investors.

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.