Emerald Advisers LLC Sells 40,935 Shares of Arlo Technologies, Inc. $ARLO

Emerald Advisers LLC reduced its holdings in Arlo Technologies, Inc. (NYSE:ARLO) by 2.0% during the 1st quarter, HoldingsChannel reports. The firm owned 2,018,929 shares of the company’s stock after selling 40,935 shares during the quarter. Emerald Advisers LLC’s holdings in Arlo Technologies were worth $28,729,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Arlo Technologies by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 10,691,336 shares of the company’s stock worth $149,572,000 after purchasing an additional 32,770 shares during the last quarter. Brandes Investment Partners LP grew its holdings in Arlo Technologies by 27.6% in the 4th quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock valued at $114,700,000 after buying an additional 1,772,063 shares during the last quarter. Wasatch Advisors LP grew its holdings in Arlo Technologies by 17.7% in the 3rd quarter. Wasatch Advisors LP now owns 5,505,467 shares of the company’s stock valued at $93,318,000 after buying an additional 826,587 shares during the last quarter. State Street Corp increased its position in 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 buying an additional 215,867 shares during the period. Finally, Rice Hall James & Associates LLC increased its position in Arlo Technologies by 2.9% in the 4th quarter. Rice Hall James & Associates LLC now owns 3,576,612 shares of the company’s stock worth $50,037,000 after buying an additional 100,831 shares during the period. 83.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. 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. Raymond James Financial reiterated an “outperform” rating and set 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 target on shares of Arlo Technologies in a report on Monday, May 18th. Finally, William Blair assumed coverage on shares of Arlo Technologies in a research report on Tuesday, July 7th. They issued an “outperform” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Arlo Technologies has an average rating of “Moderate Buy” and an average target price of $21.40.

Insider Activity

In other news, CFO Kurtis Joseph Binder sold 65,000 shares of the stock in a transaction on 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 106,507 shares of company stock valued at $1,612,035. Corporate insiders own 2.90% of the company’s stock.

Arlo Technologies Trading Up 1.0%

ARLO opened at $13.13 on Tuesday. The stock’s 50 day simple moving average is $13.15 and its 200-day simple moving average is $13.44. The stock has a market cap of $1.43 billion, a PE ratio of 48.62 and a beta of 1.55. Arlo Technologies, Inc. has a 1 year low of $11.05 and a 1 year high of $19.94.

Arlo Technologies (NYSE:ARLO) last issued 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 return on equity of 18.66% and a net margin of 5.47%.The firm had revenue of $150.38 million during the quarter, compared to analysts’ expectations of $139.72 million. During the same period last year, the business earned $0.15 earnings per share. Arlo Technologies’s quarterly revenue was up 26.3% compared to the same quarter last year. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. Equities analysts forecast that Arlo Technologies, Inc. will post 0.2 earnings per share for the current fiscal year.

Arlo Technologies 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.