Arlo Technologies, Inc. $ARLO Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 30.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,544 shares of the company’s stock after buying an additional 9,753 shares during the quarter. Teacher Retirement System of Texas’ holdings in Arlo Technologies were worth $705,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in shares of Arlo Technologies by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 720,618 shares of the company’s stock valued at $7,113,000 after buying an additional 15,811 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Arlo Technologies in the first quarter worth about $396,000. Ieq Capital LLC lifted its holdings in Arlo Technologies by 166.7% in the 1st quarter. Ieq Capital LLC now owns 28,731 shares of the company’s stock valued at $284,000 after acquiring an additional 17,957 shares during the last quarter. S Squared Technology LLC bought a new position in shares of Arlo Technologies during the 1st quarter valued at about $4,590,000. Finally, Voya Investment Management LLC grew its stake in shares of Arlo Technologies by 40.4% in the 1st quarter. Voya Investment Management LLC now owns 113,716 shares of the company’s stock worth $1,122,000 after purchasing an additional 32,733 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors.

Arlo Technologies Trading Down 12.1%

Shares of NYSE ARLO opened at $14.90 on Friday. Arlo Technologies, Inc. has a one year low of $7.84 and a one year high of $19.94. The firm has a market capitalization of $1.55 billion, a PE ratio of 496.67 and a beta of 1.69. The business has a 50-day moving average price of $17.76 and a two-hundred day moving average price of $16.15.

Arlo Technologies (NYSE:ARLO) last issued its earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $139.53 million for the quarter, compared to the consensus estimate of $138.69 million. Arlo Technologies had a return on equity of 2.10% and a net margin of 0.84%.The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Arlo Technologies has set its Q4 2025 guidance at 0.130-0.190 EPS. Research analysts anticipate that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

Insider Transactions at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 135,494 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $16.89, for a total transaction of $2,288,493.66. Following the transaction, the chief financial officer owned 467,681 shares in the company, valued at approximately $7,899,132.09. This trade represents a 22.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew Blake Mcrae sold 520,557 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $17.40, for a total transaction of $9,057,691.80. Following the completion of the sale, the chief executive officer owned 1,621,835 shares of the company’s stock, valued at $28,219,929. This represents a 24.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 912,405 shares of company stock valued at $15,764,818. 5.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ARLO has been the subject of several recent research reports. Zacks Research lowered shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Craig Hallum increased their price objective on Arlo Technologies from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Wall Street Zen upgraded Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. BWS Financial reaffirmed a “buy” rating and set a $26.00 target price (up from $24.00) on shares of Arlo Technologies in a report on Monday, August 11th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $22.00 price target (up previously from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Arlo Technologies currently has a consensus rating of “Hold” and a consensus target price of $23.00.

Arlo Technologies Company Profile

Arlo Technologies, Inc, together with its subsidiaries, provides a cloud-based platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers Arlo Essential Cameras and Doorbells (2nd Generation) delivers smart home protection, including automated privacy shield, 180-degree field of view, and 2K video resolution; Arlo Home Security System, an all-in-one multi-sensor that provides access to security experts for monitoring and responding to emergency situations; Arlo Pro 5S, a wireless 2K video resolution security camera; Arlo Go 2, a camera for monitoring remote areas, large properties, construction sites, vacation homes, boat or RV slips, and hard-to-access areas; Arlo Ultra 2 provides 4K video with HDR, an ultra-wide, 180-degree field of view, auto zoom and tracking on moving objects, and color night vision; and Arlo Floodlight Camera, a wire-free floodlight camera.