S Squared Technology LLC lifted its position in shares of Arlo Technologies, Inc. (NYSE:ARLO – Free Report) by 11.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 519,767 shares of the company’s stock after purchasing an additional 54,727 shares during the quarter. Arlo Technologies accounts for 3.7% of S Squared Technology LLC’s portfolio, making the stock its 10th largest position. S Squared Technology LLC owned approximately 0.50% of Arlo Technologies worth $8,815,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in Arlo Technologies by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 720,618 shares of the company’s stock worth $7,113,000 after purchasing an additional 15,811 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Arlo Technologies in the first quarter valued at approximately $396,000. Ieq Capital LLC increased its position in shares of Arlo Technologies by 166.7% during the first quarter. Ieq Capital LLC now owns 28,731 shares of the company’s stock worth $284,000 after acquiring an additional 17,957 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Arlo Technologies by 40.4% during the first quarter. Voya Investment Management LLC now owns 113,716 shares of the company’s stock worth $1,122,000 after acquiring an additional 32,733 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Arlo Technologies during the first quarter worth $150,000. Institutional investors and hedge funds own 83.18% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on ARLO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Arlo Technologies in a report on Wednesday, October 8th. BWS Financial reaffirmed a “buy” rating and set a $26.00 price objective (up from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. Zacks Research lowered Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Wall Street Zen raised shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $22.00 price objective (up previously from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $23.00.
Insider Transactions at Arlo Technologies
In other news, CFO Kurtis Joseph Binder sold 51,668 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $17.82, for a total transaction of $920,723.76. Following the completion of the sale, the chief financial officer owned 416,013 shares in the company, valued at $7,413,351.66. The trade was a 11.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Brian Busse sold 9,171 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $16.99, for a total value of $155,815.29. Following the completion of the transaction, the general counsel directly owned 669,376 shares in the company, valued at $11,372,698.24. The trade was a 1.35% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 912,405 shares of company stock worth $15,764,818. 3.80% of the stock is owned by insiders.
Arlo Technologies Trading Down 12.1%
Shares of NYSE ARLO opened at $14.90 on Monday. The company has a market capitalization of $1.55 billion, a P/E ratio of 496.67 and a beta of 1.69. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $19.94. The stock has a 50 day moving average of $17.76 and a 200-day moving average of $16.19.
Arlo Technologies (NYSE:ARLO – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Arlo Technologies had a return on equity of 2.00% and a net margin of 0.84%.The business had revenue of $139.53 million during the quarter, compared to the consensus estimate of $138.69 million. During the same quarter last year, the firm posted $0.11 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Arlo Technologies has set its Q4 2025 guidance at 0.130-0.190 EPS. Analysts predict that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.
About Arlo Technologies
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.
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