Manatuck Hill Partners LLC purchased a new position in Arlo Technologies, Inc. (NYSE:ARLO – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the company’s stock, valued at approximately $674,000.
Other hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new position in shares of Arlo Technologies during the second quarter valued at about $3,258,000. The Manufacturers Life Insurance Company purchased a new position in shares of Arlo Technologies during the second quarter worth $625,000. S Squared Technology LLC acquired a new position in shares of Arlo Technologies in the 2nd quarter valued at about $8,691,459,000. Paradigm Capital Management Inc. NY acquired a new position in Arlo Technologies in the second quarter valued at approximately $4,625,000. Finally, Algert Global LLC boosted its position in Arlo Technologies by 8.1% in the 2nd quarter. Algert Global LLC now owns 291,376 shares of the company’s stock worth $3,928,000 after purchasing an additional 21,791 shares in the last quarter. 83.18% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on ARLO shares. Wall Street Zen upgraded Arlo Technologies from a “buy” rating to a “strong-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 report on Monday, August 3rd. William Blair began coverage on Arlo Technologies in a report on Tuesday, July 7th. They issued an “outperform” rating on the stock. Piper Sandler boosted their price objective on Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, UBS Group set a $20.00 target price on Arlo Technologies in a research note on Monday, May 18th. Five equities 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $20.60.
Arlo Technologies Stock Performance
NYSE:ARLO opened at $13.36 on Wednesday. Arlo Technologies, Inc. has a one year low of $11.05 and a one year high of $19.94. The stock has a market cap of $1.45 billion, a PE ratio of 49.49 and a beta of 1.56. The stock has a 50 day moving average price of $13.58 and a 200 day moving average price of $13.52.
Arlo Technologies (NYSE:ARLO – Get Free Report) last released its quarterly earnings data 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. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The company had revenue of $155.94 million for the quarter, compared to analyst estimates of $148.94 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. 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. As a group, analysts predict that Arlo Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.
Insider Transactions at Arlo Technologies
In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 27,297 shares of Arlo Technologies stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total transaction of $423,649.44. Following the transaction, the chief financial officer directly owned 442,110 shares of the company’s stock, valued at $6,861,547.20. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,775 shares of company stock worth $845,139 in the last ninety days. 2.90% of the stock is currently owned by company insiders.
About Arlo Technologies
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.
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