Primecap Management Co. CA bought a new stake in shares of Arlo Technologies, Inc. (NYSE:ARLO – Free Report) during the second quarter, Holdings Channel reports. The institutional investor bought 1,942,330 shares of the company’s stock, valued at approximately $26,183,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP boosted its stake in Arlo Technologies by 557.1% during the 4th quarter. GSA Capital Partners LLP now owns 141,372 shares of the company’s stock valued at $1,978,000 after purchasing an additional 119,857 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in shares of Arlo Technologies in the fourth quarter worth approximately $6,794,000. UBS Group AG raised its stake in shares of Arlo Technologies by 49.9% in the fourth quarter. UBS Group AG now owns 580,829 shares of the company’s stock worth $8,126,000 after purchasing an additional 193,379 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of Arlo Technologies by 1.9% in the first quarter. Wasatch Advisors LP now owns 5,426,267 shares of the company’s stock valued at $77,216,000 after purchasing an additional 103,782 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Arlo Technologies by 2.3% in the first quarter. Rice Hall James & Associates LLC now owns 3,659,888 shares of the company’s stock valued at $52,080,000 after purchasing an additional 83,276 shares in the last quarter. 83.18% of the stock is owned by institutional investors.
Insider Transactions at Arlo Technologies
In related news, CFO Kurtis Joseph Binder sold 27,297 shares of the business’s 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 sale, the chief financial officer directly owned 442,110 shares in the company, valued at approximately $6,861,547.20. The trade was a 5.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 57,775 shares of company stock valued at $845,139. Insiders own 2.90% of the company’s stock.
Arlo Technologies Price Performance
Arlo Technologies (NYSE:ARLO – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.08. The firm had revenue of $155.94 million for the quarter, compared to analysts’ expectations of $148.94 million. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 EPS. 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 anticipate that Arlo Technologies, Inc. will post 0.12 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on ARLO shares. Oppenheimer initiated coverage on Arlo Technologies in a report on Monday, May 18th. They set an “outperform” rating and a $20.00 price target for the company. William Blair began coverage on Arlo Technologies in a research note on Tuesday, July 7th. They set an “outperform” rating on the stock. Weiss Ratings cut Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Wall Street Zen raised shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $19.00 target price on shares of Arlo Technologies in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Arlo Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $20.60.
Read Our Latest Analysis on Arlo Technologies
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.
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