Hennessy Advisors Inc. Cuts Stock Position in Arlo Technologies, Inc. $ARLO

Hennessy Advisors Inc. cut its holdings in Arlo Technologies, Inc. (NYSE:ARLO) by 10.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,760 shares of the company’s stock after selling 1,316 shares during the period. Hennessy Advisors Inc.’s holdings in Arlo Technologies were worth $182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARLO. Strs Ohio bought a new stake in shares of Arlo Technologies during the first quarter valued at approximately $66,000. GAMMA Investing LLC grew its stake in Arlo Technologies by 40.9% during the first quarter. GAMMA Investing LLC now owns 7,212 shares of the company’s stock valued at $71,000 after acquiring an additional 2,095 shares in the last quarter. Magnetar Financial LLC bought a new stake in Arlo Technologies in the 1st quarter valued at $117,000. Fox Run Management L.L.C. purchased a new stake in Arlo Technologies in the 1st quarter worth $119,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Arlo Technologies during the 1st quarter valued at about $123,000. 83.18% of the stock is currently owned by institutional investors.

Insider Transactions at Arlo Technologies

In related news, General Counsel Brian Busse sold 9,171 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $16.99, for a total value of $155,815.29. Following the transaction, the general counsel owned 669,376 shares of the company’s stock, valued at $11,372,698.24. This trade represents a 1.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kurtis Joseph Binder sold 135,494 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 467,681 shares of the company’s stock, valued at approximately $7,899,132.09. This trade represents a 22.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,313,009 shares of company stock worth $22,809,236. 3.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

ARLO has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Arlo Technologies in a report on Saturday, September 27th. Craig Hallum lifted their price objective on Arlo Technologies from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Zacks Research upgraded Arlo Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. BWS Financial restated a “buy” rating and issued a $26.00 price target (up previously from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. Finally, Wall Street Zen downgraded shares of Arlo Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Arlo Technologies Stock Up 1.1%

NYSE ARLO opened at $17.28 on Monday. Arlo Technologies, Inc. has a 52 week low of $7.84 and a 52 week high of $19.25. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -246.75 and a beta of 1.72. The company has a fifty day moving average of $17.20 and a two-hundred day moving average of $14.66.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $129.41 million during the quarter, compared to analysts’ expectations of $123.33 million. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 EPS. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. Equities research analysts anticipate that Arlo Technologies, Inc. will post -0.29 EPS for the current 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.