Deutsche Bank AG bought a new position in Arlo Technologies, Inc. (NYSE:ARLO – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 121,179 shares of the company’s stock, valued at approximately $1,633,000.
Several other institutional investors and hedge funds have also made changes to their positions in ARLO. Rice Hall James & Associates LLC purchased a new stake in shares of Arlo Technologies during the second quarter valued at $50,320,000. Bank of New York Mellon Corp purchased a new position in Arlo Technologies in the 2nd quarter worth about $8,768,000. State of Wyoming bought a new stake in Arlo Technologies during the 2nd quarter valued at about $1,366,000. Wasatch Advisors LP boosted its position in Arlo Technologies by 9.0% in the 2nd quarter. Wasatch Advisors LP now owns 5,915,935 shares of the company’s stock valued at $79,747,000 after buying an additional 489,668 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its position in Arlo Technologies by 13.6% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 84,615 shares of the company’s stock valued at $1,141,000 after buying an additional 10,128 shares during the period. 83.18% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
ARLO has been the topic of a number of research reports. Oppenheimer assumed coverage on shares of Arlo Technologies in a research report on Monday, May 18th. They set an “outperform” rating and a $20.00 target price on the stock. Wall Street Zen raised Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd. UBS Group set a $20.00 price objective on Arlo Technologies in a report on Monday, May 18th. Raymond James Financial reaffirmed an “outperform” rating and set a $19.00 target price on shares of Arlo Technologies in a research report on Friday, May 8th. Finally, Piper Sandler upped their target price on Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.60.
Arlo Technologies Stock Performance
Shares of ARLO opened at $12.88 on Friday. The company has a 50 day moving average price of $13.58 and a 200-day moving average price of $13.53. Arlo Technologies, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $19.94. The stock has a market capitalization of $1.40 billion, a PE ratio of 47.71 and a beta of 1.56.
Arlo Technologies (NYSE:ARLO – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.08. The company had revenue of $155.94 million for the quarter, compared to analyst estimates of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. Arlo Technologies’s revenue was up 20.5% compared to the same quarter last year. During the same period last year, the company posted $0.17 earnings per share. 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. Equities research analysts forecast that Arlo Technologies, Inc. will post 0.12 EPS for the current year.
Insider Activity
In other news, CFO Kurtis Joseph Binder sold 27,297 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total value of $423,649.44. Following the completion of the transaction, the chief financial officer directly owned 442,110 shares of the company’s stock, valued at approximately $6,861,547.20. The trade was a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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. Company insiders own 2.90% of the company’s stock.
Arlo Technologies 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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