Needham Investment Management LLC Purchases 232,500 Shares of Arlo Technologies, Inc. $ARLO

Needham Investment Management LLC increased its position in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 17.8% during the fourth quarter, HoldingsChannel reports. The fund owned 1,540,000 shares of the company’s stock after buying an additional 232,500 shares during the quarter. Arlo Technologies comprises about 1.4% of Needham Investment Management LLC’s portfolio, making the stock its 22nd largest holding. Needham Investment Management LLC’s holdings in Arlo Technologies were worth $21,545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in Arlo Technologies by 86.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock worth $28,000 after acquiring an additional 747 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Arlo Technologies by 763.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock worth $28,000 after buying an additional 1,748 shares during the period. Quarry LP lifted its holdings in Arlo Technologies by 42.0% during the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after buying an additional 783 shares during the period. Quadrant Capital Group LLC acquired a new position in Arlo Technologies during the 3rd quarter worth about $86,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Arlo Technologies by 1,682.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock worth $95,000 after buying an additional 5,301 shares during the period. Institutional investors own 83.18% of the company’s stock.

Insider Buying and Selling at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 65,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $15.70, for a total value of $1,020,500.00. Following the completion of the transaction, the chief financial officer directly owned 499,885 shares of the company’s stock, valued at $7,848,194.50. This represents a 11.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 115,000 shares of company stock valued at $1,750,000 in the last 90 days. 2.90% of the stock is owned by company insiders.

Analyst Ratings Changes

ARLO has been the topic of several recent research reports. Weiss Ratings raised Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. UBS Group set a $20.00 target price 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 report on Friday, May 8th. Finally, Oppenheimer began coverage on Arlo Technologies in a research note on Monday, May 18th. They issued an “outperform” rating and a $20.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Arlo Technologies currently has an average rating of “Moderate Buy” and an average price target of $21.40.

Arlo Technologies Price Performance

Shares of NYSE:ARLO opened at $13.22 on Tuesday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 48.95 and a beta of 1.55. The business’s 50-day moving average is $13.62 and its 200-day moving average is $13.60. Arlo Technologies, Inc. has a 1 year low of $11.05 and a 1 year high of $19.94.

Arlo Technologies (NYSE:ARLO) last issued its earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Arlo Technologies had a return on equity of 18.66% and a net margin of 5.47%.The business had revenue of $150.38 million during the quarter, compared to analyst estimates of $139.73 million. During the same period in the previous year, the company posted $0.15 EPS. The firm’s revenue was up 26.3% compared to the same quarter last year. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. Analysts anticipate that Arlo Technologies, Inc. will post 0.2 EPS for the current year.

Arlo Technologies declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 4th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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.