Sanctuary Advisors LLC Takes $719,000 Position in Arlo Technologies, Inc. $ARLO

Sanctuary Advisors LLC bought a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 53,333 shares of the company’s stock, valued at approximately $719,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP grew its stake in Arlo Technologies by 42.0% in the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock valued at $45,000 after acquiring an additional 783 shares during the period. Oregon Public Employees Retirement Fund raised its position in Arlo Technologies by 3.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,268 shares of the company’s stock worth $340,000 after acquiring an additional 800 shares during the period. Farther Finance Advisors LLC lifted its holdings in Arlo Technologies by 12.5% during the fourth quarter. Farther Finance Advisors LLC now owns 7,631 shares of the company’s stock valued at $107,000 after purchasing an additional 849 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in Arlo Technologies by 2.2% during the second quarter. SkyView Investment Advisors LLC now owns 57,297 shares of the company’s stock valued at $982,000 after purchasing an additional 1,226 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Arlo Technologies by 1.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 115,861 shares of the company’s stock valued at $1,965,000 after purchasing an additional 1,399 shares during the period. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Arlo Technologies Stock Down 1.5%

Shares of ARLO opened at $12.88 on Friday. Arlo Technologies, Inc. has a 52-week low of $11.05 and a 52-week high of $19.94. The firm’s fifty day moving average is $13.58 and its two-hundred day moving average is $13.53. The stock has a market cap of $1.40 billion, a PE ratio of 47.71 and a beta of 1.56.

Arlo Technologies (NYSE:ARLO) last issued its 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 business had revenue of $155.94 million during the quarter, compared to analysts’ expectations of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the business earned $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. As a group, research analysts anticipate that Arlo Technologies, Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Oppenheimer initiated coverage on shares of Arlo Technologies in a research note on Monday, May 18th. They set an “outperform” rating and a $20.00 target price for the company. Wall Street Zen raised shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd. Weiss Ratings cut Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Piper Sandler boosted their price objective on Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, UBS Group set a $20.00 target price on Arlo Technologies in a report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.60.

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 27,297 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total value of $423,649.44. Following the completion of the sale, the chief financial officer owned 442,110 shares in the company, valued at approximately $6,861,547.20. This represents a 5.82% decrease in their position. The transaction was disclosed in a legal filing 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. Over the last three months, insiders have sold 57,775 shares of company stock worth $845,139. 2.90% of the stock is currently owned by corporate insiders.

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.