Dimensional Fund Advisors LP Acquires Shares of 59,455 Arlo Technologies, Inc. $ARLO

Dimensional Fund Advisors LP bought a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 59,455 shares of the company’s stock, valued at approximately $846,000.

A number of other hedge funds have also recently added to or reduced their stakes in ARLO. Hantz Financial Services Inc. increased its position in Arlo Technologies by 763.3% during the fourth 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 boosted its stake 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 purchasing an additional 783 shares during the period. Strs Ohio purchased a new position in Arlo Technologies during the 1st quarter worth $66,000. Quadrant Capital Group LLC acquired a new position in Arlo Technologies in the third quarter valued at $86,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Arlo Technologies by 1,682.9% in the second quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock valued at $95,000 after buying an additional 5,301 shares during the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ARLO shares. Weiss Ratings cut Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. UBS Group set a $20.00 target price on Arlo Technologies in a report on Monday, May 18th. Oppenheimer started 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 started coverage on shares of Arlo Technologies in a research note on Tuesday, July 7th. They issued an “outperform” rating on the stock. Finally, Piper Sandler upped their price objective on shares of Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.60.

Arlo Technologies Trading Down 0.0%

NYSE ARLO opened at $14.35 on Friday. The business’s 50-day moving average price is $13.51 and its 200 day moving average price is $13.49. Arlo Technologies, Inc. has a twelve month low of $11.05 and a twelve month high of $19.94. The company has a market capitalization of $1.56 billion, a PE ratio of 53.13 and a beta of 1.56.

Arlo Technologies (NYSE:ARLO) last released its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.08. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The business had revenue of $155.94 million for the quarter, compared to analysts’ expectations of $148.94 million. During the same period last year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis. 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 analysts predict that Arlo Technologies, Inc. will post 0.2 EPS for the current year.

Insider Buying and Selling at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 27,297 shares of Arlo Technologies 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 transaction, the chief financial officer owned 442,110 shares in the company, valued at approximately $6,861,547.20. This trade represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 57,775 shares of company stock valued at $845,139. Company insiders own 2.90% of the company’s stock.

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.