Globeflex Capital L P Takes Position in Arlo Technologies, Inc. $ARLO

Globeflex Capital L P acquired a new position in Arlo Technologies, Inc. (NYSE:ARLO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 128,094 shares of the company’s stock, valued at approximately $1,727,000. Globeflex Capital L P owned 0.12% of Arlo Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP grew its stake in shares of Arlo Technologies by 557.1% in the fourth quarter. GSA Capital Partners LLP now owns 141,372 shares of the company’s stock worth $1,978,000 after acquiring an additional 119,857 shares during the last quarter. Clearbridge Investments LLC acquired a new position in Arlo Technologies during the 4th quarter valued at $6,794,000. UBS Group AG raised its stake in Arlo Technologies by 49.9% during the 4th quarter. UBS Group AG now owns 580,829 shares of the company’s stock valued at $8,126,000 after purchasing an additional 193,379 shares during the last quarter. Wasatch Advisors LP boosted its holdings in Arlo Technologies by 1.9% in the 1st quarter. Wasatch Advisors LP now owns 5,426,267 shares of the company’s stock valued at $77,216,000 after purchasing an additional 103,782 shares during the period. Finally, Rice Hall James & Associates LLC grew its position in Arlo Technologies by 2.3% in the 1st quarter. Rice Hall James & Associates LLC now owns 3,659,888 shares of the company’s stock worth $52,080,000 after purchasing an additional 83,276 shares during the last quarter. Institutional investors own 83.18% of the company’s stock.

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 27,297 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total transaction of $423,649.44. Following the completion of the transaction, the chief financial officer directly owned 442,110 shares in the company, valued at $6,861,547.20. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 57,775 shares of company stock worth $845,139 in the last three months. Corporate insiders own 2.90% of the company’s stock.

Arlo Technologies Trading Down 0.0%

NYSE ARLO opened at $13.10 on Tuesday. The stock’s 50 day moving average is $13.58 and its two-hundred day moving average is $13.51. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 48.52 and a beta of 1.56. 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, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping 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 return on equity of 17.29% and a net margin of 5.20%.Arlo Technologies’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. 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. On average, analysts predict that Arlo Technologies, Inc. will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

ARLO has been the subject of a number of research analyst reports. UBS Group set a $20.00 price objective on shares of Arlo Technologies in a research report on Monday, May 18th. Wall Street Zen upgraded Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings lowered Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. William Blair started coverage on Arlo Technologies in a research note on Tuesday, July 7th. They issued an “outperform” rating for the company. Finally, Piper Sandler raised their target price on Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Five equities 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, Arlo Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.60.

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.