Nuveen LLC Acquires Shares of 638,058 Arlo Technologies, Inc. $ARLO

Nuveen LLC bought a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 638,058 shares of the company’s stock, valued at approximately $6,298,000. Nuveen LLC owned about 0.62% of Arlo Technologies as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hsbc Holdings PLC grew its stake in shares of Arlo Technologies by 9.7% during the fourth quarter. Hsbc Holdings PLC now owns 12,470 shares of the company’s stock worth $140,000 after buying an additional 1,103 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Arlo Technologies by 3.3% during the first quarter. OneDigital Investment Advisors LLC now owns 36,262 shares of the company’s stock worth $358,000 after buying an additional 1,154 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Arlo Technologies by 1.3% during the fourth quarter. California State Teachers Retirement System now owns 93,320 shares of the company’s stock worth $1,044,000 after buying an additional 1,232 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Arlo Technologies by 40.9% during the first quarter. GAMMA Investing LLC now owns 7,212 shares of the company’s stock worth $71,000 after buying an additional 2,095 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of Arlo Technologies by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 58,223 shares of the company’s stock worth $652,000 after buying an additional 3,221 shares during the last quarter. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Stock Down 3.0%

ARLO stock opened at $17.02 on Tuesday. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -243.11 and a beta of 1.85. Arlo Technologies, Inc. has a 12-month low of $7.84 and a 12-month high of $19.25. The company’s fifty day simple moving average is $16.68 and its 200 day simple moving average is $13.42.

Arlo Technologies (NYSE:ARLO) last released its earnings results on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $129.41 million for the quarter, compared to analyst estimates of $123.33 million. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. Arlo Technologies’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. Research analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

Insider Activity

In other news, CEO Matthew Blake Mcrae sold 520,557 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $17.40, for a total transaction of $9,057,691.80. Following the transaction, the chief executive officer owned 1,621,835 shares in the company, valued at approximately $28,219,929. This represents a 24.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kurtis Joseph Binder sold 113,912 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $18.56, for a total transaction of $2,114,206.72. Following the transaction, the chief financial officer owned 809,615 shares in the company, valued at $15,026,454.40. This represents a 12.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,306,967 shares of company stock worth $39,664,516 in the last quarter. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ARLO shares. BWS Financial reaffirmed a “buy” rating and set a $26.00 target price (up previously from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. Raymond James Financial reissued an “outperform” rating and issued a $22.00 price objective (up previously from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. Finally, Craig Hallum boosted their price objective on shares of Arlo Technologies from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Arlo Technologies has a consensus rating of “Buy” and a consensus target price of $23.00.

Arlo Technologies Company Profile

Arlo Technologies, Inc, together with its subsidiaries, provides a cloud-based platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers Arlo Essential Cameras and Doorbells (2nd Generation) delivers smart home protection, including automated privacy shield, 180-degree field of view, and 2K video resolution; Arlo Home Security System, an all-in-one multi-sensor that provides access to security experts for monitoring and responding to emergency situations; Arlo Pro 5S, a wireless 2K video resolution security camera; Arlo Go 2, a camera for monitoring remote areas, large properties, construction sites, vacation homes, boat or RV slips, and hard-to-access areas; Arlo Ultra 2 provides 4K video with HDR, an ultra-wide, 180-degree field of view, auto zoom and tracking on moving objects, and color night vision; and Arlo Floodlight Camera, a wire-free floodlight camera.