Russell Investments Group Ltd. Buys Shares of 40,099 Arlo Technologies, Inc. $ARLO

Russell Investments Group Ltd. bought a new stake in Arlo Technologies, Inc. (NYSE:ARLO) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,099 shares of the company’s stock, valued at approximately $396,000.

Several other hedge funds have also recently made changes to their positions in the company. Public Sector Pension Investment Board raised its stake in shares of Arlo Technologies by 27.1% in the first quarter. Public Sector Pension Investment Board now owns 318,184 shares of the company’s stock valued at $3,140,000 after buying an additional 67,914 shares during the period. Nuveen LLC bought a new stake in shares of Arlo Technologies during the 1st quarter valued at $6,298,000. Invesco Ltd. raised its stake in shares of Arlo Technologies by 1.7% during the 1st quarter. Invesco Ltd. now owns 357,450 shares of the company’s stock valued at $3,528,000 after purchasing an additional 5,895 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Arlo Technologies by 11.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,552 shares of the company’s stock valued at $10,932,000 after purchasing an additional 116,299 shares during the period. Finally, Hosking Partners LLP bought a new stake in shares of Arlo Technologies during the 1st quarter valued at $6,118,000. 83.18% of the stock is currently owned by institutional investors.

Insider Activity at Arlo Technologies

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

Analysts Set New Price Targets

A number of research firms recently issued reports on ARLO. Craig Hallum boosted their price objective on Arlo Technologies from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Raymond James Financial reiterated an “outperform” rating and set a $22.00 price objective (up from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. Zacks Research upgraded Arlo Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. Finally, BWS Financial reiterated a “buy” rating and set a $26.00 price objective (up from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, Arlo Technologies presently has an average rating of “Buy” and a consensus price target of $23.00.

Arlo Technologies Stock Down 2.4%

Arlo Technologies stock opened at $17.42 on Monday. Arlo Technologies, Inc. has a 52 week low of $7.84 and a 52 week high of $19.25. The business has a 50-day simple moving average of $16.71 and a 200 day simple moving average of $13.59. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -248.76 and a beta of 1.75.

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

About Arlo Technologies

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.