Wall Street Zen Upgrades Arlo Technologies (NYSE:ARLO) to “Strong-Buy”

Arlo Technologies (NYSE:ARLO) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

A number of other analysts have also recently weighed in on the stock. 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. BWS Financial restated 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. Zacks Research upgraded Arlo Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. Finally, Raymond James Financial restated an “outperform” rating and set a $22.00 target price (up previously from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $23.00.

Arlo Technologies Trading Down 0.5%

Shares of Arlo Technologies stock opened at $18.16 on Friday. The firm has a fifty day simple moving average of $16.81 and a 200-day simple moving average of $13.80. Arlo Technologies has a 1-year low of $7.84 and a 1-year high of $19.25. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -259.32 and a beta of 1.75.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Arlo Technologies had a negative net margin of 1.38% and a negative return on equity of 6.69%. 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 company earned $0.10 earnings per share. Arlo Technologies’s revenue for the quarter was up 1.6% on a year-over-year basis. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. As a group, research analysts predict that Arlo Technologies will post -0.29 earnings per share for the current year.

Insider Buying and Selling

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 520,557 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $17.40, for a total value of $9,057,691.80. Following the completion of the sale, the chief executive officer owned 1,621,835 shares in the company, valued at approximately $28,219,929. This trade represents a 24.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kurtis Joseph Binder sold 113,912 shares of the firm’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 position. The disclosure for this sale can be found here. Insiders sold a total of 2,306,967 shares of company stock valued at $39,664,516 in the last quarter. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of Arlo Technologies

A number of hedge funds have recently modified their holdings of ARLO. First Trust Advisors LP bought a new stake in shares of Arlo Technologies in the 4th quarter worth approximately $620,000. Dimensional Fund Advisors LP lifted its position in shares of Arlo Technologies by 44.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 82,765 shares of the company’s stock worth $926,000 after buying an additional 25,627 shares during the period. Hsbc Holdings PLC lifted its position in shares of Arlo Technologies by 9.7% during the 4th 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 period. Price T Rowe Associates Inc. MD lifted its position in shares of Arlo Technologies by 9.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 81,807 shares of the company’s stock worth $916,000 after buying an additional 7,319 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Arlo Technologies by 11.7% during the 4th quarter. Northern Trust Corp now owns 1,711,116 shares of the company’s stock worth $19,147,000 after buying an additional 179,288 shares during the period. Institutional investors own 83.18% of the company’s stock.

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.