Corebridge Financial Inc. Cuts Stock Holdings in Arlo Technologies, Inc. $ARLO

Corebridge Financial Inc. reduced its position in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,136 shares of the company’s stock after selling 1,008 shares during the period. Corebridge Financial Inc.’s holdings in Arlo Technologies were worth $505,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ARLO. Hsbc Holdings PLC grew its position in Arlo Technologies by 137.9% during the first quarter. Hsbc Holdings PLC now owns 29,667 shares of the company’s stock worth $290,000 after buying an additional 17,197 shares during the period. Versor Investments LP acquired a new position in Arlo Technologies during the first quarter worth about $131,000. Algert Global LLC grew its position in shares of Arlo Technologies by 17.9% in the first quarter. Algert Global LLC now owns 245,516 shares of the company’s stock valued at $2,423,000 after purchasing an additional 37,190 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Arlo Technologies in the first quarter valued at approximately $119,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Arlo Technologies in the first quarter valued at approximately $396,000. 83.18% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Matthew Blake Mcrae sold 520,557 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer owned 1,621,835 shares of the company’s stock, 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 SEC, which is available at this link. Also, CFO Kurtis Joseph Binder sold 113,912 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief financial officer directly owned 809,615 shares in the company, valued at approximately $15,026,454.40. This represents a 12.33% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,306,967 shares of company stock worth $39,664,516. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Zacks Research upgraded shares of Arlo Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. Raymond James Financial reiterated an “outperform” rating and issued a $22.00 price target (up from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. Craig Hallum increased their price target on shares of Arlo Technologies from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, August 8th. BWS Financial reiterated a “buy” rating and issued a $26.00 price target (up from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, Arlo Technologies currently has a consensus rating of “Buy” and an average price target of $23.00.

Arlo Technologies Stock Down 0.5%

Shares of ARLO opened at $18.16 on Monday. The firm has a market cap of $1.89 billion, a PE ratio of -259.32 and a beta of 1.75. The company’s fifty day moving average is $16.81 and its two-hundred day moving average is $13.82. Arlo Technologies, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $19.25.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.17 earnings per share for the quarter, beating 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 company had revenue of $129.41 million for the quarter, compared to analyst estimates of $123.33 million. During the same quarter last year, the business earned $0.10 EPS. 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, equities research analysts anticipate that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

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.