Rhumbline Advisers Acquires 861 Shares of Arlo Technologies, Inc. $ARLO

Rhumbline Advisers grew its position in Arlo Technologies, Inc. (NYSE:ARLO) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 270,199 shares of the company’s stock after acquiring an additional 861 shares during the period. Rhumbline Advisers owned about 0.26% of Arlo Technologies worth $2,667,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Arlo Technologies by 115.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company’s stock worth $15,325,000 after buying an additional 830,770 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Arlo Technologies during the 1st quarter worth about $6,298,000. Hosking Partners LLP acquired a new stake in shares of Arlo Technologies during the 1st quarter worth about $6,118,000. S Squared Technology LLC acquired a new stake in shares of Arlo Technologies during the 1st quarter worth about $4,590,000. Finally, Westwood Holdings Group Inc. lifted its stake in shares of Arlo Technologies by 38.4% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,474,778 shares of the company’s stock worth $16,503,000 after buying an additional 409,489 shares during the last quarter. Institutional investors own 83.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. 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. 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. Wall Street Zen cut shares of Arlo Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Research upgraded shares of Arlo Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. Finally, Craig Hallum lifted 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. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $23.00.

Arlo Technologies Trading Up 1.9%

Shares of NYSE:ARLO opened at $18.01 on Wednesday. The firm has a 50 day moving average of $16.88 and a 200-day moving average of $14.07. The stock has a market capitalization of $1.88 billion, a PE ratio of -257.25 and a beta of 1.75. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $19.25.

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

Insider Activity at Arlo Technologies

In related news, CEO Matthew Blake Mcrae sold 520,557 shares of Arlo Technologies stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 1,621,835 shares of the company’s stock, valued at approximately $28,219,929. The trade was a 24.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kurtis Joseph Binder sold 113,912 shares of Arlo Technologies stock in a transaction that occurred 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 sale, the chief financial officer directly owned 809,615 shares in the company, valued at $15,026,454.40. This trade represents a 12.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,306,967 shares of company stock worth $39,664,516 over the last ninety days. 3.80% of the stock is currently owned by insiders.

Arlo Technologies 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.