D.A. Davidson & CO. Sells 13,856 Shares of Arlo Technologies, Inc. $ARLO

D.A. Davidson & CO. trimmed its position in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 15.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,991 shares of the company’s stock after selling 13,856 shares during the period. D.A. Davidson & CO. owned approximately 0.07% of Arlo Technologies worth $1,306,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers boosted its holdings in Arlo Technologies by 0.3% during the first quarter. Rhumbline Advisers now owns 270,199 shares of the company’s stock valued at $2,667,000 after acquiring an additional 861 shares during the period. Yousif Capital Management LLC lifted its stake in shares of Arlo Technologies by 2.5% in the second quarter. Yousif Capital Management LLC now owns 38,479 shares of the company’s stock valued at $653,000 after buying an additional 954 shares during the period. Maryland State Retirement & Pension System lifted its stake in shares of Arlo Technologies by 3.8% in the second quarter. Maryland State Retirement & Pension System now owns 30,388 shares of the company’s stock valued at $515,000 after buying an additional 1,121 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of Arlo Technologies by 3.3% in the first quarter. OneDigital Investment Advisors LLC now owns 36,262 shares of the company’s stock valued at $358,000 after buying an additional 1,154 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Arlo Technologies by 40.9% in the first quarter. GAMMA Investing LLC now owns 7,212 shares of the company’s stock valued at $71,000 after buying an additional 2,095 shares during the period. 83.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Raymond James Financial reiterated an “outperform” rating and issued 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 upgraded shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Craig Hallum increased their target price on shares of Arlo Technologies from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Zacks Research cut shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Arlo Technologies in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $23.00.

Arlo Technologies Stock Down 1.2%

NYSE:ARLO opened at $19.20 on Tuesday. Arlo Technologies, Inc. has a 12-month low of $7.84 and a 12-month high of $19.91. The firm has a market capitalization of $2.00 billion, a PE ratio of -274.23 and a beta of 1.72. The firm has a 50-day moving average price of $17.60 and a 200 day moving average price of $15.58.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $129.41 million during 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%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. On average, research analysts expect that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

Insider Transactions at Arlo Technologies

In other news, CEO Matthew Blake Mcrae sold 95,430 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $16.99, for a total transaction of $1,621,355.70. Following the completion of the sale, the chief executive officer owned 1,747,591 shares of the company’s stock, valued at approximately $29,691,571.09. This trade represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Brian Busse sold 9,171 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $16.99, for a total transaction of $155,815.29. Following the sale, the general counsel directly owned 669,376 shares of the company’s stock, valued at approximately $11,372,698.24. The trade was a 1.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,339,297 shares of company stock valued at $23,309,667. Corporate insiders own 3.80% of the company’s stock.

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.