Bank of New York Mellon Corp Sells 6,971 Shares of Arlo Technologies, Inc. $ARLO

Bank of New York Mellon Corp lowered its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 713,647 shares of the company’s stock after selling 6,971 shares during the quarter. Bank of New York Mellon Corp owned about 0.69% of Arlo Technologies worth $12,103,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Arlo Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 9,953,767 shares of the company’s stock worth $98,244,000 after buying an additional 132,350 shares in the last quarter. Emerald Advisers LLC lifted its holdings in shares of Arlo Technologies by 4.2% during the 2nd quarter. Emerald Advisers LLC now owns 1,749,984 shares of the company’s stock worth $29,680,000 after acquiring an additional 70,195 shares during the period. Goldman Sachs Group Inc. boosted its position 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 acquiring an additional 830,770 shares in the last quarter. Driehaus Capital Management LLC increased its stake in Arlo Technologies by 23.5% in the first quarter. Driehaus Capital Management LLC now owns 1,403,502 shares of the company’s stock valued at $13,853,000 after acquiring an additional 267,514 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Arlo Technologies by 11.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,107,552 shares of the company’s stock valued at $10,932,000 after acquiring an additional 116,299 shares during the last quarter. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Trading Down 0.7%

Arlo Technologies stock opened at $13.44 on Wednesday. The stock has a 50-day moving average price of $17.30 and a two-hundred day moving average price of $16.43. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $19.94. The company has a market capitalization of $1.42 billion, a PE ratio of 447.98 and a beta of 1.69.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $139.53 million for the quarter, compared to analyst estimates of $138.69 million. Arlo Technologies had a net margin of 0.84% and a return on equity of 2.00%. Arlo Technologies’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 earnings per share. Arlo Technologies has set its Q4 2025 guidance at 0.130-0.190 EPS. As a group, analysts predict that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Kurtis Joseph Binder sold 135,494 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $16.89, for a total value of $2,288,493.66. Following the transaction, the chief financial officer owned 467,681 shares in the company, valued at approximately $7,899,132.09. The trade was a 22.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Brian Busse sold 149,521 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $14.37, for a total transaction of $2,148,616.77. Following the completion of the sale, the general counsel directly owned 519,855 shares in the company, valued at approximately $7,470,316.35. This represents a 22.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 541,369 shares of company stock worth $8,855,742. 3.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ARLO shares. BWS Financial reaffirmed a “buy” rating and issued a $26.00 target price on shares of Arlo Technologies in a report on Tuesday, November 11th. Wall Street Zen raised Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Craig Hallum boosted their target price on Arlo Technologies from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Zacks Research raised shares of Arlo Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $22.00 price target (up from $15.00) on shares of Arlo Technologies in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $23.00.

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.