Arlo Technologies, Inc. $ARLO Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 73.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 119,543 shares of the company’s stock after purchasing an additional 50,631 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.11% of Arlo Technologies worth $1,672,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in shares of Arlo Technologies by 28.8% in the 1st quarter. AQR Capital Management LLC now owns 406,688 shares of the company’s stock valued at $4,014,000 after purchasing an additional 90,970 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Arlo Technologies by 15.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 171,986 shares of the company’s stock worth $1,698,000 after buying an additional 23,068 shares in the last quarter. Millennium Management LLC grew its position in Arlo Technologies by 116.1% during the first quarter. Millennium Management LLC now owns 455,692 shares of the company’s stock worth $4,498,000 after buying an additional 244,783 shares during the period. Goldman Sachs Group Inc. grew its position in Arlo Technologies by 115.1% during the first 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 period. Finally, Jane Street Group LLC increased its holdings in Arlo Technologies by 279.8% in the first quarter. Jane Street Group LLC now owns 292,302 shares of the company’s stock valued at $2,885,000 after buying an additional 215,343 shares in the last quarter. 83.18% of the stock is owned by institutional investors and hedge funds.

Arlo Technologies Trading Down 0.1%

Shares of NYSE ARLO opened at $14.02 on Friday. The company’s 50-day moving average price is $13.28 and its 200 day moving average price is $14.75. Arlo Technologies, Inc. has a 52 week low of $7.84 and a 52 week high of $19.94. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 107.82 and a beta of 1.71.

Arlo Technologies (NYSE:ARLO) last announced its earnings results on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. Arlo Technologies had a net margin of 2.82% and a return on equity of 10.76%. The company had revenue of $141.30 million during the quarter, compared to analysts’ expectations of $135.57 million. During the same quarter in the previous year, the business posted $0.10 earnings per share. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. As a group, research analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

Arlo Technologies announced that its board has approved a share repurchase plan on Wednesday, March 4th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

ARLO has been the subject of a number of research reports. Weiss Ratings upgraded shares of Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, March 6th. Zacks Research cut Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.33.

Insider Buying and Selling

In related news, CEO Matthew Blake Mcrae sold 153,433 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $13.78, for a total value of $2,114,306.74. Following the sale, the chief executive officer owned 1,168,866 shares of the company’s stock, valued at approximately $16,106,973.48. This represents a 11.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kurtis Joseph Binder sold 179,419 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $13.78, for a total value of $2,472,393.82. Following the sale, the chief financial officer owned 614,885 shares in the company, valued at approximately $8,473,115.30. This trade represents a 22.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 842,522 shares of company stock worth $11,321,821 in the last ninety days. Insiders own 5.20% of the company’s stock.

Arlo Technologies Profile

Arlo Technologies, Inc (NYSE: ARLO) is a provider of smart home security products and services designed for residential and small business customers. The company offers a portfolio of wireless and Wi-Fi-enabled security cameras, video doorbells, smart lighting solutions, and associated accessories. Arlo integrates advanced video analytics, motion detection, cloud storage, and two-way audio capabilities to deliver end-to-end security and monitoring solutions accessible through mobile applications and web interfaces.

Founded as a division of Netgear, Inc in 2014 and spun off as an independent public company in 2018, Arlo Technologies has established a presence in North America, Europe, Australia and parts of Asia.