Boothbay Fund Management LLC raised its holdings in Arlo Technologies, Inc. (NYSE:ARLO – Free Report) by 450.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 139,988 shares of the company’s stock after acquiring an additional 114,543 shares during the period. Boothbay Fund Management LLC owned 0.13% of Arlo Technologies worth $2,373,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in ARLO. Smartleaf Asset Management LLC boosted its stake in Arlo Technologies by 86.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock worth $28,000 after buying an additional 747 shares during the last quarter. Strs Ohio acquired a new position in shares of Arlo Technologies during the 1st quarter valued at about $66,000. Quadrant Capital Group LLC acquired a new position in shares of Arlo Technologies during the 3rd quarter valued at about $86,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Arlo Technologies by 1,682.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock worth $95,000 after acquiring an additional 5,301 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Arlo Technologies by 75,255.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,782 shares of the company’s stock worth $115,000 after acquiring an additional 6,773 shares during the period. Hedge funds and other institutional investors own 83.18% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on ARLO. Weiss Ratings upgraded shares of Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, March 6th. Zacks Research downgraded shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.33.
Insiders Place Their Bets
In other news, CFO Kurtis Joseph Binder sold 179,419 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $13.78, for a total value of $2,472,393.82. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Brian Busse sold 31,407 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $12.29, for a total value of $385,992.03. Following the sale, the general counsel owned 552,850 shares in the company, valued at approximately $6,794,526.50. The trade was a 5.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 842,522 shares of company stock worth $11,321,821 over the last quarter. 3.80% of the stock is owned by corporate insiders.
Arlo Technologies Stock Performance
ARLO opened at $13.88 on Tuesday. Arlo Technologies, Inc. has a 1 year low of $7.84 and a 1 year high of $19.94. The firm has a 50 day moving average price of $13.13 and a 200 day moving average price of $15.07. The company has a market cap of $1.48 billion, a PE ratio of 106.81 and a beta of 1.64.
Arlo Technologies (NYSE:ARLO – Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, beating 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 firm had revenue of $141.30 million for the quarter, compared to analysts’ expectations of $135.57 million. During the same period in the previous year, the company posted $0.10 earnings per share. Arlo Technologies’s 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. On average, sell-side analysts predict that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.
Arlo Technologies announced that its Board of Directors has initiated a stock buyback plan on Wednesday, March 4th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
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.
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