State of Wyoming Takes Position in Arlo Technologies, Inc. $ARLO

State of Wyoming purchased a new position in Arlo Technologies, Inc. (NYSE:ARLO) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 101,346 shares of the company’s stock, valued at approximately $1,366,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wasatch Advisors LP increased its holdings in Arlo Technologies by 9.0% during the second quarter. Wasatch Advisors LP now owns 5,915,935 shares of the company’s stock valued at $79,747,000 after buying an additional 489,668 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in Arlo Technologies by 13.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 84,615 shares of the company’s stock valued at $1,141,000 after acquiring an additional 10,128 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Arlo Technologies by 27.8% in the 1st quarter. Bank of America Corp DE now owns 256,060 shares of the company’s stock valued at $3,644,000 after acquiring an additional 55,689 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Arlo Technologies by 74.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,615,569 shares of the company’s stock valued at $22,990,000 after acquiring an additional 687,129 shares during the period. Finally, Smith Group Asset Management LLC raised its position in shares of Arlo Technologies by 9.0% in the 1st quarter. Smith Group Asset Management LLC now owns 53,529 shares of the company’s stock worth $762,000 after acquiring an additional 4,435 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors.

Insider Activity at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 27,297 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total transaction of $423,649.44. Following the sale, the chief financial officer directly owned 442,110 shares of the company’s stock, valued at $6,861,547.20. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,775 shares of company stock worth $845,139 in the last three months. Insiders own 2.90% of the company’s stock.

Arlo Technologies Stock Down 0.0%

ARLO stock opened at $14.35 on Friday. The firm has a 50 day moving average of $13.51 and a 200 day moving average of $13.49. The stock has a market capitalization of $1.56 billion, a PE ratio of 53.13 and a beta of 1.56. Arlo Technologies, Inc. has a 52 week low of $11.05 and a 52 week high of $19.94.

Arlo Technologies (NYSE:ARLO) last released its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.08. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The company had revenue of $155.94 million for the quarter, compared to the consensus estimate of $148.94 million. During the same quarter in the previous year, the firm earned $0.17 EPS. Arlo Technologies’s revenue was up 20.5% compared to the same quarter last year. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. On average, equities research analysts expect that Arlo Technologies, Inc. will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. William Blair started coverage on Arlo Technologies in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock. Oppenheimer assumed coverage on shares of Arlo Technologies in a report on Monday, May 18th. They issued an “outperform” rating and a $20.00 target price for the company. Piper Sandler increased their price target on shares of Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Raymond James Financial restated an “outperform” rating and issued a $19.00 price target on shares of Arlo Technologies in a report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Arlo Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.60.

About Arlo Technologies

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.