Arlo Technologies, Inc. $ARLO Holdings Raised by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lifted its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 88.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,566 shares of the company’s stock after purchasing an additional 42,602 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Arlo Technologies were worth $1,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Arlo Technologies by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 10,691,336 shares of the company’s stock valued at $149,572,000 after purchasing an additional 32,770 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of Arlo Technologies by 17.7% during the third quarter. Wasatch Advisors LP now owns 5,505,467 shares of the company’s stock valued at $93,318,000 after purchasing an additional 826,587 shares in the last quarter. State Street Corp raised its stake in shares of Arlo Technologies by 5.3% during the second quarter. State Street Corp now owns 4,272,925 shares of the company’s stock valued at $72,469,000 after purchasing an additional 215,867 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Arlo Technologies by 69.1% during the third quarter. Marshall Wace LLP now owns 2,554,457 shares of the company’s stock valued at $43,298,000 after purchasing an additional 1,043,854 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Arlo Technologies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,391,732 shares of the company’s stock valued at $33,467,000 after purchasing an additional 28,861 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors.

Arlo Technologies Trading Down 3.0%

Shares of Arlo Technologies stock opened at $13.35 on Wednesday. The company’s 50-day moving average price is $13.89 and its two-hundred day moving average price is $13.67. Arlo Technologies, Inc. has a 52 week low of $11.05 and a 52 week high of $19.94. The stock has a market cap of $1.45 billion, a PE ratio of 49.43 and a beta of 1.55.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The firm had revenue of $150.38 million for the quarter, compared to analysts’ expectations of $139.73 million. During the same period in the previous year, the business earned $0.15 earnings per share. Arlo Technologies’s revenue for the quarter was up 26.3% compared to the same quarter last year. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. On average, equities analysts predict that Arlo Technologies, Inc. will post 0.2 EPS for the current fiscal year.

Arlo Technologies announced that its board has initiated a stock buyback program 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 stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ARLO. Raymond James Financial restated an “outperform” rating and set a $19.00 price objective on shares of Arlo Technologies in a research note on Friday, May 8th. Oppenheimer initiated coverage on shares of Arlo Technologies in a research report on Monday, May 18th. They issued an “outperform” rating and a $20.00 price target on the stock. UBS Group set a $20.00 price target on shares of Arlo Technologies in a research report on Monday, May 18th. Finally, Weiss Ratings upgraded shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Four equities research 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.40.

Insiders Place Their Bets

In other Arlo Technologies news, General Counsel Brian Busse sold 25,525 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $13.78, for a total transaction of $351,734.50. Following the sale, the general counsel owned 583,364 shares in the company, valued at approximately $8,038,755.92. The trade was a 4.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew Blake Mcrae sold 153,433 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $13.78, for a total value of $2,114,306.74. Following the sale, the chief executive officer owned 1,168,866 shares in the company, valued at approximately $16,106,973.48. The trade was a 11.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 473,377 shares of company stock worth $6,688,435. 2.90% of the stock is owned by corporate insiders.

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.