Primecap Management Co. CA Decreases Stake in Arlo Technologies, Inc. $ARLO

Primecap Management Co. CA decreased its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 12.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,654,291 shares of the company’s stock after selling 523,640 shares during the quarter. Primecap Management Co. CA’s holdings in Arlo Technologies were worth $61,977,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARLO. First Horizon Advisors Inc. raised its holdings in Arlo Technologies by 161.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,220 shares of the company’s stock valued at $55,000 after acquiring an additional 1,988 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. Magnetar Financial LLC purchased a new stake in shares of Arlo Technologies in the first quarter valued at about $117,000. Fox Run Management L.L.C. acquired a new stake in shares of Arlo Technologies during the 1st quarter worth approximately $119,000. Finally, CWM LLC raised its position in shares of Arlo Technologies by 185.6% during the 1st quarter. CWM LLC now owns 12,826 shares of the company’s stock valued at $127,000 after buying an additional 8,335 shares during the period. 83.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ARLO has been the topic of several recent analyst reports. Craig Hallum upped their price target on Arlo Technologies from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Zacks Research upgraded shares of Arlo Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. BWS Financial restated a “buy” rating and set a $26.00 price target on shares of Arlo Technologies in a research note on Tuesday, November 11th. Wall Street Zen raised Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $22.00 price target (up from $15.00) on shares of Arlo Technologies in a research note 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, the company currently has a consensus rating of “Buy” and an average price target of $23.00.

Arlo Technologies Price Performance

Shares of NYSE ARLO opened at $13.31 on Thursday. The stock has a fifty day moving average price of $17.23 and a 200 day moving average price of $16.41. Arlo Technologies, Inc. has a 1-year low of $7.84 and a 1-year high of $19.94. The company has a market cap of $1.41 billion, a PE ratio of 443.65 and a beta of 1.69.

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

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, General Counsel Brian Busse sold 149,521 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $14.37, for a total transaction of $2,148,616.77. Following the sale, the general counsel owned 519,855 shares in the company, valued at approximately $7,470,316.35. This represents a 22.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kurtis Joseph Binder sold 135,494 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $16.89, for a total transaction of $2,288,493.66. Following the sale, the chief financial officer owned 467,681 shares in the company, valued at approximately $7,899,132.09. This trade represents a 22.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 541,369 shares of company stock valued at $8,855,742 in the last ninety days. 5.20% of the stock is currently owned by company insiders.

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.