Arlo Technologies, Inc. $ARLO is Rice Hall James & Associates LLC’s 2nd Largest Position

Rice Hall James & Associates LLC grew its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,576,612 shares of the company’s stock after purchasing an additional 100,831 shares during the quarter. Arlo Technologies comprises approximately 2.8% of Rice Hall James & Associates LLC’s portfolio, making the stock its 2nd biggest position. Rice Hall James & Associates LLC’s holdings in Arlo Technologies were worth $50,037,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ARLO. AQR Capital Management LLC increased its position 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 acquiring an additional 90,970 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Arlo Technologies by 15.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 171,986 shares of the company’s stock valued at $1,698,000 after acquiring an additional 23,068 shares during the period. Millennium Management LLC increased its position in shares of Arlo Technologies by 116.1% in the 1st quarter. Millennium Management LLC now owns 455,692 shares of the company’s stock valued at $4,498,000 after acquiring an additional 244,783 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Arlo Technologies by 115.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company’s stock valued at $15,325,000 after acquiring an additional 830,770 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Arlo Technologies by 279.8% in the 1st quarter. Jane Street Group LLC now owns 292,302 shares of the company’s stock valued at $2,885,000 after acquiring an additional 215,343 shares during the period. 83.18% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 65,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $15.70, for a total transaction of $1,020,500.00. Following the sale, the chief financial officer directly owned 499,885 shares of the company’s stock, valued at approximately $7,848,194.50. This trade represents a 11.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 115,000 shares of company stock worth $1,750,000. 2.90% of the stock is currently owned by company insiders.

Arlo Technologies Stock Performance

Shares of ARLO opened at $13.22 on Tuesday. The business’s 50-day moving average is $13.62 and its two-hundred day moving average is $13.60. The company has a market capitalization of $1.44 billion, a P/E ratio of 48.95 and a beta of 1.55. Arlo Technologies, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $19.94.

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

Arlo Technologies announced that its board has approved a share buyback plan on Wednesday, March 4th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ARLO shares. Raymond James Financial reissued an “outperform” rating and issued a $19.00 target price on shares of Arlo Technologies in a research report on Friday, May 8th. Weiss Ratings raised Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. UBS Group set a $20.00 target price on Arlo Technologies in a research report on Monday, May 18th. Finally, Oppenheimer started coverage on Arlo Technologies in a research report on Monday, May 18th. They issued an “outperform” rating and a $20.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.40.

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.