Arlo Technologies (NYSE:ARLO) Shares Up 6.9% – Here’s Why

Arlo Technologies, Inc. (NYSE:ARLO) shares rose 6.9% during mid-day trading on Monday . The stock traded as high as $13.82 and last traded at $13.7570. 198,958 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 1,343,438 shares. The stock had previously closed at $12.87.

Analyst Ratings Changes

Several research analysts have weighed in on ARLO shares. William Blair began coverage on shares of Arlo Technologies in a report on Tuesday, July 7th. They set an “outperform” rating for the company. Oppenheimer assumed coverage on Arlo Technologies in a report on Monday, May 18th. They issued an “outperform” rating and a $20.00 price objective for the company. Weiss Ratings upgraded Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Piper Sandler started coverage on Arlo Technologies in a research report on Sunday. They issued an “overweight” rating and a $17.00 target price for the company. Finally, UBS Group set a $20.00 price target on Arlo Technologies in a research report on Monday, May 18th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Arlo Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $20.67.

Arlo Technologies Price Performance

The stock’s fifty day simple moving average is $13.07 and its 200-day simple moving average is $13.39. The stock has a market cap of $1.55 billion, a P/E ratio of 52.75 and a beta of 1.55.

Arlo Technologies (NYSE:ARLO) last posted its earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. The company had revenue of $150.38 million during the quarter, compared to analyst estimates of $139.72 million. Arlo Technologies had a return on equity of 18.66% and a net margin of 5.47%.The business’s revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. 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.

Insider Activity

In other news, CFO Kurtis Joseph Binder sold 65,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $15.70, for a total transaction of $1,020,500.00. Following the completion of the transaction, the chief financial officer owned 499,885 shares of the company’s stock, valued at approximately $7,848,194.50. The trade was a 11.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

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

Arlo Technologies Company 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.