Swedbank AB Has $13.52 Million Position in Arlo Technologies, Inc. $ARLO

Swedbank AB lessened its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 20.8% during the first quarter, Holdings Channel.com reports. The fund owned 950,000 shares of the company’s stock after selling 250,000 shares during the period. Swedbank AB’s holdings in Arlo Technologies were worth $13,518,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARLO. Vanguard Group Inc. grew its holdings in shares of Arlo Technologies by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 10,691,336 shares of the company’s stock worth $149,572,000 after purchasing an additional 32,770 shares in the last quarter. Brandes Investment Partners LP raised its stake in Arlo Technologies by 27.6% in the fourth quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock valued at $114,700,000 after purchasing an additional 1,772,063 shares in the last quarter. Wasatch Advisors LP raised its stake in Arlo Technologies by 17.7% in 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 lifted its position in Arlo Technologies by 5.3% during the second quarter. State Street Corp now owns 4,272,925 shares of the company’s stock worth $72,469,000 after purchasing an additional 215,867 shares during the period. Finally, Rice Hall James & Associates LLC lifted its position in Arlo Technologies by 2.9% during the fourth quarter. Rice Hall James & Associates LLC now owns 3,576,612 shares of the company’s stock worth $50,037,000 after purchasing an additional 100,831 shares during the period. 83.18% of the stock is owned by institutional investors and hedge funds.

Arlo Technologies Trading Up 2.5%

Shares of Arlo Technologies stock opened at $13.12 on Friday. The firm’s 50 day moving average is $13.19 and its 200 day moving average is $13.45. The firm has a market capitalization of $1.43 billion, a PE ratio of 48.61 and a beta of 1.55. Arlo Technologies, Inc. has a 1 year low of $11.05 and a 1 year high of $19.94.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.28 EPS for the quarter, beating 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 business had revenue of $150.38 million during the quarter, compared to the consensus estimate of $139.72 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The firm’s revenue 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. As a group, research analysts anticipate that Arlo Technologies, Inc. will post 0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group set a $20.00 target price on shares of Arlo Technologies in a report on Monday, May 18th. William Blair started coverage on shares of Arlo Technologies in a research report on Tuesday. They set an “outperform” rating on the stock. 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. Oppenheimer began coverage on shares of Arlo Technologies in a research note on Monday, May 18th. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Raymond James Financial restated an “outperform” rating and set a $19.00 price objective on shares of Arlo Technologies in a research report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.40.

Insider Activity

In other news, CFO Kurtis Joseph Binder sold 65,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $15.70, for a total value of $1,020,500.00. Following the completion of the transaction, the chief financial officer directly owned 499,885 shares in the company, valued at approximately $7,848,194.50. This represents a 11.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 106,507 shares of company stock worth $1,612,035 in the last three months. 2.90% of the stock is currently owned by corporate insiders.

Arlo Technologies 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.