Globeflex Capital L P Takes $1.73 Million Position in Arlo Technologies, Inc. $ARLO

Globeflex Capital L P bought a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 128,094 shares of the company’s stock, valued at approximately $1,727,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in Arlo Technologies during the 2nd quarter worth $88,000. B. Metzler seel. Sohn & Co. AG acquired a new position in Arlo Technologies in the second quarter valued at about $1,329,000. Focused Alpha LLC bought a new stake in shares of Arlo Technologies in the second quarter worth about $302,000. BlackRock Inc. bought a new stake in shares of Arlo Technologies in the second quarter worth about $235,992,000. Finally, Deutsche Bank AG acquired a new stake in shares of Arlo Technologies during the second quarter worth about $1,633,000. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Stock Performance

NYSE:ARLO opened at $13.10 on Tuesday. The stock has a 50-day simple moving average of $13.58 and a 200 day simple moving average of $13.51. Arlo Technologies, Inc. has a 52-week low of $11.05 and a 52-week high of $19.94. The company has a market cap of $1.42 billion, a PE ratio of 48.52 and a beta of 1.56.

Arlo Technologies (NYSE:ARLO) last released its earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.20 by $0.08. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The firm had revenue of $155.94 million for the quarter, compared to analysts’ expectations of $148.94 million. During the same quarter in the previous year, the business posted $0.17 EPS. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. On average, research analysts predict that Arlo Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Kurtis Joseph Binder sold 27,297 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total value of $423,649.44. Following the sale, the chief financial officer owned 442,110 shares of the company’s stock, valued at $6,861,547.20. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,775 shares of company stock valued at $845,139 in the last 90 days. 2.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ARLO. William Blair assumed coverage on Arlo Technologies in a report on Tuesday, July 7th. They set an “outperform” rating on the stock. Piper Sandler increased their target price on Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings downgraded shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Oppenheimer assumed coverage on shares of Arlo Technologies in a research note on Monday, May 18th. They issued an “outperform” rating and a $20.00 price target on the stock. Finally, UBS Group set a $20.00 price target on shares of Arlo Technologies in a report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.60.

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.