Granahan Investment Management LLC Purchases Shares of 192,918 Arlo Technologies, Inc. $ARLO

Granahan Investment Management LLC purchased a new stake in Arlo Technologies, Inc. (NYSE:ARLO) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 192,918 shares of the company’s stock, valued at approximately $3,270,000.

Several other institutional investors and hedge funds also recently modified their holdings of ARLO. Smartleaf Asset Management LLC raised its position in Arlo Technologies by 86.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock valued at $28,000 after buying an additional 747 shares during the last quarter. Strs Ohio bought a new stake in Arlo Technologies in the 1st quarter valued at approximately $66,000. Quadrant Capital Group LLC acquired a new position in Arlo Technologies during the 3rd quarter worth approximately $86,000. EverSource Wealth Advisors LLC boosted its position in Arlo Technologies by 1,682.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock worth $95,000 after acquiring an additional 5,301 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Arlo Technologies by 75,255.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,782 shares of the company’s stock worth $115,000 after acquiring an additional 6,773 shares in the last quarter. 83.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 179,419 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $13.78, for a total transaction of $2,472,393.82. Following the transaction, the chief financial officer directly owned 614,885 shares in the company, valued at approximately $8,473,115.30. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew Blake Mcrae sold 153,433 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $13.78, for a total transaction of $2,114,306.74. Following the sale, the chief executive officer directly owned 1,168,866 shares in the company, valued at $16,106,973.48. This trade represents a 11.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 842,522 shares of company stock valued at $11,321,821. 3.80% of the stock is owned by corporate insiders.

Arlo Technologies Stock Performance

Shares of NYSE ARLO opened at $13.88 on Tuesday. The stock has a 50 day moving average price of $13.13 and a 200 day moving average price of $15.07. The stock has a market capitalization of $1.48 billion, a PE ratio of 106.81 and a beta of 1.64. Arlo Technologies, Inc. has a 52 week low of $7.84 and a 52 week high of $19.94.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. Arlo Technologies had a return on equity of 10.76% and a net margin of 2.82%.The firm had revenue of $141.30 million for the quarter, compared to analyst estimates of $135.57 million. During the same quarter in the previous year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 16.2% on a year-over-year basis. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. As a group, research analysts forecast that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Zacks Research downgraded shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings upgraded shares of Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Arlo Technologies has a consensus rating of “Moderate Buy” and an average price target of $23.33.

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.