Wasatch Advisors LP Has $77.22 Million Stock Holdings in Arlo Technologies, Inc. $ARLO

Wasatch Advisors LP boosted its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,426,267 shares of the company’s stock after acquiring an additional 103,782 shares during the quarter. Wasatch Advisors LP owned 0.05% of Arlo Technologies worth $77,216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quarry LP increased its position in Arlo Technologies by 42.0% in the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock valued at $45,000 after acquiring an additional 783 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Arlo Technologies by 3.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,268 shares of the company’s stock worth $340,000 after purchasing an additional 800 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Arlo Technologies by 12.5% during the fourth quarter. Farther Finance Advisors LLC now owns 7,631 shares of the company’s stock worth $107,000 after purchasing an additional 849 shares during the period. Balboa Wealth Partners grew its stake in shares of Arlo Technologies by 9.9% in the fourth quarter. Balboa Wealth Partners now owns 13,225 shares of the company’s stock worth $185,000 after purchasing an additional 1,196 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in shares of Arlo Technologies by 2.2% in the second quarter. SkyView Investment Advisors LLC now owns 57,297 shares of the company’s stock worth $982,000 after purchasing an additional 1,226 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on ARLO shares. Oppenheimer initiated 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 raised Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Raymond James Financial reiterated an “outperform” rating and issued a $19.00 price target on shares of Arlo Technologies in a research report on Friday, May 8th. Finally, UBS Group set a $20.00 price target on Arlo Technologies in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.40.

Arlo Technologies Stock Performance

Shares of NYSE ARLO opened at $12.52 on Friday. The company has a market capitalization of $1.36 billion, a P/E ratio of 46.38 and a beta of 1.55. Arlo Technologies, Inc. has a 52-week low of $11.05 and a 52-week high of $19.94. The company’s 50 day moving average price is $13.45 and its 200-day moving average price is $13.51.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The company had revenue of $150.38 million for the quarter, compared to analyst estimates of $139.72 million. During the same period in the prior year, the firm posted $0.15 EPS. The company’s quarterly revenue was up 26.3% on a year-over-year basis. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. Analysts forecast that Arlo Technologies, Inc. will post 0.2 earnings per share for the current year.

Arlo Technologies declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 4th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 65,000 shares of the company’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 sale, the chief financial officer owned 499,885 shares of the company’s stock, valued at approximately $7,848,194.50. This represents 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 this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 115,000 shares of company stock valued at $1,750,000 in the last quarter. 2.90% of the stock is owned by 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.