S Squared Technology LLC Invests $8.69 Billion in Arlo Technologies, Inc. $ARLO

S Squared Technology LLC acquired a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO) in the second quarter, HoldingsChannel reports. The fund acquired 644,767 shares of the company’s stock, valued at approximately $8,691,459,000. Arlo Technologies makes up about 2.7% of S Squared Technology LLC’s investment portfolio, making the stock its 15th largest holding.

Several other large investors have also made changes to their positions in the company. Paradigm Capital Management Inc. NY acquired a new position in Arlo Technologies in the second quarter valued at $4,625,000. Algert Global LLC increased its stake in Arlo Technologies by 8.1% during the second quarter. Algert Global LLC now owns 291,376 shares of the company’s stock worth $3,928,000 after acquiring an additional 21,791 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Arlo Technologies in the 2nd quarter worth about $719,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Arlo Technologies in the 2nd quarter worth about $11,879,000. Finally, Globeflex Capital L P acquired a new position in shares of Arlo Technologies in the 2nd quarter valued at about $1,727,000. 83.18% of the stock is owned by hedge funds and other institutional investors.

Arlo Technologies Trading Down 0.0%

ARLO opened at $13.10 on Tuesday. Arlo Technologies, Inc. has a twelve month low of $11.05 and a twelve month high of $19.94. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 48.52 and a beta of 1.56. The company has a fifty day simple moving average of $13.58 and a 200 day simple moving average of $13.51.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. The firm had revenue of $155.94 million for the quarter, compared to analyst estimates of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The firm’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.17 EPS. 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, analysts forecast 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 Arlo Technologies stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total transaction of $423,649.44. Following the sale, the chief financial officer directly owned 442,110 shares of the company’s stock, valued at approximately $6,861,547.20. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 57,775 shares of company stock worth $845,139 over the last 90 days. 2.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. UBS Group set a $20.00 target price on Arlo Technologies in a report on Monday, May 18th. Raymond James Financial restated an “outperform” rating and issued a $19.00 price target on shares of Arlo Technologies in a report on Friday, May 8th. Wall Street Zen raised shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday. William Blair started coverage on shares of Arlo Technologies in a research note on Tuesday, July 7th. They set an “outperform” rating for the company. Finally, Oppenheimer initiated coverage on shares of Arlo Technologies in a research report on Monday, May 18th. They issued an “outperform” rating and a $20.00 price objective for the company. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Arlo Technologies has an average rating of “Moderate Buy” and an average price target of $20.60.

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.