Sanctuary Advisors LLC Buys New Shares in Arlo Technologies, Inc. $ARLO

Sanctuary Advisors LLC bought a new position in Arlo Technologies, Inc. (NYSE:ARLO) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 53,333 shares of the company’s stock, valued at approximately $719,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARLO. Hantz Financial Services Inc. grew its stake in Arlo Technologies by 763.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock valued at $28,000 after purchasing an additional 1,748 shares during the last quarter. Quarry LP raised its stake in shares of Arlo Technologies by 42.0% in the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after purchasing an additional 783 shares during the last quarter. Strs Ohio purchased a new position in shares of Arlo Technologies in the first quarter worth about $66,000. Quadrant Capital Group LLC acquired a new stake in shares of Arlo Technologies during the third quarter worth about $86,000. Finally, Quantbot Technologies LP purchased a new stake in Arlo Technologies in the second quarter valued at approximately $88,000. Institutional investors and hedge funds own 83.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ARLO shares. Raymond James Financial reissued an “outperform” rating and set a $19.00 price target on shares of Arlo Technologies in a research report on Friday, May 8th. Oppenheimer assumed coverage on shares of Arlo Technologies in a report on Monday, May 18th. They issued an “outperform” rating and a $20.00 price objective on the stock. Weiss Ratings cut shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Wall Street Zen upgraded shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 22nd. Finally, Piper Sandler upped their price target on shares of Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Arlo Technologies has an average rating of “Moderate Buy” and a consensus price target of $20.60.

Insider Buying and Selling at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 27,297 shares of the stock in a transaction dated Tuesday, August 4th. The shares were 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 $6,861,547.20. This represents a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 57,775 shares of company stock valued at $845,139 in the last three months. Corporate insiders own 2.90% of the company’s stock.

Arlo Technologies Price Performance

Shares of NYSE ARLO opened at $12.88 on Friday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 47.71 and a beta of 1.56. The firm’s 50 day simple moving average is $13.58 and its 200-day simple moving average is $13.53. Arlo Technologies, Inc. has a 12 month low of $11.05 and a 12 month high of $19.94.

Arlo Technologies (NYSE:ARLO) last posted its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.08. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The firm had revenue of $155.94 million during the quarter, compared to analysts’ expectations of $148.94 million. During the same period in the previous year, the business posted $0.17 EPS. The business’s 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. Analysts anticipate that Arlo Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

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.