Connor Clark & Lunn Investment Management Ltd. Boosts Position in Arlo Technologies, Inc. $ARLO

Connor Clark & Lunn Investment Management Ltd. increased its holdings in Arlo Technologies, Inc. (NYSE:ARLO) by 24.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,374,399 shares of the company’s stock after acquiring an additional 266,847 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 1.33% of Arlo Technologies worth $23,310,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its position in shares of Arlo Technologies by 161.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,220 shares of the company’s stock worth $55,000 after purchasing an additional 1,988 shares during the period. Strs Ohio bought a new position in Arlo Technologies in the first quarter worth about $66,000. Magnetar Financial LLC purchased a new stake in Arlo Technologies in the first quarter worth about $117,000. Fox Run Management L.L.C. bought a new stake in Arlo Technologies during the 1st quarter valued at approximately $119,000. Finally, CWM LLC grew its holdings in shares of Arlo Technologies by 185.6% during the 1st quarter. CWM LLC now owns 12,826 shares of the company’s stock worth $127,000 after acquiring an additional 8,335 shares during the period. 83.18% of the stock is owned by hedge funds and other institutional investors.

Arlo Technologies Price Performance

Shares of Arlo Technologies stock opened at $14.90 on Monday. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 496.67 and a beta of 1.69. Arlo Technologies, Inc. has a 1 year low of $7.84 and a 1 year high of $19.94. The firm’s 50-day moving average is $17.76 and its 200 day moving average is $16.19.

Arlo Technologies (NYSE:ARLO) last issued its earnings results on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Arlo Technologies had a net margin of 0.84% and a return on equity of 2.00%. The business had revenue of $139.53 million during the quarter, compared to analysts’ expectations of $138.69 million. During the same period in the previous year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Arlo Technologies has set its Q4 2025 guidance at 0.130-0.190 EPS. On average, equities analysts expect that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on ARLO. Wall Street Zen upgraded Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Zacks Research cut shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Arlo Technologies in a research report on Wednesday, October 8th. Craig Hallum lifted their price target on shares of Arlo Technologies from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, Raymond James Financial restated an “outperform” rating and issued a $22.00 price objective (up previously from $15.00) on shares of Arlo Technologies in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Arlo Technologies currently has an average rating of “Hold” and a consensus target price of $23.00.

Insider Activity at Arlo Technologies

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 520,557 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $17.40, for a total transaction of $9,057,691.80. Following the sale, the chief executive officer directly owned 1,621,835 shares in the company, valued at approximately $28,219,929. This trade represents a 24.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kurtis Joseph Binder sold 135,494 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $16.89, for a total value of $2,288,493.66. Following the completion of the transaction, the chief financial officer owned 467,681 shares of the company’s stock, valued at $7,899,132.09. This represents a 22.46% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 912,405 shares of company stock valued at $15,764,818. 3.80% of the stock is owned by corporate insiders.

Arlo Technologies Company Profile

Arlo Technologies, Inc, together with its subsidiaries, provides a cloud-based platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers Arlo Essential Cameras and Doorbells (2nd Generation) delivers smart home protection, including automated privacy shield, 180-degree field of view, and 2K video resolution; Arlo Home Security System, an all-in-one multi-sensor that provides access to security experts for monitoring and responding to emergency situations; Arlo Pro 5S, a wireless 2K video resolution security camera; Arlo Go 2, a camera for monitoring remote areas, large properties, construction sites, vacation homes, boat or RV slips, and hard-to-access areas; Arlo Ultra 2 provides 4K video with HDR, an ultra-wide, 180-degree field of view, auto zoom and tracking on moving objects, and color night vision; and Arlo Floodlight Camera, a wire-free floodlight camera.