Louisiana State Employees Retirement System Buys New Position in Arlo Technologies, Inc. $ARLO

Louisiana State Employees Retirement System purchased a new position in Arlo Technologies, Inc. (NYSE:ARLO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 47,000 shares of the company’s stock, valued at approximately $669,000.

A number of other large investors have also modified their holdings of the business. Hantz Financial Services Inc. raised its position in shares of Arlo Technologies by 763.3% in 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 position in Arlo Technologies by 42.0% during the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after buying an additional 783 shares during the last quarter. Strs Ohio acquired a new stake in Arlo Technologies during the 1st quarter valued at approximately $66,000. Quadrant Capital Group LLC purchased a new stake in shares of Arlo Technologies in the 3rd quarter valued at $86,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Arlo Technologies by 1,682.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock valued at $95,000 after acquiring an additional 5,301 shares during the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Arlo Technologies Price Performance

ARLO stock traded up $0.18 during mid-day trading on Tuesday, reaching $13.37. 145,302 shares of the company’s stock were exchanged, compared to its average volume of 1,373,858. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 49.48 and a beta of 1.55. Arlo Technologies, Inc. has a 12-month low of $11.05 and a 12-month high of $19.94. The stock’s 50 day moving average is $13.26 and its 200 day moving average is $13.47.

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

Insider Buying and Selling at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 65,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 499,885 shares in the company, valued at $7,848,194.50. This represents a 11.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 106,507 shares of company stock worth $1,612,035. 2.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Oppenheimer began coverage on Arlo Technologies in a research report on Monday, May 18th. They set an “outperform” rating and a $20.00 price target on the stock. Weiss Ratings raised Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. UBS Group set a $20.00 price target on Arlo Technologies in a research report on Monday, May 18th. William Blair assumed coverage on Arlo Technologies in a report on Tuesday. They issued an “outperform” rating for the company. Finally, Raymond James Financial restated an “outperform” rating and issued a $19.00 price objective on shares of Arlo Technologies in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Arlo Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $21.40.

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.