Westwood Holdings Group Inc. Sells 40,613 Shares of Arlo Technologies, Inc. $ARLO

Westwood Holdings Group Inc. lessened its stake in Arlo Technologies, Inc. (NYSE:ARLO) by 25.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,062 shares of the company’s stock after selling 40,613 shares during the period. Westwood Holdings Group Inc.’s holdings in Arlo Technologies were worth $2,002,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ARLO. Vanguard Group Inc. grew its stake in Arlo Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 9,953,767 shares of the company’s stock worth $98,244,000 after acquiring an additional 132,350 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of Arlo Technologies by 30.1% in the second quarter. Wasatch Advisors LP now owns 4,678,880 shares of the company’s stock valued at $79,354,000 after purchasing an additional 1,082,443 shares during the period. State Street Corp boosted its holdings in shares of Arlo Technologies by 5.3% in the second quarter. State Street Corp now owns 4,272,925 shares of the company’s stock valued at $72,469,000 after purchasing an additional 215,867 shares during the period. Geode Capital Management LLC grew its stake in Arlo Technologies by 2.7% in the second quarter. Geode Capital Management LLC now owns 2,347,314 shares of the company’s stock worth $39,815,000 after purchasing an additional 60,838 shares in the last quarter. Finally, Emerald Advisers LLC increased its holdings in Arlo Technologies by 4.2% during the 2nd quarter. Emerald Advisers LLC now owns 1,749,984 shares of the company’s stock worth $29,680,000 after purchasing an additional 70,195 shares during the period. 83.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Arlo Technologies news, General Counsel Brian Busse sold 149,521 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $14.37, for a total value of $2,148,616.77. Following the completion of the sale, the general counsel directly owned 519,855 shares in the company, valued at $7,470,316.35. This trade represents a 22.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Blake Mcrae sold 257,242 shares of Arlo Technologies stock in a transaction on Monday, December 1st. The stock was sold at an average price of $14.28, for a total transaction of $3,673,415.76. Following the completion of the transaction, the chief executive officer directly owned 941,586 shares in the company, valued at $13,445,848.08. This represents a 21.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 798,611 shares of company stock worth $12,529,158. Corporate insiders own 3.80% of the company’s stock.

Arlo Technologies Trading Down 4.7%

ARLO opened at $13.41 on Tuesday. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 447.18 and a beta of 1.73. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $19.94. The stock has a fifty day moving average price of $16.00 and a 200-day moving average price of $16.59.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Arlo Technologies had a return on equity of 2.00% and a net margin of 0.84%.The company had revenue of $139.53 million for the quarter, compared to the consensus estimate of $138.69 million. During the same quarter last year, the company earned $0.11 earnings per share. The firm’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 research analysts forecast that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ARLO shares. BWS Financial reiterated a “buy” rating and issued a $26.00 target price on shares of Arlo Technologies in a report on Tuesday, November 11th. Zacks Research upgraded Arlo Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Wall Street Zen raised shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Arlo Technologies in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $23.00.

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.