Arlo Technologies, Inc. (NYSE:ARLO) Receives $22.33 Average Target Price from Analysts

Shares of Arlo Technologies, Inc. (NYSE:ARLO) have been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $21.40.

A number of equities research analysts have recently issued reports on the company. Oppenheimer assumed coverage on Arlo Technologies in a research note on Monday. They set an “outperform” rating and a $20.00 price objective on the stock. Raymond James Financial reiterated an “outperform” rating and set a $19.00 price objective on shares of Arlo Technologies in a research note on Friday, May 8th. UBS Group set a $20.00 price objective on Arlo Technologies in a research note on Monday. Finally, Weiss Ratings upgraded Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th.

Insider Buying and Selling at Arlo Technologies

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 153,433 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $13.78, for a total value of $2,114,306.74. Following the sale, the chief executive officer owned 1,168,866 shares in the company, valued at $16,106,973.48. This represents a 11.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Brian Busse sold 25,525 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $13.78, for a total value of $351,734.50. Following the completion of the sale, the general counsel owned 583,364 shares in the company, valued at $8,038,755.92. This represents a 4.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 530,478 shares of company stock worth $7,542,693 over the last 90 days. Company insiders own 2.90% of the company’s stock.

Institutional Trading of Arlo Technologies

Several hedge funds and other institutional investors have recently modified their holdings of ARLO. AQR Capital Management LLC grew its position in shares of Arlo Technologies by 28.8% in the first quarter. AQR Capital Management LLC now owns 406,688 shares of the company’s stock valued at $4,014,000 after purchasing an additional 90,970 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Arlo Technologies by 15.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 171,986 shares of the company’s stock valued at $1,698,000 after purchasing an additional 23,068 shares during the last quarter. Millennium Management LLC grew its position in shares of Arlo Technologies by 116.1% in the first quarter. Millennium Management LLC now owns 455,692 shares of the company’s stock valued at $4,498,000 after purchasing an additional 244,783 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Arlo Technologies by 115.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company’s stock valued at $15,325,000 after purchasing an additional 830,770 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of Arlo Technologies by 279.8% in the first quarter. Jane Street Group LLC now owns 292,302 shares of the company’s stock valued at $2,885,000 after purchasing an additional 215,343 shares during the last quarter. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Stock Up 2.1%

ARLO stock opened at $13.05 on Friday. The business has a 50 day moving average price of $14.01 and a two-hundred day moving average price of $13.88. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 48.32 and a beta of 1.60. Arlo Technologies has a twelve month low of $11.05 and a twelve month high of $19.94.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Arlo Technologies had a return on equity of 18.66% and a net margin of 5.47%.The company had revenue of $150.38 million for the quarter, compared to analysts’ expectations of $139.73 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue was up 26.3% compared to the same quarter last year. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. On average, equities research analysts anticipate that Arlo Technologies will post 0.16 EPS for the current fiscal year.

Arlo Technologies announced that its board has initiated a stock repurchase plan on Wednesday, March 4th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Arlo Technologies Company 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.