Hillsdale Investment Management Inc. Sells 42,700 Shares of Arlo Technologies, Inc. $ARLO

Hillsdale Investment Management Inc. reduced its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 11.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 343,582 shares of the company’s stock after selling 42,700 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.32% of Arlo Technologies worth $4,807,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARLO. Smartleaf Asset Management LLC boosted its stake in shares of Arlo Technologies by 86.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock worth $28,000 after acquiring an additional 747 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Arlo Technologies by 763.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock worth $28,000 after acquiring an additional 1,748 shares during the period. Quarry LP boosted its stake in shares of 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 acquiring an additional 783 shares during the period. Strs Ohio bought a new position in shares of Arlo Technologies during the 1st quarter worth approximately $66,000. Finally, Quadrant Capital Group LLC bought a new position in shares of Arlo Technologies during the 3rd quarter worth approximately $86,000. 83.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Oppenheimer assumed coverage on Arlo Technologies in a research note on Monday, May 18th. They set an “outperform” rating and a $20.00 target price for the company. Weiss Ratings raised Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Raymond James Financial reissued an “outperform” rating and set a $19.00 price target on shares of Arlo Technologies in a report on Friday, May 8th. Finally, UBS Group set a $20.00 price target on Arlo Technologies in a report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Arlo Technologies currently has an average rating of “Moderate Buy” and an average target price of $21.40.

Arlo Technologies Trading Up 0.4%

NYSE:ARLO opened at $13.32 on Friday. The stock has a market cap of $1.45 billion, a P/E ratio of 49.32 and a beta of 1.60. The stock has a 50 day simple moving average of $13.92 and a 200 day simple moving average of $13.69. Arlo Technologies, Inc. has a 1-year low of $11.05 and a 1-year high of $19.94.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.09. The business had revenue of $150.38 million during the quarter, compared to analysts’ expectations of $139.73 million. Arlo Technologies had a return on equity of 18.66% and a net margin of 5.47%.The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period last year, the firm posted $0.15 EPS. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. As a group, sell-side analysts forecast that Arlo Technologies, Inc. will post 0.2 EPS for the current year.

Arlo Technologies declared that its Board of Directors has authorized a stock buyback plan on Wednesday, March 4th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Arlo Technologies

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 153,433 shares of Arlo Technologies stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 1,168,866 shares of the company’s stock, valued at $16,106,973.48. The trade was a 11.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Brian Busse sold 25,525 shares of Arlo Technologies stock in a transaction 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 transaction, the general counsel directly owned 583,364 shares of the company’s stock, valued at $8,038,755.92. This represents a 4.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 530,478 shares of company stock valued at $7,542,693 in the last three months. Corporate insiders own 2.90% of the company’s stock.

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.