Arlo Technologies, Inc. $ARLO Shares Bought by Brandes Investment Partners LP

Brandes Investment Partners LP boosted its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 27.6% in the fourth quarter, HoldingsChannel reports. The firm owned 8,198,707 shares of the company’s stock after buying an additional 1,772,063 shares during the period. Brandes Investment Partners LP owned 0.08% of Arlo Technologies worth $114,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARLO. AQR Capital Management LLC lifted its position in Arlo Technologies by 28.8% during 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Arlo Technologies by 15.5% during 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 period. Millennium Management LLC lifted its position in Arlo Technologies by 116.1% during 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 period. Goldman Sachs Group Inc. lifted its position in Arlo Technologies by 115.1% during 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 period. Finally, Jane Street Group LLC raised 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 worth $2,885,000 after acquiring an additional 215,343 shares during the period. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Matthew Blake Mcrae sold 153,433 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $13.78, for a total transaction of $2,114,306.74. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurtis Joseph Binder sold 179,419 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $13.78, for a total transaction of $2,472,393.82. Following the transaction, the chief financial officer owned 614,885 shares of the company’s stock, valued at approximately $8,473,115.30. This trade represents a 22.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 473,377 shares of company stock worth $6,688,435 in the last 90 days. Insiders own 2.90% of the company’s stock.

Arlo Technologies Stock Performance

Shares of Arlo Technologies stock opened at $12.78 on Wednesday. The firm has a 50-day simple moving average of $13.71 and a two-hundred day simple moving average of $13.61. The company has a market cap of $1.39 billion, a P/E ratio of 47.35 and a beta of 1.55. Arlo Technologies, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $19.94.

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

Arlo Technologies declared that its board has authorized a stock repurchase program on Wednesday, March 4th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have weighed in on ARLO shares. UBS Group set a $20.00 price objective on shares of Arlo Technologies in a research report on Monday, May 18th. Raymond James Financial reiterated an “outperform” rating and issued a $19.00 price objective on shares of Arlo Technologies in a research report on Friday, May 8th. Weiss Ratings upgraded shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Oppenheimer started coverage on shares of Arlo Technologies in a research report on Monday, May 18th. They issued an “outperform” rating and a $20.00 price objective for the company. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.40.

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.