Prospect Capital Advisors LLC Sells 154,500 Shares of Arlo Technologies, Inc. $ARLO

Prospect Capital Advisors LLC lessened its position in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 29.7% in the first quarter, HoldingsChannel.com reports. The firm owned 365,750 shares of the company’s stock after selling 154,500 shares during the quarter. Arlo Technologies accounts for approximately 2.9% of Prospect Capital Advisors LLC’s portfolio, making the stock its 17th biggest holding. Prospect Capital Advisors LLC’s holdings in Arlo Technologies were worth $5,205,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted 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 worth $28,000 after purchasing an additional 1,748 shares during the period. Quarry LP increased its position in shares of Arlo Technologies by 42.0% during the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after buying an additional 783 shares during the period. Strs Ohio acquired a new stake in shares of Arlo Technologies during the first quarter worth $66,000. Quadrant Capital Group LLC bought a new position in Arlo Technologies during the third quarter worth $86,000. Finally, EverSource Wealth Advisors LLC raised its stake in Arlo Technologies by 1,682.9% during the second quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock worth $95,000 after buying an additional 5,301 shares during the last quarter. Institutional investors own 83.18% of the company’s stock.

Insider Buying and Selling at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 65,000 shares of the 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 transaction, the chief financial officer owned 499,885 shares of the company’s stock, 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 through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.90% of the company’s stock.

Arlo Technologies Stock Up 1.9%

Arlo Technologies stock opened at $14.74 on Friday. Arlo Technologies, Inc. has a 12-month low of $11.05 and a 12-month high of $19.94. The firm’s fifty day moving average is $13.16 and its 200 day moving average is $13.41. The company has a market capitalization of $1.60 billion, a PE ratio of 54.61 and a beta of 1.55.

Arlo Technologies (NYSE:ARLO) last issued its earnings results on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. The business had revenue of $150.38 million for 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%. Arlo Technologies’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. Sell-side analysts expect that Arlo Technologies, Inc. will post 0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on ARLO shares. Weiss Ratings raised shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Raymond James Financial reissued an “outperform” rating and issued a $19.00 price objective on shares of Arlo Technologies in a research report on Friday, May 8th. UBS Group set a $20.00 price objective on Arlo Technologies in a research note on Monday, May 18th. Oppenheimer assumed coverage on Arlo Technologies in a research report on Monday, May 18th. They set an “outperform” rating and a $20.00 target price on the stock. Finally, William Blair started coverage on Arlo Technologies in a research note on Tuesday, July 7th. They set an “outperform” rating for the company. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.67.

Arlo Technologies 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.