Arlo Technologies, Inc. $ARLO Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC raised its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 154.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 114,335 shares of the company’s stock after acquiring an additional 69,440 shares during the quarter. Lazard Asset Management LLC’s holdings in Arlo Technologies were worth $1,627,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Hantz Financial Services Inc. increased its stake in shares of Arlo Technologies by 763.3% during the fourth 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 in the last quarter. Quarry LP lifted its stake in Arlo Technologies by 42.0% in the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock valued at $45,000 after buying an additional 783 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in Arlo Technologies in the 3rd quarter worth about $86,000. EverSource Wealth Advisors LLC boosted its holdings in Arlo Technologies by 1,682.9% in the 2nd 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. Finally, Strs Ohio purchased a new stake in Arlo Technologies during the 1st quarter worth approximately $66,000. Institutional investors and hedge funds own 83.18% of the company’s stock.

Arlo Technologies Price Performance

Arlo Technologies stock opened at $14.99 on Tuesday. The firm has a 50 day simple moving average of $13.20 and a 200-day simple moving average of $13.42. Arlo Technologies, Inc. has a 1-year low of $11.05 and a 1-year high of $19.94. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 55.54 and a beta of 1.56.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The firm had revenue of $150.38 million for the quarter, compared to analyst estimates of $139.72 million. During the same quarter in the previous year, the company earned $0.15 EPS. The business’s revenue for the quarter 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. Equities analysts expect that Arlo Technologies, Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Activity at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 65,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $15.70, for a total transaction of $1,020,500.00. Following the completion of the transaction, the chief financial officer directly owned 499,885 shares in the company, valued at approximately $7,848,194.50. This represents a 11.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ARLO has been the subject of a number of research analyst reports. Oppenheimer started coverage on Arlo Technologies in a report on Monday, May 18th. They set an “outperform” rating and a $20.00 target price for the company. Piper Sandler began coverage on Arlo Technologies in a research report on Sunday, July 26th. They set an “overweight” rating and a $17.00 price target for the company. UBS Group set a $20.00 price objective on Arlo Technologies in a research note on Monday, May 18th. William Blair assumed coverage on Arlo Technologies in a report on Tuesday, July 7th. They issued an “outperform” rating on the stock. Finally, Weiss Ratings raised shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.67.

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.