Rice Hall James & Associates LLC Makes New $50.32 Million Investment in Arlo Technologies, Inc. $ARLO

Rice Hall James & Associates LLC purchased a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO) in the second quarter, HoldingsChannel reports. The institutional investor purchased 3,732,962 shares of the company’s stock, valued at approximately $50,320,000. Arlo Technologies makes up about 2.4% of Rice Hall James & Associates LLC’s holdings, making the stock its 3rd biggest holding.

Other hedge funds also recently modified their holdings of the company. GSA Capital Partners LLP lifted its stake in shares of Arlo Technologies by 557.1% in the fourth quarter. GSA Capital Partners LLP now owns 141,372 shares of the company’s stock valued at $1,978,000 after buying an additional 119,857 shares during the period. Clearbridge Investments LLC acquired a new stake in Arlo Technologies during the fourth quarter worth about $6,794,000. UBS Group AG increased its stake in Arlo Technologies by 49.9% during the fourth quarter. UBS Group AG now owns 580,829 shares of the company’s stock valued at $8,126,000 after acquiring an additional 193,379 shares during the period. Wasatch Advisors LP raised its holdings in Arlo Technologies by 1.9% in the 1st quarter. Wasatch Advisors LP now owns 5,426,267 shares of the company’s stock valued at $77,216,000 after acquiring an additional 103,782 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Arlo Technologies by 154.7% in the 1st quarter. Lazard Asset Management LLC now owns 114,335 shares of the company’s stock valued at $1,627,000 after acquiring an additional 69,440 shares in the last quarter. 83.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. William Blair started coverage on Arlo Technologies in a report on Tuesday, July 7th. They set an “outperform” rating on the stock. Piper Sandler upped their target price on Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. UBS Group set a $20.00 target price on Arlo Technologies in a research report on Monday, May 18th. Wall Street Zen downgraded shares of Arlo Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $19.00 price target on shares of Arlo Technologies in a report on Friday, May 8th. Five 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.60.

Insider Buying and Selling

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 27,297 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total value of $423,649.44. Following the sale, the chief financial officer directly owned 442,110 shares in the company, valued at $6,861,547.20. This represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 57,775 shares of company stock valued at $845,139. 2.90% of the stock is owned by insiders.

Arlo Technologies Stock Down 4.5%

Shares of ARLO opened at $13.68 on Tuesday. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 50.67 and a beta of 1.56. Arlo Technologies, Inc. has a 12 month low of $11.05 and a 12 month high of $19.94. The company has a 50-day moving average price of $13.53 and a two-hundred day moving average price of $13.50.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.08. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The company had revenue of $155.94 million for the quarter, compared to the consensus estimate of $148.94 million. During the same period in the previous year, the business earned $0.17 earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. Equities research analysts expect that Arlo Technologies, Inc. will post 0.2 EPS for the current fiscal year.

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.