Paradigm Capital Management Inc. NY Purchases New Stake in Arlo Technologies, Inc. $ARLO

Paradigm Capital Management Inc. NY acquired a new position in shares of Arlo Technologies, Inc. (NYSE:ARLO) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 343,100 shares of the company’s stock, valued at approximately $4,625,000.

Other hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in Arlo Technologies by 763.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock valued at $28,000 after acquiring an additional 1,748 shares during the last quarter. Quarry LP grew its position in shares of Arlo Technologies by 42.0% during the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock valued at $45,000 after acquiring an additional 783 shares during the period. Quadrant Capital Group LLC purchased a new stake in shares of Arlo Technologies during the 3rd quarter worth approximately $86,000. EverSource Wealth Advisors LLC increased its stake in shares of Arlo Technologies by 1,682.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock worth $95,000 after purchasing an additional 5,301 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Arlo Technologies in the 2nd quarter worth approximately $88,000. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Stock Down 0.0%

ARLO opened at $13.10 on Tuesday. The firm has a 50-day moving average price of $13.58 and a 200-day moving average price of $13.51. Arlo Technologies, Inc. has a twelve month low of $11.05 and a twelve month high of $19.94. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 48.52 and a beta of 1.56.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.08. The company had revenue of $155.94 million for the quarter, compared to analysts’ expectations of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. Arlo Technologies’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. 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. On average, sell-side analysts expect that Arlo Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 27,297 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total transaction of $423,649.44. Following the sale, the chief financial officer 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 57,775 shares of company stock worth $845,139. Insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group set a $20.00 price objective on Arlo Technologies in a research note on Monday, May 18th. Oppenheimer started coverage on Arlo Technologies in a research report on Monday, May 18th. They issued an “outperform” rating and a $20.00 target price for the company. Piper Sandler boosted 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. William Blair started coverage on Arlo Technologies in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $19.00 price target on shares of Arlo Technologies in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.60.

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.