Arlo Technologies (NYSE:ARLO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Arlo Technologies (NYSE:ARLO) from a buy rating to a strong-buy rating in a research note published on Saturday.

Other analysts have also issued research reports about the company. Piper Sandler boosted their price target on Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Weiss Ratings downgraded Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. UBS Group set a $20.00 price objective on Arlo Technologies in a research note on Monday, May 18th. William Blair initiated coverage on shares of Arlo Technologies in a report on Tuesday, July 7th. They issued an “outperform” rating for the company. Finally, Oppenheimer initiated coverage on shares of Arlo Technologies in a report on Monday, May 18th. They issued an “outperform” rating and a $20.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.60.

Arlo Technologies Trading Down 0.0%

Shares of ARLO stock opened at $13.10 on Friday. Arlo Technologies has a 12 month low of $11.05 and a 12 month high of $19.94. The stock has a market cap of $1.42 billion, a P/E ratio of 48.52 and a beta of 1.56. The company has a 50 day simple moving average of $13.58 and a two-hundred day simple moving average of $13.51.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.08. The firm had revenue of $155.94 million during the quarter, compared to the consensus estimate of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, equities analysts forecast that Arlo Technologies will post 0.12 earnings per share for the current year.

Insider Activity at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 27,297 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 442,110 shares of the company’s stock, valued at approximately $6,861,547.20. This represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 57,775 shares of company stock valued at $845,139 in the last quarter. 2.90% of the stock is currently owned by insiders.

Institutional Trading of Arlo Technologies

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Arlo Technologies in the second quarter valued at $235,992,000. Vanguard Group Inc. grew its stake in shares of Arlo Technologies by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 10,691,336 shares of the company’s stock worth $149,572,000 after buying an additional 32,770 shares in the last quarter. Brandes Investment Partners LP grew its stake in shares of Arlo Technologies by 27.6% in the 4th quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock worth $114,700,000 after buying an additional 1,772,063 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Arlo Technologies by 9.0% in the 2nd quarter. Wasatch Advisors LP now owns 5,915,935 shares of the company’s stock worth $79,747,000 after buying an additional 489,668 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Arlo Technologies by 5.3% in the 2nd quarter. State Street Corp now owns 4,272,925 shares of the company’s stock worth $72,469,000 after buying an additional 215,867 shares during the last quarter. 83.18% of the stock is owned by hedge funds and other institutional investors.

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.