Formula Growth Ltd. Takes Position in Arlo Technologies, Inc. $ARLO

Formula Growth Ltd. purchased a new position in Arlo Technologies, Inc. (NYSE:ARLO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 140,000 shares of the company’s stock, valued at approximately $1,887,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Hantz Financial Services Inc. grew its position in Arlo Technologies by 763.3% in the 4th 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 increased its stake in Arlo Technologies by 42.0% in the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after purchasing an additional 783 shares during the period. Quadrant Capital Group LLC bought a new stake in shares of Arlo Technologies during the third quarter worth $86,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 purchasing an additional 5,301 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Arlo Technologies during the second quarter valued at $88,000. 83.18% of the stock is owned by institutional investors.

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 27,297 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total transaction of $423,649.44. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 57,775 shares of company stock worth $845,139. 2.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ARLO has been the topic of a number of research analyst reports. Oppenheimer began coverage on shares of Arlo Technologies in a report on Monday, May 18th. They issued an “outperform” rating and a $20.00 price target on the stock. Wall Street Zen upgraded shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Piper Sandler boosted their price objective on shares of Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. William Blair began coverage on shares of Arlo Technologies in a research note on Tuesday, July 7th. They issued an “outperform” rating on the stock. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $19.00 target price on shares of Arlo Technologies in a research report on Friday, May 8th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.60.

Arlo Technologies Trading Up 0.1%

Shares of ARLO stock opened at $13.08 on Friday. Arlo Technologies, Inc. has a twelve month low of $11.05 and a twelve month high of $19.94. The stock has a fifty day simple moving average of $13.59 and a two-hundred day simple moving average of $13.53. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 48.44 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 the consensus estimate of $0.20 by $0.08. The firm had revenue of $155.94 million for the quarter, compared to analyst estimates of $148.94 million. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 earnings per share. 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. Research analysts predict that Arlo Technologies, Inc. will post 0.12 EPS for the current fiscal year.

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.