Connor Clark & Lunn Investment Management Ltd. Invests $11.88 Million in Arlo Technologies, Inc. $ARLO

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Arlo Technologies, Inc. (NYSE:ARLO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 881,207 shares of the company’s stock, valued at approximately $11,879,000.

Several other institutional investors have also added to or reduced their stakes in ARLO. Hantz Financial Services Inc. increased its position in Arlo Technologies by 763.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock valued at $28,000 after purchasing an additional 1,748 shares during the period. Quarry LP raised its holdings in Arlo Technologies by 42.0% during the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after purchasing an additional 783 shares during the last quarter. Strs Ohio acquired a new position in shares of Arlo Technologies in the 1st quarter worth approximately $66,000. Quadrant Capital Group LLC acquired a new position in shares of Arlo Technologies in the 3rd quarter worth approximately $86,000. Finally, Quantbot Technologies LP bought a new stake in shares of Arlo Technologies in the 2nd quarter valued at $88,000. 83.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 27,297 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 442,110 shares of the company’s stock, valued at approximately $6,861,547.20. This trade represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 57,775 shares of company stock valued at $845,139 over the last ninety days. Company insiders own 2.90% of the company’s stock.

Arlo Technologies Price Performance

ARLO stock opened at $13.36 on Wednesday. The stock has a market capitalization of $1.45 billion, a PE ratio of 49.49 and a beta of 1.56. The company’s 50-day moving average is $13.58 and its 200-day moving average is $13.52. Arlo Technologies, Inc. has a 1 year low of $11.05 and a 1 year high of $19.94.

Arlo Technologies (NYSE:ARLO) last issued its 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. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The business had revenue of $155.94 million during the quarter, compared to analyst estimates of $148.94 million. During the same period in the previous year, the company posted $0.17 EPS. The firm’s revenue was up 20.5% compared to the same quarter last year. 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, analysts anticipate that Arlo Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ARLO. Weiss Ratings cut shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday. Oppenheimer began coverage on shares of Arlo Technologies in a research report on Monday, May 18th. They set an “outperform” rating and a $20.00 price target on the stock. Raymond James Financial reiterated an “outperform” rating and set a $19.00 price target on shares of Arlo Technologies in a report on Friday, May 8th. Finally, Piper Sandler lifted their price objective on Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Arlo Technologies presently has an average rating of “Moderate Buy” and an average price target of $20.60.

Arlo Technologies 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.