Legal & General Group Plc Takes $3.26 Million Position in Arlo Technologies, Inc. $ARLO

Legal & General Group Plc purchased a new stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 241,715 shares of the company’s stock, valued at approximately $3,258,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Quarry LP increased its stake in Arlo Technologies by 42.0% during the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after acquiring an additional 783 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Arlo Technologies by 3.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,268 shares of the company’s stock valued at $340,000 after purchasing an additional 800 shares during the last quarter. SkyView Investment Advisors LLC grew its holdings in shares of Arlo Technologies by 2.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 57,297 shares of the company’s stock worth $982,000 after purchasing an additional 1,226 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of Arlo Technologies by 1.2% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 115,861 shares of the company’s stock worth $1,965,000 after purchasing an additional 1,399 shares during the period. Finally, Nebula Research & Development LLC raised its holdings in Arlo Technologies by 11.7% in the 2nd quarter. Nebula Research & Development LLC now owns 14,002 shares of the company’s stock valued at $237,000 after buying an additional 1,472 shares during the period. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Arlo Technologies Price Performance

Shares of NYSE:ARLO opened at $13.90 on Friday. The firm has a market capitalization of $1.51 billion, a PE ratio of 51.48 and a beta of 1.54. Arlo Technologies, Inc. has a 1 year low of $11.05 and a 1 year high of $19.94. The firm’s 50-day moving average is $13.64 and its two-hundred day moving average is $13.57.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.20 by $0.08. The business had revenue of $155.94 million during the quarter, compared to analyst estimates of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. 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. Analysts expect that Arlo Technologies, Inc. will post 0.12 EPS for the current fiscal year.

Insider Transactions at Arlo Technologies

In other Arlo Technologies news, CFO Kurtis Binder sold 27,297 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were 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 of the company’s stock, valued at approximately $6,861,547.20. This represents a 5.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 57,775 shares of company stock valued at $845,139 in the last ninety days. 2.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on ARLO. UBS Group set a $20.00 target price on shares of Arlo Technologies in a research report on Monday, May 18th. Raymond James Financial restated an “outperform” rating and issued a $19.00 price objective on shares of Arlo Technologies in a report on Friday, May 8th. Piper Sandler increased their price objective on shares of Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Arlo Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings lowered Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. Five equities research 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, Arlo Technologies currently has an average rating of “Moderate Buy” and a consensus price target 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.