Arlo Technologies (NYSE:ARLO) Trading Up 6.9% – What’s Next?

Arlo Technologies, Inc. (NYSE:ARLO)’s stock price rose 6.9% on Monday . The company traded as high as $13.82 and last traded at $13.7570. Approximately 198,958 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 1,343,438 shares. The stock had previously closed at $12.87.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Piper Sandler started coverage on shares of Arlo Technologies in a report on Sunday. They set an “overweight” rating and a $17.00 target price on the stock. Raymond James Financial restated an “outperform” rating and issued a $19.00 price target on shares of Arlo Technologies in a report on Friday, May 8th. William Blair assumed coverage on shares of Arlo Technologies in a research report on Tuesday, July 7th. They issued an “outperform” rating for the company. Oppenheimer began coverage on shares of Arlo Technologies in a research note on Monday, May 18th. They set an “outperform” rating and a $20.00 price objective on the stock. Finally, UBS Group set a $20.00 price objective on shares of Arlo Technologies in a report on Monday, May 18th. Six 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 currently has a consensus rating of “Moderate Buy” and an average price target of $20.67.

Arlo Technologies Price Performance

The business has a 50-day moving average of $13.02 and a two-hundred day moving average of $13.38. The company has a market cap of $1.49 billion, a P/E ratio of 50.82 and a beta of 1.55.

Arlo Technologies (NYSE:ARLO) last announced its earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $150.38 million during the quarter, compared to the consensus estimate of $139.72 million. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The firm’s revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. Equities analysts anticipate that Arlo Technologies, Inc. will post 0.2 EPS for the current fiscal year.

Insider Activity

In other news, CFO Kurtis Joseph Binder sold 65,000 shares of Arlo Technologies stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $15.70, for a total value of $1,020,500.00. Following the transaction, the chief financial officer owned 499,885 shares of the company’s stock, valued at $7,848,194.50. The trade was a 11.51% decrease in their position. 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. 2.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Arlo Technologies

Several institutional investors have recently bought and sold shares of ARLO. AQR Capital Management LLC grew its holdings in Arlo Technologies by 28.8% in the first quarter. AQR Capital Management LLC now owns 406,688 shares of the company’s stock worth $4,014,000 after purchasing an additional 90,970 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Arlo Technologies by 15.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 171,986 shares of the company’s stock valued at $1,698,000 after purchasing an additional 23,068 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Arlo Technologies by 116.1% during the 1st quarter. Millennium Management LLC now owns 455,692 shares of the company’s stock valued at $4,498,000 after purchasing an additional 244,783 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Arlo Technologies by 115.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company’s stock valued at $15,325,000 after purchasing an additional 830,770 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Arlo Technologies by 279.8% in the 1st quarter. Jane Street Group LLC now owns 292,302 shares of the company’s stock worth $2,885,000 after purchasing an additional 215,343 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.

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.