Arlo Technologies, Inc. $ARLO Shares Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lifted its stake in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 88.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,566 shares of the company’s stock after buying an additional 42,602 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.09% of Arlo Technologies worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ARLO. Smartleaf Asset Management LLC boosted its holdings in Arlo Technologies by 86.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock worth $28,000 after purchasing an additional 747 shares during the period. Hantz Financial Services Inc. boosted its holdings in Arlo Technologies by 763.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock worth $28,000 after purchasing an additional 1,748 shares during the period. Quarry LP boosted its holdings 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. Strs Ohio acquired a new position in Arlo Technologies in the first quarter worth $66,000. Finally, Quadrant Capital Group LLC acquired a new position in Arlo Technologies in the third quarter worth $86,000. Institutional investors and hedge funds own 83.18% of the company’s stock.

Insider Activity

In other news, CFO Kurtis Joseph Binder sold 179,419 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $13.78, for a total transaction of $2,472,393.82. Following the completion of the transaction, the chief financial officer owned 614,885 shares of the company’s stock, valued at approximately $8,473,115.30. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew Blake Mcrae sold 153,433 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $13.78, for a total transaction of $2,114,306.74. Following the transaction, the chief executive officer directly owned 1,168,866 shares of the company’s stock, valued at approximately $16,106,973.48. This trade represents a 11.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 473,377 shares of company stock valued at $6,688,435. 2.90% of the stock is currently owned by company insiders.

Arlo Technologies Stock Performance

Shares of ARLO opened at $13.35 on Wednesday. Arlo Technologies, Inc. has a 1 year low of $11.05 and a 1 year high of $19.94. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 49.43 and a beta of 1.55. The firm has a fifty day moving average of $13.89 and a 200-day moving average of $13.67.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The company had revenue of $150.38 million during the quarter, compared to the consensus estimate of $139.73 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. Analysts predict that Arlo Technologies, Inc. will post 0.2 EPS for the current year.

Arlo Technologies announced that its Board of Directors has authorized a share repurchase plan on Wednesday, March 4th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $19.00 price objective on shares of Arlo Technologies in a report on Friday, May 8th. UBS Group set a $20.00 price objective on shares of Arlo Technologies in a report on Monday, May 18th. Weiss Ratings raised shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Oppenheimer assumed coverage on shares of Arlo Technologies in a report on Monday, May 18th. They issued an “outperform” rating and a $20.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.40.

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.