Manatuck Hill Partners LLC Buys Shares of 50,000 Arlo Technologies, Inc. $ARLO

Manatuck Hill Partners LLC acquired a new stake in Arlo Technologies, Inc. (NYSE:ARLO) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 50,000 shares of the company’s stock, valued at approximately $674,000.

A number of other large investors also recently bought and sold shares of ARLO. Quarry LP boosted 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 buying an additional 783 shares during the period. Oregon Public Employees Retirement Fund raised 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 acquiring an additional 800 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Arlo Technologies by 12.5% in the 4th quarter. Farther Finance Advisors LLC now owns 7,631 shares of the company’s stock worth $107,000 after acquiring an additional 849 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of Arlo Technologies by 2.2% in the 2nd quarter. SkyView Investment Advisors LLC now owns 57,297 shares of the company’s stock worth $982,000 after acquiring an additional 1,226 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position 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. Institutional investors and hedge funds own 83.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ARLO shares. Wall Street Zen upgraded shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday. UBS Group set a $20.00 price target on Arlo Technologies in a research report on Monday, May 18th. Piper Sandler lifted their price objective on Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings downgraded Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Finally, Oppenheimer started coverage on Arlo Technologies in a research note on Monday, May 18th. They set an “outperform” rating and a $20.00 target price on the stock. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.60.

Insider Buying and Selling

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 27,297 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total value of $423,649.44. Following the sale, the chief financial officer owned 442,110 shares of the company’s stock, valued at $6,861,547.20. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 57,775 shares of company stock worth $845,139. Insiders own 2.90% of the company’s stock.

Arlo Technologies Stock Up 2.1%

Arlo Technologies stock opened at $13.36 on Wednesday. Arlo Technologies, Inc. has a 52-week low of $11.05 and a 52-week high of $19.94. The firm has a market cap 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 two-hundred day moving average is $13.52.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $148.94 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The company’s revenue was up 20.5% on a year-over-year basis. 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, equities research analysts anticipate that Arlo Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

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.