JPMorgan Chase & Co. Trims Holdings in Arlo Technologies, Inc. $ARLO

JPMorgan Chase & Co. lessened its position in Arlo Technologies, Inc. (NYSE:ARLO) by 16.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 614,182 shares of the company’s stock after selling 123,080 shares during the period. JPMorgan Chase & Co. owned about 0.59% of Arlo Technologies worth $10,410,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Arlo Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. BWS Financial reaffirmed a “buy” rating and set a $26.00 price target on shares of Arlo Technologies in a research report on Tuesday, November 11th. Finally, Zacks Research downgraded shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $23.33.

Arlo Technologies Price Performance

Arlo Technologies stock opened at $13.90 on Friday. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 106.93 and a beta of 1.65. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $19.94. The stock’s 50-day moving average is $13.14 and its 200-day moving average is $15.24.

Arlo Technologies (NYSE:ARLO) last issued its earnings results on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. Arlo Technologies had a return on equity of 10.76% and a net margin of 2.82%.The business had revenue of $141.30 million during the quarter, compared to analysts’ expectations of $135.57 million. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. Research analysts anticipate that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

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

Insider Transactions at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 9,665 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $15.11, for a total value of $146,038.15. Following the completion of the sale, the chief financial officer owned 460,970 shares of the company’s stock, valued at $6,965,256.70. This represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew Blake Mcrae sold 27,931 shares of Arlo Technologies stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $14.93, for a total transaction of $417,009.83. Following the transaction, the chief executive officer owned 1,033,475 shares in the company, valued at $15,429,781.75. The trade was a 2.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 484,145 shares of company stock valued at $6,383,386 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.

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.