Arlo Technologies, Inc. $ARLO Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its position in Arlo Technologies, Inc. (NYSE:ARLO) by 73.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 119,543 shares of the company’s stock after buying an additional 50,631 shares during the period. Harbor Capital Advisors Inc.’s holdings in Arlo Technologies were worth $1,672,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Balboa Wealth Partners grew its holdings in shares of Arlo Technologies by 9.9% during the fourth quarter. Balboa Wealth Partners now owns 13,225 shares of the company’s stock worth $185,000 after buying an additional 1,196 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Arlo Technologies by 9.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 54,442 shares of the company’s stock valued at $762,000 after buying an additional 4,760 shares during the period. SG Americas Securities LLC lifted its stake in shares of Arlo Technologies by 23.5% during the fourth quarter. SG Americas Securities LLC now owns 46,246 shares of the company’s stock valued at $647,000 after buying an additional 8,815 shares during the period. Tudor Investment Corp ET AL boosted its position in Arlo Technologies by 375.1% during the third quarter. Tudor Investment Corp ET AL now owns 245,288 shares of the company’s stock worth $4,158,000 after acquiring an additional 193,662 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in Arlo Technologies during the third quarter worth approximately $180,000. 83.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on ARLO shares. Weiss Ratings upgraded Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, March 6th. Zacks Research cut Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Arlo Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $23.33.

Arlo Technologies Price Performance

Shares of ARLO stock opened at $14.02 on Friday. The firm has a market cap of $1.50 billion, a P/E ratio of 107.82 and a beta of 1.71. Arlo Technologies, Inc. has a 1-year low of $7.84 and a 1-year high of $19.94. The firm’s 50-day simple moving average is $13.28 and its 200-day simple moving average is $14.75.

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

Arlo Technologies announced that its Board of Directors has approved a stock buyback program on Wednesday, March 4th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Arlo Technologies

In other news, General Counsel Brian Busse sold 31,407 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $12.29, for a total transaction of $385,992.03. Following the completion of the sale, the general counsel directly owned 552,850 shares of the company’s stock, valued at $6,794,526.50. The trade was a 5.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kurtis Joseph Binder sold 179,419 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $13.78, for a total value of $2,472,393.82. Following the sale, 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 842,522 shares of company stock worth $11,321,821 in the last quarter. 5.20% of the stock is owned by insiders.

Arlo Technologies 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.