Clearbridge Investments LLC Makes New $6.79 Million Investment in Arlo Technologies, Inc. $ARLO

Clearbridge Investments LLC bought a new position in Arlo Technologies, Inc. (NYSE:ARLO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 485,667 shares of the company’s stock, valued at approximately $6,794,000. Clearbridge Investments LLC owned about 0.46% of Arlo Technologies as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Granahan Investment Management LLC purchased a new position in Arlo Technologies during the third quarter valued at $3,270,000. UBS Group AG lifted its position in Arlo Technologies by 49.9% during the fourth quarter. UBS Group AG now owns 580,829 shares of the company’s stock valued at $8,126,000 after purchasing an additional 193,379 shares during the last quarter. GSA Capital Partners LLP lifted its position in Arlo Technologies by 557.1% during the fourth quarter. GSA Capital Partners LLP now owns 141,372 shares of the company’s stock valued at $1,978,000 after purchasing an additional 119,857 shares during the last quarter. Tudor Investment Corp ET AL lifted 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 valued at $4,158,000 after purchasing an additional 193,662 shares during the last quarter. Finally, Boothbay Fund Management LLC lifted its position in Arlo Technologies by 450.2% during the third quarter. Boothbay Fund Management LLC now owns 139,988 shares of the company’s stock valued at $2,373,000 after purchasing an additional 114,543 shares during the last quarter. Institutional investors own 83.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ARLO shares. Raymond James Financial restated an “outperform” rating and issued a $19.00 target price on shares of Arlo Technologies in a report on Friday, May 8th. Weiss Ratings upgraded Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Oppenheimer initiated coverage on shares of Arlo Technologies in a research report on Monday, May 18th. They set an “outperform” rating and a $20.00 target price on the stock. Finally, UBS Group set a $20.00 price objective on shares of Arlo Technologies in a research report on Monday, May 18th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.40.

Insider Buying and Selling at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 65,000 shares of the stock in a transaction dated 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 sale, the chief financial officer directly owned 499,885 shares of the company’s stock, valued at approximately $7,848,194.50. This represents a 11.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 115,000 shares of company stock worth $1,750,000. Corporate insiders own 2.90% of the company’s stock.

Arlo Technologies Stock Performance

NYSE ARLO opened at $12.31 on Thursday. The firm has a 50 day simple moving average of $13.69 and a 200-day simple moving average of $13.61. Arlo Technologies, Inc. has a one year low of $11.05 and a one year high of $19.94. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 45.58 and a beta of 1.55.

Arlo Technologies (NYSE:ARLO) last issued its earnings results on Thursday, May 7th. The company reported $0.28 earnings per share 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 firm had revenue of $150.38 million for the quarter, compared to analysts’ expectations of $139.73 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s revenue 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. Equities analysts predict that Arlo Technologies, Inc. will post 0.2 EPS for the current fiscal year.

Arlo Technologies announced that its Board of Directors has approved a share buyback plan on Wednesday, March 4th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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.