1492 Capital Management LLC Acquires 154,425 Shares of Arlo Technologies, Inc. $ARLO

1492 Capital Management LLC increased its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 786.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 174,055 shares of the company’s stock after acquiring an additional 154,425 shares during the period. 1492 Capital Management LLC’s holdings in Arlo Technologies were worth $2,477,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its stake 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 buying an additional 119,857 shares during the last quarter. UBS Group AG raised its holdings in shares of Arlo Technologies by 49.9% during the 4th quarter. UBS Group AG now owns 580,829 shares of the company’s stock worth $8,126,000 after acquiring an additional 193,379 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in shares of Arlo Technologies during the 4th quarter worth approximately $6,794,000. Granahan Investment Management LLC bought a new position in shares of Arlo Technologies during the 3rd quarter valued at approximately $3,270,000. Finally, Tudor Investment Corp ET AL boosted its position in shares of Arlo Technologies by 375.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 245,288 shares of the company’s stock valued at $4,158,000 after acquiring an additional 193,662 shares during the last quarter. Institutional investors own 83.18% of the company’s stock.

Insider Activity at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 65,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $15.70, for a total transaction of $1,020,500.00. Following the completion of the transaction, the chief financial officer owned 499,885 shares in the company, valued at $7,848,194.50. The trade was a 11.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 115,000 shares of company stock worth $1,750,000. Insiders own 2.90% of the company’s stock.

Arlo Technologies Price Performance

ARLO stock opened at $12.52 on Friday. The company has a market capitalization of $1.36 billion, a P/E ratio of 46.38 and a beta of 1.55. The business has a 50-day moving average price of $13.45 and a 200 day moving average price of $13.51. Arlo Technologies, Inc. has a 1-year low of $11.05 and a 1-year high of $19.94.

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 analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $150.38 million for the quarter, compared to the consensus estimate of $139.72 million. Arlo Technologies had a return on equity of 18.66% and a net margin of 5.47%.The business’s revenue was up 26.3% compared to the same quarter last year. During the same period last year, the business posted $0.15 EPS. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. On average, analysts anticipate that Arlo Technologies, Inc. will post 0.2 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ARLO shares. Weiss Ratings upgraded shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. UBS Group set a $20.00 price target on Arlo Technologies in a research report on Monday, May 18th. Raymond James Financial reissued an “outperform” rating and issued a $19.00 target price on shares of Arlo Technologies in a research note on Friday, May 8th. Finally, Oppenheimer started coverage on shares of Arlo Technologies in a report on Monday, May 18th. They issued an “outperform” rating and a $20.00 target price for the company. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.40.

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.