William Blair Begins Coverage on Arlo Technologies (NYSE:ARLO)

Analysts at William Blair assumed coverage on shares of Arlo Technologies (NYSE:ARLO) in a research report issued on Tuesday. The firm set an “outperform” rating on the stock.

Other research analysts also recently issued reports about the company. Weiss Ratings raised Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. UBS Group set a $20.00 target price on shares of Arlo Technologies in a research report on Monday, May 18th. Oppenheimer began coverage on shares of Arlo Technologies in a research note on Monday, May 18th. They issued an “outperform” rating and a $20.00 price target on the stock. Finally, Raymond James Financial restated an “outperform” rating and set a $19.00 price target on shares of Arlo Technologies in a research report on Friday, May 8th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.40.

Arlo Technologies Price Performance

ARLO opened at $13.20 on Tuesday. The firm has a fifty day moving average price of $13.26 and a 200 day moving average price of $13.47. Arlo Technologies has a 1 year low of $11.05 and a 1 year high of $19.94. The stock has a market cap of $1.43 billion, a P/E ratio of 48.89 and a beta of 1.55.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Arlo Technologies had a return on equity of 18.66% and a net margin of 5.47%.The company had revenue of $150.38 million for the quarter, compared to analyst estimates of $139.72 million. During the same period last year, the company earned $0.15 earnings per share. Arlo Technologies’s quarterly 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 expect that Arlo Technologies will post 0.2 EPS for the current year.

Insider Buying and Selling at Arlo Technologies

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 65,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $15.70, for a total transaction of $1,020,500.00. Following the transaction, the chief financial officer directly owned 499,885 shares in the company, valued at $7,848,194.50. This represents a 11.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 106,507 shares of company stock worth $1,612,035. Company insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Arlo Technologies

Several institutional investors have recently modified their holdings of ARLO. GSA Capital Partners LLP increased its stake in Arlo Technologies by 557.1% in the fourth quarter. GSA Capital Partners LLP now owns 141,372 shares of the company’s stock valued at $1,978,000 after acquiring an additional 119,857 shares during the period. UBS Group AG lifted its stake in Arlo Technologies by 49.9% during the fourth quarter. UBS Group AG now owns 580,829 shares of the company’s stock worth $8,126,000 after purchasing an additional 193,379 shares during the period. Clearbridge Investments LLC acquired a new stake in Arlo Technologies during the fourth quarter valued at approximately $6,794,000. Granahan Investment Management LLC acquired a new stake in Arlo Technologies during the third quarter valued at approximately $3,270,000. Finally, Tudor Investment Corp ET AL grew its stake in shares of Arlo Technologies by 375.1% in the 3rd 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 period. Institutional investors and hedge funds own 83.18% of the company’s stock.

Arlo Technologies Company 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.