Arlo Technologies, Inc. (NYSE:ARLO – Get Free Report)’s share price dropped 7.9% during mid-day trading on Monday . The company traded as low as $13.75 and last traded at $14.0220. Approximately 226,779 shares traded hands during trading, a decline of 83% from the average session volume of 1,342,948 shares. The stock had previously closed at $15.23.

ARLO has been the topic of several analyst reports. Weiss Ratings downgraded Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. William Blair began coverage on shares of Arlo Technologies in a report on Tuesday, July 7th. They set an “outperform” rating for the company. Piper Sandler raised their target price on shares of Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday. UBS Group set a $20.00 target price on shares of Arlo Technologies in a research note on Monday, May 18th. Finally, 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 for the company. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.60.

Get Our Latest Analysis on ARLO

The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 52.80 and a beta of 1.56. The business has a fifty day moving average price of $13.38 and a 200 day moving average price of $13.46.

Arlo Technologies (NYSE:ARLO – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.08. The business had revenue of $155.94 million for the quarter, compared to the consensus estimate of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. Arlo Technologies’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the company posted $0.17 earnings per share. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. As a group, sell-side analysts predict that Arlo Technologies, Inc. will post 0.2 earnings per share for the current fiscal year.

In other news, CFO Kurtis Joseph Binder sold 27,297 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total transaction of $423,649.44. Following the transaction, the chief financial officer owned 442,110 shares in the company, valued at approximately $6,861,547.20. The trade was a 5.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 57,775 shares of company stock worth $845,139. Insiders own 2.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Arlo Technologies by 28.8% in the 1st quarter. AQR Capital Management LLC now owns 406,688 shares of the company’s stock worth $4,014,000 after acquiring an additional 90,970 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Arlo Technologies by 15.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 171,986 shares of the company’s stock worth $1,698,000 after purchasing an additional 23,068 shares during the period. Millennium Management LLC boosted its stake in Arlo Technologies by 116.1% during the first 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 in the last quarter. Goldman Sachs Group Inc. boosted its stake in Arlo Technologies by 115.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company’s stock worth $15,325,000 after buying an additional 830,770 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in Arlo Technologies by 279.8% in the first quarter. Jane Street Group LLC now owns 292,302 shares of the company’s stock valued at $2,885,000 after acquiring an additional 215,343 shares during the period. 83.18% of the stock is owned by institutional investors and hedge funds.

(Get Free Report)

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.

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