Hillsdale Investment Management Inc. Has $4.81 Million Stock Holdings in Arlo Technologies, Inc. $ARLO

Hillsdale Investment Management Inc. cut its stake in Arlo Technologies, Inc. (NYSE:ARLO) by 11.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,582 shares of the company’s stock after selling 42,700 shares during the period. Hillsdale Investment Management Inc.’s holdings in Arlo Technologies were worth $4,807,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ARLO. AQR Capital Management LLC raised its holdings in shares of Arlo Technologies by 28.8% during the 1st quarter. AQR Capital Management LLC now owns 406,688 shares of the company’s stock worth $4,014,000 after buying an additional 90,970 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Arlo Technologies by 15.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 171,986 shares of the company’s stock worth $1,698,000 after buying an additional 23,068 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Arlo Technologies by 116.1% during the 1st 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. raised its holdings in shares of Arlo Technologies by 115.1% during the 1st 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 raised its holdings in shares of Arlo Technologies by 279.8% during the 1st quarter. Jane Street Group LLC now owns 292,302 shares of the company’s stock worth $2,885,000 after buying an additional 215,343 shares in the last quarter. Institutional investors and hedge funds own 83.18% of the company’s stock.

Insider Buying and Selling

In related news, CFO Kurtis Joseph Binder sold 65,000 shares of the business’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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Blake Mcrae sold 153,433 shares of the business’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 $2,114,306.74. Following the sale, the chief executive officer owned 1,168,866 shares in the company, valued at $16,106,973.48. This represents a 11.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 530,478 shares of company stock worth $7,542,693 in the last 90 days. Insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Oppenheimer assumed coverage on Arlo Technologies in a report on Monday, May 18th. They set an “outperform” rating and a $20.00 price target for the company. Weiss Ratings raised Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Raymond James Financial reissued an “outperform” rating and set a $19.00 price target on shares of Arlo Technologies in a report on Friday, May 8th. Finally, UBS Group set a $20.00 price target on Arlo Technologies in a report on Monday, May 18th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.40.

Arlo Technologies Stock Up 0.4%

Shares of ARLO stock opened at $13.32 on Friday. The firm has a market capitalization of $1.45 billion, a P/E ratio of 49.32 and a beta of 1.60. Arlo Technologies, Inc. has a twelve month low of $11.05 and a twelve month high of $19.94. The stock’s fifty day simple moving average is $13.92 and its 200 day simple moving average is $13.69.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $150.38 million for the quarter, compared to analyst estimates of $139.73 million. Arlo Technologies had a return on equity of 18.66% and a net margin of 5.47%.Arlo Technologies’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. As a group, equities research analysts expect that Arlo Technologies, Inc. will post 0.2 EPS for the current fiscal year.

Arlo Technologies announced that its board has approved a share repurchase plan on Wednesday, March 4th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.