Jupiter Topco LLC Invests $34.56 Million in Arlo Technologies, Inc. $ARLO

Jupiter Topco LLC purchased a new stake in Arlo Technologies, Inc. (NYSE:ARLO) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,563,579 shares of the company’s stock, valued at approximately $34,557,000.

Other large investors have also made changes to their positions in the company. Hantz Financial Services Inc. increased its holdings in shares of Arlo Technologies by 763.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock valued at $28,000 after purchasing an additional 1,748 shares during the last quarter. Quarry LP boosted its stake in Arlo Technologies by 42.0% during the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after buying an additional 783 shares during the last quarter. Strs Ohio acquired a new position in Arlo Technologies during the first quarter worth $66,000. Quadrant Capital Group LLC purchased a new stake in Arlo Technologies in the 3rd quarter valued at $86,000. Finally, Quantbot Technologies LP purchased a new stake in Arlo Technologies in the 2nd quarter valued at $88,000. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arlo Technologies

In related 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 value of $423,649.44. Following the sale, the chief financial officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 57,775 shares of company stock valued at $845,139. 2.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on ARLO shares. Weiss Ratings lowered Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Oppenheimer started coverage on shares of Arlo Technologies in a report on Monday, May 18th. They issued an “outperform” rating and a $20.00 price objective for the company. Raymond James Financial restated an “outperform” rating and set a $19.00 price objective on shares of Arlo Technologies in a research report on Friday, May 8th. William Blair started coverage on shares of Arlo Technologies in a research note on Tuesday, July 7th. They set an “outperform” rating on the stock. Finally, Wall Street Zen upgraded shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Arlo Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.60.

Arlo Technologies Stock Down 1.5%

ARLO stock opened at $12.88 on Friday. The business has a fifty day moving average of $13.58 and a two-hundred day moving average of $13.53. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 47.71 and a beta of 1.56. Arlo Technologies, Inc. has a 52-week low of $11.05 and a 52-week high of $19.94.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.20 by $0.08. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The business had revenue of $155.94 million for the quarter, compared to analyst estimates of $148.94 million. During the same quarter in the prior year, the company posted $0.17 EPS. The company’s quarterly revenue was up 20.5% on a year-over-year basis. 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 anticipate that Arlo Technologies, Inc. will post 0.12 EPS for the current year.

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.