Brokerages Set Arlo Technologies, Inc. (NYSE:ARLO) PT at $23.33

Shares of Arlo Technologies, Inc. (NYSE:ARLO) have received an average recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $23.3333.

A number of brokerages recently commented on ARLO. Weiss Ratings raised Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. BWS Financial reissued a “buy” rating and issued a $26.00 target price on shares of Arlo Technologies in a research note on Tuesday, November 11th. Finally, Zacks Research cut Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th.

Insider Buying and Selling

In other Arlo Technologies news, CEO Matthew Blake Mcrae sold 95,326 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $12.29, for a total value of $1,171,556.54. Following the completion of the sale, the chief executive officer owned 1,011,288 shares of the company’s stock, valued at approximately $12,428,729.52. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Brian Busse sold 31,407 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $12.29, for a total transaction of $385,992.03. Following the completion of the sale, the general counsel owned 552,850 shares in the company, valued at approximately $6,794,526.50. This trade represents a 5.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 484,145 shares of company stock valued at $6,383,386 in the last 90 days. 3.80% of the stock is owned by insiders.

Institutional Trading of Arlo Technologies

A number of large investors have recently made changes to their positions in ARLO. Smartleaf Asset Management LLC lifted its holdings in shares of Arlo Technologies by 86.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock valued at $28,000 after purchasing an additional 747 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Arlo Technologies by 763.3% during the fourth quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock worth $28,000 after buying an additional 1,748 shares in the last quarter. Quarry LP raised its position in Arlo Technologies by 42.0% in the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock valued at $45,000 after buying an additional 783 shares during the last quarter. First Horizon Advisors Inc. raised its position in Arlo Technologies by 161.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,220 shares of the company’s stock valued at $55,000 after buying an additional 1,988 shares during the last quarter. Finally, Strs Ohio bought a new stake in Arlo Technologies in the 1st quarter valued at approximately $66,000. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Stock Performance

Shares of ARLO stock opened at $13.90 on Monday. The firm’s 50 day moving average price is $13.14 and its two-hundred day moving average price is $15.22. Arlo Technologies has a 52-week low of $7.84 and a 52-week high of $19.94. The stock has a market cap of $1.49 billion, a PE ratio of 106.93 and a beta of 1.64.

Arlo Technologies (NYSE:ARLO) last issued its earnings results on Thursday, February 26th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $141.30 million during the quarter, compared to analysts’ expectations of $135.57 million. Arlo Technologies had a net margin of 2.82% and a return on equity of 10.76%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. As a group, sell-side analysts predict that Arlo Technologies will post -0.29 earnings per share for the current fiscal year.

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

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.