Granahan Investment Management LLC Acquires 831,108 Shares of Arlo Technologies, Inc. $ARLO

Granahan Investment Management LLC raised its holdings in shares of Arlo Technologies, Inc. (NYSE:ARLO) by 245.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,169,490 shares of the company’s stock after acquiring an additional 831,108 shares during the quarter. Granahan Investment Management LLC’s holdings in Arlo Technologies were worth $16,642,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ARLO. Quarry LP raised its stake in shares of Arlo Technologies by 42.0% in the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after purchasing an additional 783 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Arlo Technologies by 3.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,268 shares of the company’s stock valued at $340,000 after purchasing an additional 800 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Arlo Technologies by 12.5% during the fourth quarter. Farther Finance Advisors LLC now owns 7,631 shares of the company’s stock valued at $107,000 after buying an additional 849 shares during the last quarter. Balboa Wealth Partners boosted its position in shares of Arlo Technologies by 9.9% during the fourth quarter. Balboa Wealth Partners now owns 13,225 shares of the company’s stock valued at $185,000 after buying an additional 1,196 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its position in shares of Arlo Technologies by 2.2% during the second quarter. SkyView Investment Advisors LLC now owns 57,297 shares of the company’s stock valued at $982,000 after buying an additional 1,226 shares during the last quarter. Institutional investors own 83.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ARLO. William Blair initiated coverage on Arlo Technologies in a research report on Tuesday, July 7th. They issued an “outperform” rating for the company. Raymond James Financial reaffirmed an “outperform” rating and set a $19.00 price target on shares of Arlo Technologies in a report on Friday, May 8th. UBS Group set a $20.00 price target on shares of Arlo Technologies in a research note on Monday, May 18th. Weiss Ratings raised shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Oppenheimer started coverage on shares of Arlo Technologies in a report on Monday, May 18th. They set an “outperform” rating and a $20.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Arlo Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.40.

Arlo Technologies Stock Up 2.8%

NYSE:ARLO opened at $12.89 on Friday. The business’s 50-day simple moving average is $13.02 and its two-hundred day simple moving average is $13.39. The stock has a market cap of $1.40 billion, a PE ratio of 47.73 and a beta of 1.55. 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 data on Thursday, May 7th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. The business had revenue of $150.38 million for the quarter, compared to the consensus estimate of $139.72 million. Arlo Technologies had a return on equity of 18.66% and a net margin of 5.47%.The business’s revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 earnings per share. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. Sell-side analysts anticipate that Arlo Technologies, Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Transactions at Arlo Technologies

In related news, CFO Kurtis Joseph Binder sold 16,507 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $12.83, for a total value of $211,784.81. Following the transaction, the chief financial officer directly owned 483,378 shares of the company’s stock, valued at approximately $6,201,739.74. The trade was a 3.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.90% 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.