S Squared Technology LLC Acquires Shares of 644,767 Arlo Technologies, Inc. $ARLO

S Squared Technology LLC purchased a new position in Arlo Technologies, Inc. (NYSE:ARLO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 644,767 shares of the company’s stock, valued at approximately $8,691,459. Arlo Technologies makes up approximately 0.0% of S Squared Technology LLC’s portfolio, making the stock its 15th largest holding. S Squared Technology LLC owned 0.59% of Arlo Technologies at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Arlo Technologies during the 2nd quarter worth approximately $235,992,000. Rice Hall James & Associates LLC acquired a new stake in Arlo Technologies during the second quarter valued at approximately $50,320,000. Brandes Investment Partners LP increased its position in Arlo Technologies by 27.6% in the 4th quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock worth $114,700,000 after purchasing an additional 1,772,063 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Arlo Technologies by 778.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,884,616 shares of the company’s stock valued at $31,944,000 after purchasing an additional 1,670,156 shares during the period. Finally, Wasatch Advisors LP grew its position in Arlo Technologies by 30.1% during the 2nd quarter. Wasatch Advisors LP now owns 4,678,880 shares of the company’s stock worth $79,354,000 after acquiring an additional 1,082,443 shares during the last quarter. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ARLO has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 22nd. William Blair started coverage on shares of Arlo Technologies in a research report on Tuesday, July 7th. They issued an “outperform” rating for the company. UBS Group set a $20.00 price target on shares of Arlo Technologies in a research report on Monday, May 18th. Raymond James Financial reaffirmed an “outperform” rating and set a $19.00 target price on shares of Arlo Technologies in a report on Friday, May 8th. Finally, Oppenheimer started coverage on shares of Arlo Technologies in a research report on Monday, May 18th. They issued an “outperform” rating and a $20.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Arlo Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $20.60.

Insider Activity

In other Arlo Technologies 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 completion of the transaction, 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 ownership of the stock. The sale 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. Over the last three months, insiders sold 57,775 shares of company stock worth $845,139. 2.90% of the stock is currently owned by company insiders.

Arlo Technologies Trading Down 1.1%

Shares of ARLO stock traded down $0.14 on Friday, hitting $12.93. 504,074 shares of the stock were exchanged, compared to its average volume of 1,344,020. The business has a 50-day moving average of $13.59 and a 200 day moving average of $13.53. The firm has a market capitalization of $1.40 billion, a P/E ratio of 47.89 and a beta of 1.56. Arlo Technologies, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $19.94.

Arlo Technologies (NYSE:ARLO) last released its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.08. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. 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 previous year, the business earned $0.17 earnings per share. Arlo Technologies’s revenue for the quarter 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, research analysts forecast that Arlo Technologies, Inc. will post 0.12 EPS for the current fiscal year.

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.