Prashant Aggarwal Acquires Shares in Arlo Technologies
Insider Prashant Aggarwal purchased 14,931 shares of Arlo Technologies.
Key Points
- Insider Prashant Aggarwal bought 14,931 shares of Arlo Technologies on June 18, 2026.
- Arlo Technologies, Inc. (NYSE:ARLO) traded at $13.06 on Monday, with a market cap of $1.42 billion.
- Oppenheimer initiated coverage on Arlo with a 'buy' rating and a $20 target on May 18, 2026.
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Prashant Aggarwal, an insider at Arlo Technologies, Inc. (NYSE:ARLO), purchased 14,931 shares of the company on June 18, 2026. This transaction did not involve a planned purchase, indicating a direct acquisition of shares.
Other Institutional Activity in Arlo Technologies
BlackRock, Inc. increased its holdings in Arlo Technologies by 240,177 shares, bringing its total to 17,044,376 shares worth about $242.5 million. Brandes Investment Partners, LP also boosted its stake by 2,020,147 shares, ending with 10,218,854 shares valued at approximately $145.4 million, marking a 24.6% increase. Vanguard Portfolio Management LLC opened a new position with 5,427,545 shares valued at $77.2 million. Wasatch Advisors LP added 103,782 shares, totaling 5,426,267 shares worth about $77.2 million. State Street Corp grew its holdings by 104,180 shares, resulting in 4,317,921 shares valued at $61.4 million, a 2.5% increase.
Arlo Technologies, Inc. Stock Up 2.6%
Shares of Arlo Technologies, Inc. (NYSE:ARLO) traded near $13.06 on Monday. The company has a market cap of $1.42 billion and a P/E ratio of 46.64, with a forward P/E of 13.22. Its beta is 1.554, indicating higher volatility compared to the market. The stock's 52-week range is between $11.05 and $19.94, with a 50-day moving average of $13.60 and a 200-day moving average of $14.63. Arlo's current ratio is 1.517, and its quick ratio is 1.209, while its debt-to-equity ratio stands at 5.165.
$ARLO stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Arlo Technologies reported revenue of $560.6 million, reflecting a growth rate of 26.3%. The company posted an EPS of $0.28, with a net margin of 5.47% and a return on equity of 23.32%. The next earnings announcement is expected on August 6, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
Analyst view held steady after the report.
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EPS & revenue
EPS beat estimates by 42.6%. Revenue beat estimates by 5.5%.
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Profit surprise
EBITDA missed by 64 percent. Operating income missed by 62 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
- Analyst signal
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Earnings quality
Gross margin up 4.0 points. Operating margin up 6.2 points. Negative free cash flow.
Earnings Call Summary
Arlo reported record revenue of 150 million dollars, up 26 percent from last year, and non-GAAP earnings of 28 cents per share, up 86 percent year over year. The company added 318,000 paid subscriber accounts, well ahead of targets, bringing the total to 6 million accounts. Annual recurring revenue jumped to 357 million dollars, up 29 percent. Management highlighted major partnerships with ADT, Samsung and Comcast that will launch soon and drive 2027 growth, plus the acquisition of Aloe Care to enter the 23 billion dollar age-in-place market.
Guidance The company expects revenue of 145 million to 155 million in the second quarter, roughly flat with Q1. Management reaffirmed full year targets for 2026 and signaled strong momentum into 2027 with partnerships from ADT, Samsung and Comcast launching or expanding. They plan to spend more on research and product development while integrating recent acquisitions like Aloe Care.
Underwhelming report. Mixed results that may lead to slightly lower expectations.
Insider Buying and Selling at Arlo Technologies, Inc.
On June 18, 2026, several insiders at Arlo Technologies, including Grady Summers, Prashant Aggarwal, Catriona Fallon, Jocelyn Miller Carter, Ralph Faison, and Amy Rothstein, each purchased 14,931 shares. These purchases were direct acquisitions and not part of any pre-arranged trading plans.
Analysts Set New Price Targets
On May 18, 2026, Oppenheimer initiated coverage on Arlo Technologies with a 'buy' rating and a price target of $20. The consensus among analysts is a 'buy' rating with a mean price target of $21.4, based on five analyst opinions.
About Arlo Technologies
Arlo Technologies, Inc., headquartered in Carlsbad, California, operates in the Industrials sector, specifically within the Building Products & Equipment industry. The company, led by CEO Matthew Blake McRae, offers a range of smart home security products and cloud-based services across various regions including the Americas, Europe, and Asia Pacific. With 376 employees, Arlo provides advanced security solutions like cameras, security systems, and subscription services that enhance home protection and offer professional monitoring.
Bottom Line
Prashant Aggarwal's recent purchase of Arlo Technologies shares highlights insider confidence in the company's prospects. Arlo, known for its smart home security products, is trading at a market cap of $1.42 billion with a forward P/E ratio suggesting potential growth. Analyst coverage remains positive, with recent 'buy' ratings and a favorable mean price target, reflecting optimism about Arlo's future performance. As with all 13F filings, note this insider activity reflects past transactions and might not indicate current positions.
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