Arlo Technologies (NYSE:ARLO) General Counsel Sells $257,933.29 in Stock

Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Brian Busse sold 18,841 shares of the firm’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $13.69, for a total transaction of $257,933.29. Following the completion of the transaction, the general counsel directly owned 551,014 shares of the company’s stock, valued at $7,543,381.66. This represents a 3.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Brian Busse also recently made the following trade(s):

• On Friday, November 14th, Brian Busse sold 149,521 shares of Arlo Technologies stock. The shares were sold at an average price of $14.37, for a total transaction of $2,148,616.77.

Arlo Technologies Trading Down 1.7%

Shares of ARLO traded down $0.24 during midday trading on Friday, reaching $13.60. The stock had a trading volume of 1,400,873 shares, compared to its average volume of 1,303,156. The firm has a market cap of $1.44 billion, a PE ratio of 453.45 and a beta of 1.64. The firm has a 50 day simple moving average of $14.49 and a 200-day simple moving average of $16.26. Arlo Technologies, Inc. has a one year low of $7.84 and a one year high of $19.94.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Arlo Technologies had a return on equity of 2.00% and a net margin of 0.84%.The business had revenue of $139.53 million during the quarter, compared to analysts’ expectations of $138.69 million. During the same quarter last year, the company posted $0.11 earnings per share. Arlo Technologies’s quarterly revenue was up 1.3% on a year-over-year basis. Arlo Technologies has set its Q4 2025 guidance at 0.130-0.190 EPS. As a group, research analysts forecast that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen raised Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. BWS Financial reissued a “buy” rating and set a $26.00 target price on shares of Arlo Technologies in a report on Tuesday, November 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Arlo Technologies in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Arlo Technologies by 28.8% during the first quarter. AQR Capital Management LLC now owns 406,688 shares of the company’s stock worth $4,014,000 after purchasing an additional 90,970 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Arlo Technologies by 15.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 171,986 shares of the company’s stock worth $1,698,000 after buying an additional 23,068 shares in the last quarter. Millennium Management LLC lifted its position in shares of Arlo Technologies by 116.1% during the 1st quarter. Millennium Management LLC now owns 455,692 shares of the company’s stock worth $4,498,000 after buying an additional 244,783 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Arlo Technologies in the first quarter valued at about $396,000. Finally, Goldman Sachs Group Inc. grew its position in Arlo Technologies by 115.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company’s stock valued at $15,325,000 after acquiring an additional 830,770 shares during the last quarter. 83.18% of the stock is owned by institutional investors.

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.