Arlo Technologies (NYSE:ARLO) CFO Sells 13,358 Shares of Company Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Binder sold 13,358 shares of the company’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $12.58, for a total transaction of $168,043.64. Following the sale, the chief financial officer directly owned 345,541 shares of the company’s stock, valued at approximately $4,346,905.78. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kurtis Joseph Binder also recently made the following trade(s):

• On Monday, September 28th, Kurtis Binder sold 83,211 shares of Arlo Technologies stock. The stock was sold at an average price of $12.44, for a total value of $1,035,144.84.
• On Tuesday, August 4th, Kurtis Binder sold 27,297 shares of Arlo Technologies stock. The stock was sold at an average price of $15.52, for a total value of $423,649.44.
• On Monday, August 3rd, Kurtis Binder sold 13,971 shares of Arlo Technologies stock. The shares were sold at an average price of $15.01, for a total value of $209,704.71.
• On Monday, July 6th, Kurtis Binder sold 16,507 shares of Arlo Technologies stock. The shares were sold at an average price of $12.83, for a total transaction of $211,784.81.

Arlo Technologies Stock Down 1.2%

Shares of ARLO traded down $0.15 during mid-day trading on Tuesday, reaching $12.45. 815,325 shares of the stock traded hands, compared to its average volume of 1,345,601. The stock has a fifty day simple moving average of $13.70 and a 200 day simple moving average of $13.61. Arlo Technologies, Inc. has a 12-month low of $11.05 and a 12-month high of $19.94. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 46.12 and a beta of 1.54.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.08. The business had revenue of $155.94 million during the quarter, compared to analyst estimates of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The business’s revenue was up 20.5% on a year-over-year basis. During the same period last year, the business earned $0.17 EPS. 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. On average, equities research analysts expect that Arlo Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ARLO shares. Piper Sandler raised their target price on Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings downgraded Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Wall Street Zen downgraded Arlo Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. Finally, William Blair assumed coverage on Arlo Technologies in a research report on Tuesday, July 7th. They issued an “outperform” rating on the stock. Five investment 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.60.

Institutional Investors Weigh In On Arlo Technologies

Institutional investors have recently modified their holdings of the stock. Tidal Investments LLC grew its stake in Arlo Technologies by 11.3% in the second quarter. Tidal Investments LLC now owns 128,332 shares of the company’s stock worth $1,730,000 after purchasing an additional 13,033 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Arlo Technologies during the second quarter valued at approximately $29,000. Baird Financial Group Inc. raised its stake in Arlo Technologies by 17.5% during the second quarter. Baird Financial Group Inc. now owns 15,715 shares of the company’s stock valued at $212,000 after buying an additional 2,341 shares in the last quarter. Amundi lifted its holdings in Arlo Technologies by 17.4% during the 2nd quarter. Amundi now owns 71,228 shares of the company’s stock worth $960,000 after buying an additional 10,577 shares during the last quarter. Finally, AXQ Capital LP bought a new position in Arlo Technologies during the 2nd quarter worth approximately $683,000. Institutional investors and hedge funds own 83.18% of the company’s stock.

About Arlo Technologies

Arlo Technologies, Inc develops and sells connected home security products and services. Its portfolio includes wire-free security cameras, video doorbells, floodlight cameras, indoor cameras, and related accessories designed to help consumers monitor and protect their homes and properties.

The company also provides cloud-based services that support video recording, storage, notifications, artificial intelligence-enabled detection, and other security features. Arlo offers subscription plans that provide additional capabilities, including more extensive video history and advanced monitoring features, alongside its hardware products.

Arlo was established as a standalone company following its separation from Netgear in 2018 and is headquartered in Carlsbad, California.