Arlo Technologies (NYSE:ARLO) CFO Sells $1,035,144.84 in Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Binder sold 83,211 shares of the company’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $12.44, for a total value of $1,035,144.84. Following the sale, the chief financial officer owned 358,899 shares of the company’s stock, valued at $4,464,703.56. This trade represents a 18.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Tuesday, September 29th, Kurtis Binder sold 13,358 shares of Arlo Technologies stock. The shares were sold at an average price of $12.58, for a total value of $168,043.64.
• On Tuesday, August 4th, Kurtis Binder sold 27,297 shares of Arlo Technologies stock. The shares were 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 stock was sold at an average price of $15.01, for a total transaction of $209,704.71.
• On Monday, July 6th, Kurtis Binder sold 16,507 shares of Arlo Technologies stock. The stock was sold at an average price of $12.83, for a total transaction of $211,784.81.

Arlo Technologies Stock Performance

ARLO stock opened at $12.78 on Friday. Arlo Technologies, Inc. has a one year low of $11.05 and a one year high of $19.94. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 47.32 and a beta of 1.60. The firm has a 50-day simple moving average of $13.68 and a two-hundred day simple moving average of $13.58.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. The firm had revenue of $155.94 million for the quarter, compared to the consensus estimate of $148.94 million. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, equities analysts predict that Arlo Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ARLO shares. Weiss Ratings downgraded Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. Wall Street Zen cut Arlo Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Piper Sandler boosted their target price on Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, William Blair assumed coverage on Arlo Technologies in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Arlo Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $20.60.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ARLO. Hantz Financial Services Inc. lifted its stake in shares of Arlo Technologies by 763.3% during the fourth quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock worth $28,000 after buying an additional 1,748 shares during the period. Continuum Advisory LLC purchased a new stake in shares of Arlo Technologies during the second quarter valued at $28,000. Integrated Wealth Concepts LLC acquired a new position in shares of Arlo Technologies in the 2nd quarter valued at $29,000. Quantbot Technologies LP acquired a new position in shares of Arlo Technologies in the 2nd quarter valued at $88,000. Finally, Readystate Asset Management LP purchased a new position in Arlo Technologies in the 1st quarter worth $142,000. Institutional investors and hedge funds own 83.18% of the company’s stock.

About Arlo Technologies

Arlo Technologies, Inc develops connected smart home security products and services. Its portfolio includes wire-free and wired security cameras, video doorbells, floodlight cameras, baby monitors and related accessories designed for residential and small-business use.

The company combines its hardware with cloud-based software and subscription services, including Arlo Secure. These services provide features such as video storage, activity notifications, person, vehicle and package detection, emergency response options and other monitoring and security capabilities, depending on the product and service plan.

Arlo was established as a standalone company following its separation from Netgear and became an independent publicly traded company in 2018.