Kurtis Joseph Binder Sells 9,665 Shares of Arlo Technologies (NYSE:ARLO) Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 9,665 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $15.11, for a total value of $146,038.15. Following the sale, the chief financial officer directly owned 460,970 shares of the company’s stock, valued at $6,965,256.70. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, March 3rd, Kurtis Joseph Binder sold 12,539 shares of Arlo Technologies stock. The shares were sold at an average price of $14.93, for a total value of $187,207.27.
• On Friday, January 9th, Kurtis Joseph Binder sold 55,043 shares of Arlo Technologies stock. The shares were sold at an average price of $13.69, for a total value of $753,538.67.

Arlo Technologies Stock Performance

Arlo Technologies stock traded down $0.93 during mid-day trading on Thursday, reaching $14.11. The company’s stock had a trading volume of 677,173 shares, compared to its average volume of 1,506,435. The firm’s fifty day moving average price is $13.14 and its two-hundred day moving average price is $15.27. The company has a market capitalization of $1.51 billion, a P/E ratio of 108.55 and a beta of 1.65. Arlo Technologies, Inc. has a 12-month low of $7.84 and a 12-month high of $19.94.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. Arlo Technologies had a return on equity of 10.76% and a net margin of 2.82%.The firm had revenue of $141.30 million for the quarter, compared to analysts’ expectations of $135.57 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s revenue was up 16.2% on a year-over-year basis. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. On average, research analysts predict that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

Arlo Technologies declared that its board has approved a share buyback program on Wednesday, March 4th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Arlo Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. BWS Financial reaffirmed a “buy” rating and set a $26.00 price target on shares of Arlo Technologies in a research note on Tuesday, November 11th. Finally, Zacks Research cut Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Arlo Technologies has an average rating of “Hold” and an average target price of $23.33.

Institutional Investors Weigh In On Arlo Technologies

Several hedge funds have recently bought and sold shares of the business. Brandes Investment Partners LP grew its stake in shares of Arlo Technologies by 27.6% in the fourth quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock worth $114,700,000 after acquiring an additional 1,772,063 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake 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 worth $31,944,000 after purchasing an additional 1,670,156 shares in the last quarter. 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 valued at $79,354,000 after purchasing an additional 1,082,443 shares during the last quarter. Marshall Wace LLP raised its holdings in Arlo Technologies by 69.1% in the third quarter. Marshall Wace LLP now owns 2,554,457 shares of the company’s stock worth $43,298,000 after buying an additional 1,043,854 shares during the last quarter. Finally, Divisadero Street Capital Management LP lifted its stake in shares of Arlo Technologies by 778.6% in the second quarter. Divisadero Street Capital Management LP now owns 1,150,943 shares of the company’s stock worth $19,520,000 after buying an additional 1,019,945 shares in the last quarter. Institutional investors own 83.18% of the company’s stock.

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.