Arlo Technologies (NYSE:ARLO) CFO Kurtis Joseph Binder Sells 55,043 Shares of Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 55,043 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 $753,538.67. Following the completion of the transaction, the chief financial officer directly owned 460,970 shares of the company’s stock, valued at $6,310,679.30. This represents a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, October 15th, Kurtis Joseph Binder sold 51,668 shares of Arlo Technologies stock. The stock was sold at an average price of $17.82, for a total transaction of $920,723.76.

Arlo Technologies Price Performance

Shares of ARLO stock opened at $13.60 on Friday. The company has a fifty day moving average price of $14.37 and a two-hundred day moving average price of $16.24. Arlo Technologies, Inc. has a one year low of $7.84 and a one year high of $19.94. The stock has a market cap of $1.44 billion, a P/E ratio of 453.45 and a beta of 1.64.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Arlo Technologies by 2.0% in the third quarter. Vanguard Group Inc. now owns 10,658,566 shares of the company’s stock valued at $180,663,000 after acquiring an additional 207,388 shares during the period. Wasatch Advisors LP raised its stake in Arlo Technologies by 17.7% in the 3rd quarter. Wasatch Advisors LP now owns 5,505,467 shares of the company’s stock worth $93,318,000 after purchasing an additional 826,587 shares in the last quarter. State Street Corp boosted its holdings in Arlo Technologies by 5.3% in the 2nd quarter. State Street Corp now owns 4,272,925 shares of the company’s stock valued at $72,469,000 after purchasing an additional 215,867 shares during the period. Marshall Wace LLP grew its position in shares of Arlo Technologies by 69.1% during the 3rd quarter. Marshall Wace LLP now owns 2,554,457 shares of the company’s stock worth $43,298,000 after purchasing an additional 1,043,854 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Arlo Technologies by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 2,347,314 shares of the company’s stock worth $39,815,000 after purchasing an additional 60,838 shares in the last quarter. Institutional investors own 83.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ARLO shares. Wall Street Zen upgraded Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Zacks Research cut shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. BWS Financial reiterated a “buy” rating and issued a $26.00 price objective on shares of Arlo Technologies in a report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Arlo Technologies in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

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.