Arlo Technologies (NYSE:ARLO) CFO Sells $2,472,393.82 in Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 179,419 shares of Arlo Technologies stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $13.78, for a total transaction of $2,472,393.82. Following the transaction, the chief financial officer owned 614,885 shares in the company, valued at $8,473,115.30. This represents a 22.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, March 4th, Kurtis Joseph Binder sold 9,665 shares of Arlo Technologies stock. The stock was sold at an average price of $15.11, for a total value of $146,038.15.
• On Tuesday, March 3rd, Kurtis Joseph Binder sold 12,539 shares of Arlo Technologies stock. The stock was 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 stock was sold at an average price of $13.69, for a total value of $753,538.67.

Arlo Technologies Stock Performance

NYSE ARLO opened at $13.61 on Friday. The business’s fifty day moving average is $13.13 and its 200 day moving average is $15.11. Arlo Technologies, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $19.94. The company has a market capitalization of $1.45 billion, a PE ratio of 104.66 and a beta of 1.65.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. Arlo Technologies had a return on equity of 10.76% and a net margin of 2.82%.The business had revenue of $141.30 million during the quarter, compared to analysts’ expectations of $135.57 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. The business’s quarterly 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, sell-side analysts forecast that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

Arlo Technologies announced that its board has initiated a stock buyback program on Wednesday, March 4th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Arlo Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARLO. Vanguard Group Inc. lifted its holdings in Arlo Technologies by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 10,691,336 shares of the company’s stock worth $149,572,000 after purchasing an additional 32,770 shares in the last quarter. Brandes Investment Partners LP grew its holdings in Arlo Technologies by 27.6% during the 4th quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock valued at $114,700,000 after buying an additional 1,772,063 shares in the last quarter. Wasatch Advisors LP grew its holdings in Arlo Technologies by 17.7% during the 3rd quarter. Wasatch Advisors LP now owns 5,505,467 shares of the company’s stock valued at $93,318,000 after buying an additional 826,587 shares in the last quarter. State Street Corp raised its position in shares of Arlo Technologies by 5.3% during the second quarter. State Street Corp now owns 4,272,925 shares of the company’s stock valued at $72,469,000 after buying an additional 215,867 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Arlo Technologies by 2.9% in the fourth quarter. Rice Hall James & Associates LLC now owns 3,576,612 shares of the company’s stock worth $50,037,000 after buying an additional 100,831 shares in the last quarter. Institutional investors own 83.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ARLO shares. Zacks Research downgraded shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings raised shares of Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 6th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.33.

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.