Arlo Technologies (NYSE:ARLO) CFO Kurtis Joseph Binder Sells 83,211 Shares of Company Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Binder sold 83,211 shares of the stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $12.44, for a total value of $1,035,144.84. Following the completion of the transaction, the chief financial officer directly owned 358,899 shares in the company, valued at $4,464,703.56. The trade was a 18.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock was 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 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 stock was sold at an average price of $12.83, for a total transaction of $211,784.81.

Arlo Technologies Stock Down 1.2%

NYSE ARLO traded down $0.15 during trading on Tuesday, reaching $12.45. 815,325 shares of the stock traded hands, compared to its average volume of 1,345,601. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 46.12 and a beta of 1.54. The stock’s 50-day moving average price is $13.70 and its 200 day moving average price is $13.61. Arlo Technologies, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $19.94.

Arlo Technologies (NYSE:ARLO) last posted its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.08. The company had revenue of $155.94 million for 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 for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the business posted $0.17 earnings per share. 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. Analysts anticipate that Arlo Technologies, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Arlo Technologies

Several institutional investors have recently added to or reduced their stakes in ARLO. Clearbridge Investments LLC bought a new position in shares of Arlo Technologies during the 4th quarter worth approximately $6,794,000. Rice Hall James & Associates LLC lifted its position in shares of Arlo Technologies by 2.3% in the first quarter. Rice Hall James & Associates LLC now owns 3,659,888 shares of the company’s stock worth $52,080,000 after purchasing an additional 83,276 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Arlo Technologies by 154.7% during the first quarter. Lazard Asset Management LLC now owns 114,335 shares of the company’s stock worth $1,627,000 after purchasing an additional 69,440 shares during the last quarter. Wasatch Advisors LP grew its position in Arlo Technologies by 1.9% in the first quarter. Wasatch Advisors LP now owns 5,426,267 shares of the company’s stock valued at $77,216,000 after purchasing an additional 103,782 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Arlo Technologies by 74.0% in the first quarter. Janus Henderson Group PLC now owns 1,615,569 shares of the company’s stock valued at $22,990,000 after purchasing an additional 687,129 shares in the last quarter. 83.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Arlo Technologies Company Profile

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.