Arlo Technologies (NYSE:ARLO) Stock: Insider Kurtis Joseph Binder Sells 13,358 Shares

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Binder sold 13,358 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $12.58, for a total value of $168,043.64. Following the transaction, the chief financial officer owned 345,541 shares in the company, valued at $4,346,905.78. This trade represents a 3.72% 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 the SEC website. 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 Monday, September 28th, Kurtis Binder sold 83,211 shares of Arlo Technologies stock. The shares were sold at an average price of $12.44, for a total transaction of $1,035,144.84.
• 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 transaction 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 transaction of $209,704.71.
• On Monday, July 6th, Kurtis Binder sold 16,507 shares of Arlo Technologies stock. The shares were sold at an average price of $12.83, for a total transaction of $211,784.81.

Arlo Technologies Trading Down 1.2%

ARLO traded down $0.15 on Tuesday, hitting $12.45. 815,325 shares of the company’s stock were exchanged, compared to its average volume of 1,345,601. The firm has a market cap of $1.35 billion, a PE ratio of 46.12 and a beta of 1.54. Arlo Technologies, Inc. has a twelve month low of $11.05 and a twelve month high of $19.94. The stock has a fifty day moving average of $13.70 and a two-hundred day moving average of $13.61.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.08. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The business had revenue of $155.94 million for the quarter, compared to the consensus estimate of $148.94 million. During the same quarter last year, the business posted $0.17 EPS. The business’s revenue was up 20.5% on a year-over-year basis. 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. On average, analysts predict that Arlo Technologies, Inc. will post 0.12 EPS for the current year.

Institutional Investors Weigh In On Arlo Technologies

Several institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC grew its position in Arlo Technologies by 11.3% in the 2nd quarter. Tidal Investments LLC now owns 128,332 shares of the company’s stock valued at $1,730,000 after buying an additional 13,033 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Arlo Technologies during the 2nd quarter worth about $29,000. Baird Financial Group Inc. lifted its stake in shares of Arlo Technologies by 17.5% in the 2nd quarter. Baird Financial Group Inc. now owns 15,715 shares of the company’s stock worth $212,000 after acquiring an additional 2,341 shares during the period. Amundi boosted its holdings in shares of Arlo Technologies by 17.4% in the second quarter. Amundi now owns 71,228 shares of the company’s stock valued at $960,000 after acquiring an additional 10,577 shares in the last quarter. Finally, AXQ Capital LP bought a new position in shares of Arlo Technologies in the second quarter valued at approximately $683,000. Institutional investors and hedge funds own 83.18% of the company’s stock.

Analyst Ratings Changes

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