Arlo Technologies (NYSE:ARLO) CFO Kurtis Joseph Binder Sells 51,668 Shares

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 51,668 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $17.82, for a total value of $920,723.76. Following the completion of the sale, the chief financial officer owned 416,013 shares in the company, valued at approximately $7,413,351.66. The trade was a 11.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, September 30th, Kurtis Joseph Binder sold 135,494 shares of Arlo Technologies stock. The stock was sold at an average price of $16.89, for a total value of $2,288,493.66.
• On Monday, September 29th, Kurtis Joseph Binder sold 81,440 shares of Arlo Technologies stock. The stock was sold at an average price of $17.04, for a total value of $1,387,737.60.
• On Friday, August 8th, Kurtis Joseph Binder sold 113,912 shares of Arlo Technologies stock. The stock was sold at an average price of $18.56, for a total value of $2,114,206.72.

Arlo Technologies Stock Down 1.2%

ARLO stock opened at $17.69 on Friday. Arlo Technologies, Inc. has a twelve month low of $7.84 and a twelve month high of $19.25. The business’s fifty day simple moving average is $17.40 and its two-hundred day simple moving average is $15.03. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of -252.68 and a beta of 1.72.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $129.41 million for the quarter, compared to analyst estimates of $123.33 million. Arlo Technologies had a negative return on equity of 6.69% and a negative net margin of 1.38%.The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 earnings per share. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. Research analysts expect that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ARLO shares. Zacks Research lowered Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Craig Hallum raised their price target on Arlo Technologies from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Arlo Technologies in a research note on Wednesday, October 8th. BWS Financial restated a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. Finally, Wall Street Zen upgraded Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Arlo Technologies presently has an average rating of “Hold” and an average price target of $23.00.

Hedge Funds Weigh In On Arlo Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC grew its stake in Arlo Technologies by 153.3% in the third quarter. CWM LLC now owns 30,919 shares of the company’s stock valued at $524,000 after purchasing an additional 18,714 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Arlo Technologies by 4.6% in the third quarter. Harbor Capital Advisors Inc. now owns 68,912 shares of the company’s stock valued at $1,168,000 after purchasing an additional 3,042 shares during the last quarter. OLD National Bancorp IN purchased a new position in Arlo Technologies in the third quarter valued at about $188,000. Farther Finance Advisors LLC grew its stake in Arlo Technologies by 75,255.6% in the third quarter. Farther Finance Advisors LLC now owns 6,782 shares of the company’s stock valued at $115,000 after purchasing an additional 6,773 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Arlo Technologies by 160.2% in the third quarter. Voya Investment Management LLC now owns 273,250 shares of the company’s stock worth $4,632,000 after acquiring an additional 168,248 shares in the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Arlo Technologies Company Profile

Arlo Technologies, Inc, together with its subsidiaries, provides a cloud-based platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers Arlo Essential Cameras and Doorbells (2nd Generation) delivers smart home protection, including automated privacy shield, 180-degree field of view, and 2K video resolution; Arlo Home Security System, an all-in-one multi-sensor that provides access to security experts for monitoring and responding to emergency situations; Arlo Pro 5S, a wireless 2K video resolution security camera; Arlo Go 2, a camera for monitoring remote areas, large properties, construction sites, vacation homes, boat or RV slips, and hard-to-access areas; Arlo Ultra 2 provides 4K video with HDR, an ultra-wide, 180-degree field of view, auto zoom and tracking on moving objects, and color night vision; and Arlo Floodlight Camera, a wire-free floodlight camera.