Arlo Technologies (NYSE:ARLO) CFO Sells $209,704.71 in Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 13,971 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $15.01, for a total value of $209,704.71. Following the sale, the chief financial officer directly owned 469,407 shares in the company, valued at approximately $7,045,799.07. This trade represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 4th, Kurtis Joseph Binder sold 27,297 shares of Arlo Technologies stock. The shares were sold at an average price of $15.52, for a total value of $423,649.44.
• On Monday, July 6th, Kurtis Joseph Binder sold 16,507 shares of Arlo Technologies stock. The stock was sold at an average price of $12.83, for a total value of $211,784.81.
• On Friday, May 8th, Kurtis Joseph Binder sold 65,000 shares of Arlo Technologies stock. The stock was sold at an average price of $15.70, for a total value of $1,020,500.00.

Arlo Technologies Stock Performance

Shares of NYSE ARLO remained flat at $15.93 during midday trading on Wednesday. 1,075,767 shares of the stock were exchanged, compared to its average volume of 1,343,998. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 59.00 and a beta of 1.56. Arlo Technologies, Inc. has a twelve month low of $11.05 and a twelve month high of $19.94. The firm has a fifty day moving average price of $13.25 and a 200-day moving average price of $13.43.

Arlo Technologies (NYSE:ARLO) last posted its earnings results on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The firm had revenue of $150.38 million during the quarter, compared to analysts’ expectations of $139.72 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s revenue was up 26.3% compared to the same quarter last year. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. On average, analysts forecast that Arlo Technologies, Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of Arlo Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP increased its stake in shares of Arlo Technologies by 9.0% during the second quarter. Wasatch Advisors LP now owns 5,915,935 shares of the company’s stock worth $79,747,000 after purchasing an additional 489,668 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Arlo Technologies by 13.6% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 84,615 shares of the company’s stock valued at $1,141,000 after buying an additional 10,128 shares in the last quarter. Bank of America Corp DE boosted its holdings in Arlo Technologies by 27.8% in the 1st quarter. Bank of America Corp DE now owns 256,060 shares of the company’s stock worth $3,644,000 after buying an additional 55,689 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Arlo Technologies by 74.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,615,569 shares of the company’s stock worth $22,990,000 after buying an additional 687,129 shares during the last quarter. Finally, Smith Group Asset Management LLC increased its stake in Arlo Technologies by 9.0% during the 1st quarter. Smith Group Asset Management LLC now owns 53,529 shares of the company’s stock worth $762,000 after buying an additional 4,435 shares in the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Analysts Set New Price Targets

ARLO has been the subject of a number of analyst reports. UBS Group set a $20.00 price objective on shares of Arlo Technologies in a research report on Monday, May 18th. William Blair initiated coverage on Arlo Technologies in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock. Oppenheimer assumed coverage on Arlo Technologies in a research note on Monday, May 18th. They issued an “outperform” rating and a $20.00 price target for the company. Weiss Ratings cut Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Finally, Piper Sandler assumed coverage on Arlo Technologies in a research report on Sunday, July 26th. They set an “overweight” rating and a $17.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.67.

Arlo Technologies Company Profile

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.