Arlo Technologies (NYSE:ARLO) General Counsel Sells $351,734.50 in Stock

Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Brian Busse sold 25,525 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $13.78, for a total transaction of $351,734.50. Following the sale, the general counsel directly owned 583,364 shares in the company, valued at approximately $8,038,755.92. This represents a 4.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Brian Busse also recently made the following trade(s):

• On Tuesday, March 3rd, Brian Busse sold 6,966 shares of Arlo Technologies stock. The shares were sold at an average price of $14.93, for a total transaction of $104,002.38.
• On Friday, February 6th, Brian Busse sold 31,407 shares of Arlo Technologies stock. The stock was sold at an average price of $12.29, for a total transaction of $385,992.03.
• On Wednesday, February 4th, Brian Busse sold 15,922 shares of Arlo Technologies stock. The stock was sold at an average price of $12.65, for a total transaction of $201,413.30.
• On Friday, January 30th, Brian Busse sold 8,245 shares of Arlo Technologies stock. The shares were sold at an average price of $12.81, for a total transaction of $105,618.45.
• On Friday, January 9th, Brian Busse sold 18,841 shares of Arlo Technologies stock. The shares were sold at an average price of $13.69, for a total value of $257,933.29.

Arlo Technologies Price Performance

Shares of ARLO stock opened at $13.61 on Friday. The business has a fifty day moving average of $13.13 and a 200 day moving average of $15.11. Arlo Technologies, Inc. has a 1 year low of $7.84 and a 1 year high of $19.94. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 104.66 and a beta of 1.65.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $135.57 million. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. As a group, equities research analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

Arlo Technologies announced that its Board of Directors has approved a share buyback plan on Wednesday, March 4th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its holdings in Arlo Technologies by 86.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock valued at $28,000 after acquiring an additional 747 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Arlo Technologies by 763.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock worth $28,000 after purchasing an additional 1,748 shares during the period. Quarry LP increased its holdings in shares of Arlo Technologies by 42.0% during the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock valued at $45,000 after purchasing an additional 783 shares in the last quarter. Strs Ohio purchased a new position in shares of Arlo Technologies during the 1st quarter valued at approximately $66,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Arlo Technologies in the 3rd quarter valued at $86,000. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings upgraded shares of Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 6th. Zacks Research cut shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Three 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 has a consensus rating of “Moderate Buy” and a consensus 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.