Insider Selling: Arlo Technologies (NYSE:ARLO) CFO Sells $211,784.81 in Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 16,507 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $12.83, for a total transaction of $211,784.81. Following the completion of the transaction, the chief financial officer owned 483,378 shares in the company, valued at approximately $6,201,739.74. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Friday, May 8th, Kurtis Joseph Binder sold 65,000 shares of Arlo Technologies stock. The shares were sold at an average price of $15.70, for a total value of $1,020,500.00.
• On Friday, April 17th, Kurtis Joseph Binder sold 25,000 shares of Arlo Technologies stock. The shares were sold at an average price of $15.19, for a total transaction of $379,750.00.

Arlo Technologies Stock Down 2.7%

ARLO stock opened at $12.82 on Thursday. The company has a market cap of $1.39 billion, a P/E ratio of 47.48 and a beta of 1.55. Arlo Technologies, Inc. has a twelve month low of $11.05 and a twelve month high of $19.94. The business has a fifty day moving average of $13.21 and a 200-day moving average of $13.46.

Arlo Technologies (NYSE:ARLO) last issued 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. The company had revenue of $150.38 million for the quarter, compared to analyst estimates of $139.72 million. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. As a group, equities research analysts anticipate that Arlo Technologies, Inc. will post 0.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ARLO has been the topic of several recent analyst reports. Oppenheimer assumed coverage on Arlo Technologies in a report on Monday, May 18th. They set an “outperform” rating and a $20.00 price objective on the stock. William Blair began coverage on shares of Arlo Technologies in a research note on Tuesday. They issued an “outperform” rating on the stock. Weiss Ratings raised shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Raymond James Financial restated an “outperform” rating and set a $19.00 price objective on shares of Arlo Technologies in a report on Friday, May 8th. Finally, UBS Group set a $20.00 price objective on shares of Arlo Technologies in a research report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.40.

Hedge Funds Weigh In On Arlo Technologies

Several hedge funds have recently modified their holdings of ARLO. Vanguard Group Inc. grew its stake in shares of Arlo Technologies by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 10,691,336 shares of the company’s stock valued at $149,572,000 after buying an additional 32,770 shares in the last quarter. Brandes Investment Partners LP lifted its stake in Arlo Technologies by 27.6% in the fourth quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock valued at $114,700,000 after acquiring an additional 1,772,063 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Arlo Technologies by 17.7% in the 3rd quarter. Wasatch Advisors LP now owns 5,505,467 shares of the company’s stock valued at $93,318,000 after acquiring an additional 826,587 shares during the period. State Street Corp increased its stake in shares of Arlo Technologies by 5.3% during the 2nd quarter. State Street Corp now owns 4,272,925 shares of the company’s stock worth $72,469,000 after purchasing an additional 215,867 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in shares of Arlo Technologies by 2.3% during the 1st 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 during the last quarter. Institutional investors own 83.18% of the company’s stock.

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.