Arlo Technologies (NYSE:ARLO) CFO Kurtis Joseph Binder Sells 27,297 Shares of Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 27,297 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total transaction of $423,649.44. Following the transaction, the chief financial officer owned 442,110 shares of the company’s stock, valued at $6,861,547.20. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Kurtis Joseph Binder sold 13,971 shares of Arlo Technologies stock. The stock was sold at an average price of $15.01, for a total transaction of $209,704.71.
• 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 transaction of $211,784.81.
• 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 transaction of $1,020,500.00.

Arlo Technologies Price Performance

Shares of NYSE:ARLO remained flat at $15.93 during trading on Wednesday. 1,075,767 shares of the company were exchanged, compared to its average volume of 1,343,998. Arlo Technologies, Inc. has a 1 year low of $11.05 and a 1 year high of $19.94. The company’s 50 day moving average price is $13.25 and its 200 day moving average price is $13.43. The stock has a market cap of $1.73 billion, a PE ratio of 59.00 and a beta of 1.56.

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

Institutional Investors Weigh In On Arlo Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its stake in Arlo Technologies by 763.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock worth $28,000 after acquiring an additional 1,748 shares in the last quarter. Quarry LP raised its stake in shares of Arlo Technologies by 42.0% during the third quarter. Quarry LP now owns 2,649 shares of the company’s stock valued at $45,000 after acquiring an additional 783 shares in the last quarter. Strs Ohio purchased a new stake in shares of Arlo Technologies in the first quarter valued at approximately $66,000. Quadrant Capital Group LLC bought a new position in Arlo Technologies in the third quarter worth approximately $86,000. Finally, EverSource Wealth Advisors LLC grew its stake in Arlo Technologies by 1,682.9% in the second quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock worth $95,000 after purchasing an additional 5,301 shares in the last quarter. Institutional investors own 83.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on ARLO. William Blair initiated coverage on Arlo Technologies in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock. Oppenheimer began coverage on Arlo Technologies in a research report on Monday, May 18th. They issued an “outperform” rating and a $20.00 price target for the company. Weiss Ratings lowered shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Piper Sandler began coverage on shares of Arlo Technologies in a research report on Sunday, July 26th. They set an “overweight” rating and a $17.00 price objective on the stock. Finally, Raymond James Financial reiterated an “outperform” rating and set a $19.00 price objective on shares of Arlo Technologies in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.