Arlo Technologies (NYSE:ARLO) General Counsel Brian Busse Sells 149,521 Shares of Stock

Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Brian Busse sold 149,521 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $14.37, for a total value of $2,148,616.77. Following the completion of the transaction, the general counsel owned 519,855 shares of the company’s stock, valued at $7,470,316.35. This represents a 22.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, October 2nd, Brian Busse sold 9,171 shares of Arlo Technologies stock. The stock was sold at an average price of $16.99, for a total value of $155,815.29.

Arlo Technologies Stock Performance

Shares of NYSE ARLO traded down $0.92 during midday trading on Friday, reaching $14.16. The stock had a trading volume of 1,644,748 shares, compared to its average volume of 1,353,325. The company’s 50 day moving average price is $17.48 and its 200 day moving average price is $16.29. Arlo Technologies, Inc. has a twelve month low of $7.84 and a twelve month high of $19.94. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 471.99 and a beta of 1.69.

Arlo Technologies (NYSE:ARLO) last issued its earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Arlo Technologies had a return on equity of 2.00% and a net margin of 0.84%.The business had revenue of $139.53 million during the quarter, compared to the consensus estimate of $138.69 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Arlo Technologies has set its Q4 2025 guidance at 0.130-0.190 EPS. Equities analysts forecast that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Institutional Trading of Arlo Technologies

Large investors have recently modified their holdings of the company. Teacher Retirement System of Texas increased its stake in shares of Arlo Technologies by 66.0% during the first quarter. Teacher Retirement System of Texas now owns 31,791 shares of the company’s stock valued at $314,000 after buying an additional 12,640 shares during the period. Principal Financial Group Inc. grew its position in shares of Arlo Technologies by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 500,817 shares of the company’s stock worth $4,943,000 after buying an additional 11,547 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Arlo Technologies by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 720,618 shares of the company’s stock worth $7,113,000 after acquiring an additional 15,811 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Arlo Technologies by 11.9% in the first quarter. Envestnet Asset Management Inc. now owns 55,639 shares of the company’s stock worth $549,000 after purchasing an additional 5,928 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Arlo Technologies by 185.6% during the 1st quarter. CWM LLC now owns 12,826 shares of the company’s stock valued at $127,000 after purchasing an additional 8,335 shares during the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ARLO. Raymond James Financial reissued an “outperform” rating and issued a $22.00 price objective (up from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. Weiss Ratings upgraded shares of Arlo Technologies from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, November 7th. Craig Hallum boosted their price objective on shares of Arlo Technologies from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wall Street Zen raised shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Finally, BWS Financial reaffirmed a “buy” rating and set a $26.00 price target on shares of Arlo Technologies in a report on Tuesday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

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.