Insider Selling: Arlo Technologies (NYSE:ARLO) CFO Sells $187,207.27 in Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 12,539 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $14.93, for a total value of $187,207.27. Following the transaction, the chief financial officer directly owned 470,635 shares in the company, valued at $7,026,580.55. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, March 4th, Kurtis Joseph Binder sold 9,665 shares of Arlo Technologies stock. The stock was sold at an average price of $15.11, for a total value of $146,038.15.
• On Friday, January 9th, Kurtis Joseph Binder sold 55,043 shares of Arlo Technologies stock. The shares were sold at an average price of $13.69, for a total value of $753,538.67.

Arlo Technologies Price Performance

NYSE ARLO opened at $14.23 on Friday. The company has a 50 day simple moving average of $13.14 and a 200-day simple moving average of $15.26. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 109.47 and a beta of 1.65. Arlo Technologies, Inc. has a 52-week low of $7.84 and a 52-week high of $19.94.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. Arlo Technologies had a net margin of 2.82% and a return on equity of 10.76%. The firm had revenue of $141.30 million for the quarter, compared to the consensus estimate of $135.57 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The firm’s revenue was up 16.2% on a year-over-year basis. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. On average, analysts predict that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

Arlo Technologies announced that its board has approved a stock buyback program on Wednesday, March 4th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Arlo Technologies

Several hedge funds and other institutional investors have recently modified their holdings of ARLO. Brandes Investment Partners LP boosted its holdings in Arlo Technologies by 27.6% in the 4th quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock valued at $114,700,000 after purchasing an additional 1,772,063 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Arlo Technologies by 778.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,884,616 shares of the company’s stock valued at $31,944,000 after buying an additional 1,670,156 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of Arlo Technologies by 30.1% in the second quarter. Wasatch Advisors LP now owns 4,678,880 shares of the company’s stock valued at $79,354,000 after buying an additional 1,082,443 shares during the period. Marshall Wace LLP increased its stake in Arlo Technologies by 69.1% during the third quarter. Marshall Wace LLP now owns 2,554,457 shares of the company’s stock valued at $43,298,000 after acquiring an additional 1,043,854 shares during the period. Finally, Divisadero Street Capital Management LP raised its holdings in Arlo Technologies by 778.6% in the 2nd quarter. Divisadero Street Capital Management LP now owns 1,150,943 shares of the company’s stock valued at $19,520,000 after acquiring an additional 1,019,945 shares in the last quarter. Institutional investors and hedge funds own 83.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. BWS Financial reiterated a “buy” rating and issued a $26.00 price objective on shares of Arlo Technologies in a report on Tuesday, November 11th. Zacks Research lowered Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings lowered shares of Arlo Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.