Arlo Technologies (NYSE:ARLO) CFO Kurtis Joseph Binder Sells 179,419 Shares

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 179,419 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $13.78, for a total transaction of $2,472,393.82. Following the completion of the sale, the chief financial officer directly owned 614,885 shares in the company, valued at $8,473,115.30. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 shares were sold at an average price of $15.11, for a total transaction of $146,038.15.
• On Tuesday, March 3rd, Kurtis Joseph Binder sold 12,539 shares of Arlo Technologies stock. The stock was sold at an average price of $14.93, for a total transaction of $187,207.27.
• On Friday, January 9th, Kurtis Joseph Binder sold 55,043 shares of Arlo Technologies stock. The stock was sold at an average price of $13.69, for a total transaction of $753,538.67.

Arlo Technologies Stock Up 2.3%

Shares of NYSE ARLO traded up $0.32 on Friday, reaching $13.83. 545,449 shares of the company’s stock traded hands, compared to its average volume of 1,485,955. The business’s 50 day simple moving average is $13.12 and its two-hundred day simple moving average is $15.15. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $19.94. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 106.43 and a beta of 1.65.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. Arlo Technologies had a return on equity of 10.76% and a net margin of 2.82%.The firm had revenue of $141.30 million for the quarter, compared to analysts’ expectations of $135.57 million. During the same period in the previous year, the firm posted $0.10 EPS. The business’s revenue for the quarter 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. Analysts forecast that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Arlo Technologies announced that its board has approved a share repurchase program on Wednesday, March 4th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Arlo Technologies

A number of institutional investors have recently made changes to their positions in the stock. Brandes Investment Partners LP boosted its holdings 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 worth $114,700,000 after purchasing an additional 1,772,063 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Arlo Technologies by 778.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,884,616 shares of the company’s stock worth $31,944,000 after acquiring an additional 1,670,156 shares during the period. Wasatch Advisors LP boosted its stake in shares of Arlo Technologies by 30.1% during the 2nd quarter. Wasatch Advisors LP now owns 4,678,880 shares of the company’s stock worth $79,354,000 after acquiring an additional 1,082,443 shares during the last quarter. Marshall Wace LLP grew its position in shares of Arlo Technologies by 69.1% during the 3rd 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 grew its holdings in Arlo Technologies by 778.6% during the second quarter. Divisadero Street Capital Management LP now owns 1,150,943 shares of the company’s stock valued at $19,520,000 after purchasing an additional 1,019,945 shares during the period. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ARLO shares. Zacks Research cut shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. 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. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.33.

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.