Kurtis Joseph Binder Sells 65,000 Shares of Arlo Technologies (NYSE:ARLO) Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 65,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $15.70, for a total value of $1,020,500.00. Following the transaction, the chief financial officer directly owned 499,885 shares in the company, valued at approximately $7,848,194.50. This represents a 11.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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, April 17th, Kurtis Joseph Binder sold 25,000 shares of Arlo Technologies stock. The stock was sold at an average price of $15.19, for a total value of $379,750.00.
• On Monday, April 6th, Kurtis Joseph Binder sold 25,000 shares of Arlo Technologies stock. The shares were sold at an average price of $13.99, for a total value of $349,750.00.
• On Thursday, March 12th, Kurtis Joseph Binder sold 179,419 shares of Arlo Technologies stock. The shares were sold at an average price of $13.78, for a total value of $2,472,393.82.
• 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 Tuesday, March 3rd, Kurtis Joseph Binder sold 12,539 shares of Arlo Technologies stock. The shares were sold at an average price of $14.93, for a total transaction of $187,207.27.

Arlo Technologies Price Performance

ARLO opened at $12.96 on Wednesday. The firm has a 50 day simple moving average of $14.23 and a 200 day simple moving average of $14.15. Arlo Technologies, Inc. has a fifty-two week low of $11.05 and a fifty-two week high of $19.94. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 48.01 and a beta of 1.60.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $139.73 million. During the same quarter in the prior year, the business posted $0.15 EPS. The firm’s quarterly 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. As a group, analysts expect that Arlo Technologies, Inc. will post 0.16 EPS for the current year.

Arlo Technologies announced that its Board of Directors has authorized a share repurchase plan on Wednesday, March 4th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Raymond James Financial reissued an “outperform” rating and issued a $19.00 price target on shares of Arlo Technologies in a report on Friday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.33.

Hedge Funds Weigh In On Arlo Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in 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 boosted its holdings in shares of 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 buying an additional 1,772,063 shares during the period. Wasatch Advisors LP increased its position in shares of Arlo Technologies by 17.7% during the third quarter. Wasatch Advisors LP now owns 5,505,467 shares of the company’s stock worth $93,318,000 after acquiring an additional 826,587 shares in the last quarter. State Street Corp raised its holdings in shares of Arlo Technologies by 5.3% during the second quarter. State Street Corp now owns 4,272,925 shares of the company’s stock worth $72,469,000 after acquiring an additional 215,867 shares during the period. Finally, Rice Hall James & Associates LLC raised its holdings in shares of Arlo Technologies by 2.9% during the fourth quarter. Rice Hall James & Associates LLC now owns 3,576,612 shares of the company’s stock worth $50,037,000 after acquiring an additional 100,831 shares during the period. 83.18% of the stock is currently owned by institutional investors and hedge funds.

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.