Arlo Technologies (NYSE:ARLO) Share Price Breaks Above 50-Day Moving Average – Here’s What Happened

Arlo Technologies, Inc. (NYSE:ARLO)’s share price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $12.91 and traded as high as $13.50. Arlo Technologies shares last traded at $13.0640, with a volume of 2,611,587 shares traded.

Arlo Technologies News Summary

Here are the key news stories impacting Arlo Technologies this week:

• Positive Sentiment: Arlo’s board authorized a $100 million buyback of the company’s common stock. The program signals management’s confidence in Arlo’s valuation and could support earnings per share by reducing the number of shares outstanding. The announcement was the key catalyst behind the stock’s advance. Arlo Technologies stock rises on $100M buyback program Arlo Technologies Board Approves $100 Million Share Buyback Program
• Positive Sentiment: Multiple reports highlighted the repurchase authorization as the reason ARLO shares “skyrocketed,” reinforcing that investors viewed the capital-return plan favorably. The buyback may also provide a floor for the stock if the company executes purchases during periods of weakness. Arlo Technologies announces $100 million stock repurchase program
• Neutral Sentiment: Arlo announced equity awards for newly hired employees under its 2018 Equity Incentive Plan, pursuant to NYSE Rule 303A.08. The grants are intended to support recruitment and retention, though new equity awards can modestly increase potential share dilution over time. Arlo Technologies Announces Inducement Awards Under NYSE Rule 303A.08

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Piper Sandler decreased their price objective on shares of Arlo Technologies from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 20th. Wall Street Zen upgraded shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 10th. Weiss Ratings cut Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Finally, William Blair started coverage on Arlo Technologies in a report on Tuesday, July 7th. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Arlo Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $20.20.

Arlo Technologies Trading Up 5.5%

The company has a 50-day simple moving average of $12.91 and a two-hundred day simple moving average of $13.37.

Arlo Technologies (NYSE:ARLO) last posted its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. The firm had revenue of $155.94 million for the quarter, compared to analysts’ expectations of $148.94 million. During the same quarter last year, the company posted $0.17 EPS. The firm’s revenue was up 20.5% on a year-over-year basis. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. On average, equities research analysts anticipate that Arlo Technologies, Inc. will post 0.12 earnings per share for the current year.

Insiders Place Their Bets

In other Arlo Technologies news, CFO Kurtis Binder sold 13,358 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $12.58, for a total transaction of $168,043.64. Following the completion of the transaction, the chief financial officer owned 345,541 shares of the company’s stock, valued at approximately $4,346,905.78. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 137,837 shares of company stock valued at $1,836,543 over the last 90 days. 2.90% of the stock is owned by corporate insiders.

Institutional Trading of Arlo Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Arlo Technologies in the 2nd quarter worth approximately $235,992,000. Wasatch Advisors LP boosted its position in Arlo Technologies by 9.0% in the second quarter. Wasatch Advisors LP now owns 5,915,935 shares of the company’s stock worth $79,747,000 after purchasing an additional 489,668 shares during the last quarter. Rice Hall James & Associates LLC raised its position in Arlo Technologies by 2.3% in the first quarter. Rice Hall James & Associates LLC now owns 3,659,888 shares of the company’s stock worth $52,080,000 after acquiring an additional 83,276 shares during the period. Jupiter Topco LLC bought a new stake in Arlo Technologies during the second quarter valued at about $34,557,000. Finally, Primecap Management Co. CA purchased a new stake in Arlo Technologies in the 2nd quarter worth approximately $26,183,000. 83.18% of the stock is owned by hedge funds and other institutional investors.

About Arlo Technologies

Arlo Technologies, Inc is a smart home security company that develops connected devices and cloud-based services designed to help consumers monitor and protect their homes, businesses and other properties. Its product portfolio includes wire-free and wired security cameras, video doorbells, floodlight cameras, home security systems and related accessories.

Arlo’s products typically connect through mobile applications and cloud services, providing features such as live video, motion detection, two-way audio, night vision and notifications.