Kurtis Joseph Binder Sells 135,494 Shares of Arlo Technologies (NYSE:ARLO) Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 135,494 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $16.89, for a total transaction of $2,288,493.66. Following the completion of the transaction, the chief financial officer directly owned 467,681 shares of the company’s stock, valued at approximately $7,899,132.09. This represents a 22.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, September 29th, Kurtis Joseph Binder sold 81,440 shares of Arlo Technologies stock. The stock was sold at an average price of $17.04, for a total transaction of $1,387,737.60.
• On Friday, August 8th, Kurtis Joseph Binder sold 113,912 shares of Arlo Technologies stock. The stock was sold at an average price of $18.56, for a total transaction of $2,114,206.72.

Arlo Technologies Stock Performance

NYSE ARLO opened at $16.93 on Thursday. The company has a fifty day moving average of $17.16 and a 200-day moving average of $14.52. Arlo Technologies, Inc. has a 52-week low of $7.84 and a 52-week high of $19.25. The company has a market capitalization of $1.77 billion, a P/E ratio of -241.77 and a beta of 1.72.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. Arlo Technologies had a negative return on equity of 6.69% and a negative net margin of 1.38%.The firm had revenue of $129.41 million during the quarter, compared to analyst estimates of $123.33 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. As a group, analysts forecast that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Arlo Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Amalgamated Bank increased its holdings in Arlo Technologies by 2.4% in the 2nd quarter. Amalgamated Bank now owns 29,265 shares of the company’s stock worth $496,000 after buying an additional 692 shares in the last quarter. Bank of Montreal Can increased its holdings in Arlo Technologies by 5.4% in the 2nd quarter. Bank of Montreal Can now owns 15,694 shares of the company’s stock worth $266,000 after buying an additional 810 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Arlo Technologies by 9.0% in the second quarter. Ameritas Investment Partners Inc. now owns 10,155 shares of the company’s stock worth $172,000 after acquiring an additional 838 shares during the period. Rhumbline Advisers grew its stake in shares of Arlo Technologies by 0.3% in the first quarter. Rhumbline Advisers now owns 270,199 shares of the company’s stock worth $2,667,000 after acquiring an additional 861 shares during the period. Finally, Yousif Capital Management LLC grew its stake in shares of Arlo Technologies by 2.5% in the second quarter. Yousif Capital Management LLC now owns 38,479 shares of the company’s stock worth $653,000 after acquiring an additional 954 shares during the period. 83.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ARLO has been the subject of a number of recent research reports. 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 report on Friday, August 8th. Raymond James Financial restated an “outperform” rating and issued a $22.00 price objective (up from $15.00) on shares of Arlo Technologies in a report on Friday, August 8th. Zacks Research raised shares of Arlo Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. Wall Street Zen raised shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 21st. Finally, BWS Financial reissued a “buy” rating and issued a $26.00 target price (up previously from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $23.00.

About Arlo Technologies

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.