Insider Selling: Arlo Technologies (NYSE:ARLO) CFO Sells 81,440 Shares of Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 81,440 shares of the business’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $17.04, for a total transaction of $1,387,737.60. Following the transaction, the chief financial officer directly owned 603,175 shares in the company, valued at approximately $10,278,102. The trade was a 11.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, September 30th, Kurtis Joseph Binder sold 135,494 shares of Arlo Technologies stock. The stock was sold at an average price of $16.89, for a total transaction of $2,288,493.66.
• 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 Price Performance

Shares of ARLO stock opened at $16.93 on Thursday. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $19.25. The firm has a market capitalization of $1.77 billion, a P/E ratio of -241.77 and a beta of 1.72. The company’s fifty day moving average price is $17.16 and its two-hundred day moving average price is $14.52.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.17 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 business had revenue of $129.41 million for the quarter, compared to analysts’ expectations of $123.33 million. During the same quarter in the previous year, the firm 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. On average, sell-side analysts anticipate that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

Institutional Trading of Arlo Technologies

Large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Arlo Technologies in the 1st quarter worth about $123,000. Allspring Global Investments Holdings LLC increased its stake in shares of Arlo Technologies by 24.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 53,081 shares of the company’s stock valued at $518,000 after purchasing an additional 10,448 shares during the period. GAMMA Investing LLC increased its stake in shares of Arlo Technologies by 40.9% in the first quarter. GAMMA Investing LLC now owns 7,212 shares of the company’s stock valued at $71,000 after purchasing an additional 2,095 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Arlo Technologies by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 720,618 shares of the company’s stock valued at $7,113,000 after purchasing an additional 15,811 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Arlo Technologies by 21.5% in the first quarter. SG Americas Securities LLC now owns 33,130 shares of the company’s stock valued at $327,000 after purchasing an additional 5,862 shares during the period. Institutional investors and hedge funds own 83.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. BWS Financial reaffirmed a “buy” rating and issued a $26.00 target price (up from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. Zacks Research upgraded shares of Arlo Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. Raymond James Financial restated an “outperform” rating and issued a $22.00 target price (up previously from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. Craig Hallum upped their price objective on Arlo Technologies from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 21st. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $23.00.

Arlo Technologies Company Profile

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.