Arlo Technologies (NYSE:ARLO) Trading Down 4.8% Following Insider Selling

Arlo Technologies, Inc. (NYSE:ARLO)’s share price fell 4.8% on Friday after an insider sold shares in the company. The stock traded as low as $14.42 and last traded at $14.35. 417,221 shares traded hands during trading, a decline of 63% from the average session volume of 1,135,397 shares. The stock had previously closed at $15.07.

Specifically, General Counsel Brian Busse sold 149,521 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $14.37, for a total value of $2,148,616.77. Following the completion of the transaction, the general counsel owned 519,855 shares in the company, valued at $7,470,316.35. This trade represents a 22.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $22.00 price target (up previously from $15.00) on shares of Arlo Technologies in a report on Friday, August 8th. Wall Street Zen upgraded shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. BWS Financial reaffirmed a “buy” rating and issued a $26.00 target price on shares of Arlo Technologies in a report on Tuesday, November 11th. Craig Hallum boosted their price target on Arlo Technologies from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Zacks Research downgraded Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Arlo Technologies Stock Down 6.1%

The stock has a market cap of $1.50 billion, a P/E ratio of 471.99 and a beta of 1.69. The company’s 50 day moving average price is $17.48 and its 200-day moving average price is $16.34.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $139.53 million during the quarter, compared to the consensus estimate of $138.69 million. Arlo Technologies had a return on equity of 2.00% and a net margin of 0.84%.Arlo Technologies’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. Arlo Technologies has set its Q4 2025 guidance at 0.130-0.190 EPS. Equities research analysts anticipate that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

Institutional Trading of Arlo Technologies

Several institutional investors have recently added to or reduced their stakes in ARLO. Amalgamated Bank raised its holdings in Arlo Technologies by 2.4% during the 2nd quarter. Amalgamated Bank now owns 29,265 shares of the company’s stock worth $496,000 after purchasing an additional 692 shares during the last quarter. Arizona State Retirement System increased its position in shares of Arlo Technologies by 2.3% during the third quarter. Arizona State Retirement System now owns 30,597 shares of the company’s stock worth $519,000 after buying an additional 702 shares during the period. Smartleaf Asset Management LLC raised its stake in Arlo Technologies by 86.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock worth $28,000 after buying an additional 747 shares during the last quarter. Bank of Montreal Can raised its stake in Arlo Technologies by 5.4% during the second quarter. Bank of Montreal Can now owns 15,694 shares of the company’s stock worth $266,000 after buying an additional 810 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in Arlo Technologies by 9.0% in the second quarter. Ameritas Investment Partners Inc. now owns 10,155 shares of the company’s stock valued at $172,000 after buying an additional 838 shares during the period. 83.18% of the stock is currently owned by institutional investors.

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.