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

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 65,000 shares of Arlo Technologies stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $15.70, for a total transaction of $1,020,500.00. Following the sale, the chief financial officer owned 499,885 shares in the company, valued at $7,848,194.50. This represents a 11.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 shares were sold at an average price of $15.19, for a total transaction 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 transaction 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 transaction 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 transaction of $146,038.15.
• On Tuesday, March 3rd, Kurtis Joseph Binder sold 12,539 shares of Arlo Technologies stock. The stock was sold at an average price of $14.93, for a total transaction of $187,207.27.

Arlo Technologies Price Performance

Shares of NYSE:ARLO traded down $1.63 during midday trading on Monday, reaching $13.62. The company had a trading volume of 2,846,897 shares, compared to its average volume of 1,402,903. The stock’s fifty day moving average price is $14.20 and its 200-day moving average price is $14.24. The stock has a market capitalization of $1.48 billion, a P/E ratio of 50.43 and a beta of 1.60. Arlo Technologies, Inc. has a one year low of $11.05 and a one year high of $19.94.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $150.38 million during the quarter, compared to analyst estimates of $139.73 million. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The business’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. As a group, sell-side analysts forecast that Arlo Technologies, Inc. will post 0.16 earnings per share for the current year.

Arlo Technologies declared that its board has approved a share repurchase program on Wednesday, March 4th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Arlo Technologies

Hedge funds have recently added to or reduced their stakes in the business. Brandes Investment Partners LP boosted its holdings in shares of Arlo Technologies by 27.6% during the fourth quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock valued at $114,700,000 after acquiring an additional 1,772,063 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Arlo Technologies by 778.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,884,616 shares of the company’s stock valued at $31,944,000 after acquiring an additional 1,670,156 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Arlo Technologies by 30.1% during the second quarter. Wasatch Advisors LP now owns 4,678,880 shares of the company’s stock valued at $79,354,000 after acquiring an additional 1,082,443 shares during the period. Marshall Wace LLP boosted its holdings in shares of Arlo Technologies by 69.1% during the third quarter. Marshall Wace LLP now owns 2,554,457 shares of the company’s stock valued at $43,298,000 after acquiring an additional 1,043,854 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Arlo Technologies by 115.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company’s stock valued at $15,325,000 after acquiring an additional 830,770 shares during the period. Institutional investors and hedge funds own 83.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings raised shares of Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, March 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $19.00 price objective on shares of Arlo Technologies in a report on Friday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.33.

About Arlo Technologies

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.