Arlo Technologies (NYSE:ARLO) CFO Sells $1,035,144.84 in Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Binder sold 83,211 shares of the company’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $12.44, for a total transaction of $1,035,144.84. Following the sale, the chief financial officer directly owned 358,899 shares in the company, valued at $4,464,703.56. This represents a 18.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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.

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

• On Tuesday, September 29th, Kurtis Binder sold 13,358 shares of Arlo Technologies stock. The shares were sold at an average price of $12.58, for a total transaction of $168,043.64.
• On Tuesday, August 4th, Kurtis Binder sold 27,297 shares of Arlo Technologies stock. The stock was sold at an average price of $15.52, for a total value of $423,649.44.
• On Monday, August 3rd, Kurtis Binder sold 13,971 shares of Arlo Technologies stock. The stock was sold at an average price of $15.01, for a total value of $209,704.71.
• On Monday, July 6th, Kurtis Binder sold 16,507 shares of Arlo Technologies stock. The shares were sold at an average price of $12.83, for a total value of $211,784.81.

Arlo Technologies Stock Down 1.2%

ARLO stock traded down $0.15 during midday trading on Tuesday, reaching $12.45. 815,325 shares of the company’s stock traded hands, compared to its average volume of 1,345,601. The company has a 50-day simple moving average of $13.70 and a two-hundred day simple moving average of $13.61. Arlo Technologies, Inc. has a 1-year low of $11.05 and a 1-year high of $19.94. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 46.12 and a beta of 1.54.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The company had revenue of $155.94 million for the quarter, compared to analyst estimates of $148.94 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The business’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. Equities research analysts forecast that Arlo Technologies, Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on ARLO. William Blair initiated coverage on shares of Arlo Technologies in a report on Tuesday, July 7th. They set an “outperform” rating on the stock. Piper Sandler upped their target price on shares of Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Wall Street Zen lowered shares of Arlo Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. Finally, Weiss Ratings cut shares of Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.60.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Tidal Investments LLC raised its stake in shares of Arlo Technologies by 11.3% during the second quarter. Tidal Investments LLC now owns 128,332 shares of the company’s stock worth $1,730,000 after buying an additional 13,033 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Arlo Technologies in the second quarter valued at approximately $29,000. Baird Financial Group Inc. grew its holdings in Arlo Technologies by 17.5% during the 2nd quarter. Baird Financial Group Inc. now owns 15,715 shares of the company’s stock worth $212,000 after acquiring an additional 2,341 shares during the period. Amundi raised its position in shares of Arlo Technologies by 17.4% during the 2nd quarter. Amundi now owns 71,228 shares of the company’s stock valued at $960,000 after acquiring an additional 10,577 shares during the last quarter. Finally, AXQ Capital LP bought a new stake in shares of Arlo Technologies during the 2nd quarter valued at $683,000. Institutional investors own 83.18% of the company’s stock.

About Arlo Technologies

Arlo Technologies, Inc develops and sells connected home security products and services. Its portfolio includes wire-free security cameras, video doorbells, floodlight cameras, indoor cameras, and related accessories designed to help consumers monitor and protect their homes and properties.

The company also provides cloud-based services that support video recording, storage, notifications, artificial intelligence-enabled detection, and other security features. Arlo offers subscription plans that provide additional capabilities, including more extensive video history and advanced monitoring features, alongside its hardware products.

Arlo was established as a standalone company following its separation from Netgear in 2018 and is headquartered in Carlsbad, California.