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 company’s stock in a transaction dated 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 sale, the chief financial officer directly owned 467,681 shares of the company’s stock, valued at $7,899,132.09. The trade was a 22.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $18.56, for a total value of $2,114,206.72.

Arlo Technologies Stock Down 0.1%

ARLO stock opened at $16.93 on Thursday. The firm has a market cap of $1.77 billion, a PE ratio of -241.77 and a beta of 1.72. The business has a 50 day moving average of $17.16 and a 200-day moving average of $14.52. Arlo Technologies, Inc. has a 12-month low of $7.84 and a 12-month high of $19.25.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $129.41 million during the quarter, compared to the consensus estimate of $123.33 million. Arlo Technologies had a negative return on equity of 6.69% and a negative net margin of 1.38%.The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. On average, research analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

Hedge Funds Weigh In On Arlo Technologies

Large investors have recently made changes to their positions in the stock. Millennium Management LLC boosted its stake in Arlo Technologies by 131.6% in the 4th quarter. Millennium Management LLC now owns 210,909 shares of the company’s stock worth $2,360,000 after purchasing an additional 119,834 shares during the period. Two Sigma Advisers LP bought a new position in shares of Arlo Technologies in the fourth quarter valued at approximately $166,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Arlo Technologies by 47.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,355 shares of the company’s stock valued at $1,985,000 after acquiring an additional 56,799 shares during the period. Mackenzie Financial Corp boosted its position in shares of Arlo Technologies by 28.6% in the fourth quarter. Mackenzie Financial Corp now owns 80,397 shares of the company’s stock valued at $900,000 after acquiring an additional 17,892 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Arlo Technologies by 1.3% in the fourth quarter. California State Teachers Retirement System now owns 93,320 shares of the company’s stock valued at $1,044,000 after acquiring an additional 1,232 shares during the period. 83.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BWS Financial restated a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. Zacks Research raised Arlo Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, August 25th. Wall Street Zen raised Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 21st. Raymond James Financial reissued an “outperform” rating and set a $22.00 price objective (up from $15.00) on shares of Arlo Technologies in a report on Friday, August 8th. Finally, Craig Hallum increased their price target on Arlo Technologies from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target 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.