Insider Selling: Arlo Technologies (NYSE:ARLO) CFO Sells 55,043 Shares of Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 55,043 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $13.69, for a total value of $753,538.67. Following the completion of the sale, the chief financial officer directly owned 460,970 shares in the company, valued at $6,310,679.30. This represents a 10.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, October 15th, Kurtis Joseph Binder sold 51,668 shares of Arlo Technologies stock. The shares were sold at an average price of $17.82, for a total transaction of $920,723.76.

Arlo Technologies Stock Down 1.7%

Arlo Technologies stock traded down $0.24 during midday trading on Friday, reaching $13.60. The company’s stock had a trading volume of 1,400,873 shares, compared to its average volume of 1,303,156. The company has a market cap of $1.44 billion, a P/E ratio of 453.45 and a beta of 1.64. The business has a 50-day simple moving average of $14.49 and a 200-day simple moving average of $16.26. Arlo Technologies, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $19.94.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. BWS Financial restated a “buy” rating and set a $26.00 target price on shares of Arlo Technologies in a research report on Tuesday, November 11th. Zacks Research cut shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arlo Technologies in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Hedge Funds Weigh In On Arlo Technologies

A number of large investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new position in shares of Arlo Technologies in the 1st quarter valued at about $396,000. Voya Investment Management LLC grew its position in Arlo Technologies by 160.2% during the third quarter. Voya Investment Management LLC now owns 273,250 shares of the company’s stock worth $4,632,000 after buying an additional 168,248 shares during the period. S Squared Technology LLC increased its holdings in Arlo Technologies by 11.8% in the second quarter. S Squared Technology LLC now owns 519,767 shares of the company’s stock valued at $8,815,000 after buying an additional 54,727 shares in the last quarter. G2 Investment Partners Management LLC acquired a new stake in shares of Arlo Technologies during the 2nd quarter valued at approximately $2,205,000. Finally, Hillsdale Investment Management Inc. lifted its position in shares of Arlo Technologies by 31.9% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 338,082 shares of the company’s stock valued at $5,734,000 after acquiring an additional 81,800 shares during the period. 83.18% of the stock is owned by hedge funds and other institutional investors.

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.