Insider Selling: Arlo Technologies (NYSE:ARLO) CFO Sells $168,043.64 in Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Binder sold 13,358 shares of the firm’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $12.58, for a total transaction of $168,043.64. Following the completion of the transaction, the chief financial officer directly owned 345,541 shares of the company’s stock, valued at approximately $4,346,905.78. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 Monday, September 28th, Kurtis Binder sold 83,211 shares of Arlo Technologies stock. The shares were sold at an average price of $12.44, for a total transaction of $1,035,144.84.
• On Tuesday, August 4th, Kurtis Binder sold 27,297 shares of Arlo Technologies stock. The shares were sold at an average price of $15.52, for a total transaction of $423,649.44.
• On Monday, August 3rd, Kurtis Binder sold 13,971 shares of Arlo Technologies stock. The shares were sold at an average price of $15.01, for a total transaction of $209,704.71.
• On Monday, July 6th, Kurtis Binder sold 16,507 shares of Arlo Technologies stock. The stock was sold at an average price of $12.83, for a total transaction of $211,784.81.

Arlo Technologies Stock Up 3.0%

Arlo Technologies stock opened at $12.78 on Friday. The company’s 50-day moving average price is $13.68 and its 200-day moving average price is $13.58. Arlo Technologies, Inc. has a twelve month low of $11.05 and a twelve month high of $19.94. The company has a market cap of $1.39 billion, a PE ratio of 47.32 and a beta of 1.60.

Arlo Technologies (NYSE:ARLO) last announced its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.08. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The firm had revenue of $155.94 million for the quarter, compared to analysts’ expectations of $148.94 million. During the same period in the prior year, the company earned $0.17 EPS. The business’s revenue was up 20.5% compared to the same quarter last year. 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. As a group, sell-side analysts expect that Arlo Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

ARLO has been the subject of several analyst reports. Wall Street Zen lowered Arlo Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. William Blair started coverage on Arlo Technologies in a research report on Tuesday, July 7th. They set an “outperform” rating on the stock. Weiss Ratings lowered Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Finally, Piper Sandler raised their price target on Arlo Technologies from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.60.

Hedge Funds Weigh In On Arlo Technologies

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

Arlo Technologies Company Profile

Arlo Technologies, Inc develops connected smart home security products and services. Its portfolio includes wire-free and wired security cameras, video doorbells, floodlight cameras, baby monitors and related accessories designed for residential and small-business use.

The company combines its hardware with cloud-based software and subscription services, including Arlo Secure. These services provide features such as video storage, activity notifications, person, vehicle and package detection, emergency response options and other monitoring and security capabilities, depending on the product and service plan.

Arlo was established as a standalone company following its separation from Netgear and became an independent publicly traded company in 2018.