Arlo Technologies (NYSE:ARLO) CFO Kurtis Joseph Binder Sells 51,668 Shares

Key Points

• Kurtis Joseph Binder, CFO of Arlo Technologies, sold 51,668 shares at an average price of $17.82, totaling approximately $920,723.76, representing an 11.05% decrease in his position.
• Arlo Technologies has a market cap of $1.85 billion and recently reported better-than-expected earnings, with revenue of $129.41 million for the last quarter.
• Multiple analysts hold varying ratings on the stock, with one firm upgrading it to a "strong-buy" rating and another reiterating a "buy" rating with an increased target price of $26.00.

Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) CFO Kurtis Joseph Binder sold 51,668 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $17.82, for a total value of $920,723.76. Following the transaction, the chief financial officer owned 416,013 shares of the company's stock, valued at approximately $7,413,351.66. This trade represents a 11.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, September 30th, Kurtis Joseph Binder sold 135,494 shares of Arlo Technologies stock. The shares were sold at an average price of $16.89, for a total value of $2,288,493.66.
• 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 value of $1,387,737.60.
• On Friday, August 8th, Kurtis Joseph Binder sold 113,912 shares of Arlo Technologies stock. The stock was sold at an average price of $18.56, for a total value of $2,114,206.72.

Arlo Technologies Price Performance

Shares of ARLO traded down $0.21 during mid-day trading on Thursday, hitting $17.69. 595,404 shares of the company's stock were exchanged, compared to its average volume of 1,117,289. Arlo Technologies, Inc. has a 52 week low of $7.84 and a 52 week high of $19.25. The company has a market cap of $1.85 billion, a PE ratio of -252.68 and a beta of 1.72. The company has a 50-day simple moving average of $17.38 and a 200 day simple moving average of $14.98.

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

Institutional Investors Weigh In On Arlo Technologies

Several hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its position in shares of Arlo Technologies by 161.4% in the second quarter. First Horizon Advisors Inc. now owns 3,220 shares of the company's stock valued at $55,000 after purchasing an additional 1,988 shares during the last quarter. Strs Ohio bought a new position in Arlo Technologies during the 1st quarter worth $66,000. GAMMA Investing LLC lifted its holdings in shares of Arlo Technologies by 40.9% during the first quarter. GAMMA Investing LLC now owns 7,212 shares of the company's stock worth $71,000 after buying an additional 2,095 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Arlo Technologies by 1,682.9% in the second quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company's stock valued at $95,000 after acquiring an additional 5,301 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Arlo Technologies by 75,255.6% in the third quarter. Farther Finance Advisors LLC now owns 6,782 shares of the company's stock valued at $115,000 after acquiring an additional 6,773 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ARLO. Wall Street Zen upgraded Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 11th. Raymond James Financial reissued an "outperform" rating and issued a $22.00 target price (up from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Arlo Technologies in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Arlo Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 7th. Finally, BWS Financial reiterated a "buy" rating and issued a $26.00 target price (up from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.

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