Arlo Technologies (NYSE:ARLO) General Counsel Sells $155,815.29 in Stock

Key Points

• Arlo Technologies' General Counsel, Brian Busse, sold 9,171 shares of the company for a total of $155,815.29, reducing their ownership by 1.35%.
• The stock of Arlo Technologies, Inc. is currently trading at $17.06, with a market capitalization of $1.78 billion and a 12-month high of $19.25.
• Equities analysts have set a consensus price target of $23.00 for Arlo Technologies, with some analysts upgrading their ratings to "strong-buy."

Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) General Counsel Brian Busse sold 9,171 shares of the firm's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $16.99, for a total value of $155,815.29. Following the completion of the sale, the general counsel directly owned 669,376 shares of the company's stock, valued at $11,372,698.24. This represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Arlo Technologies Stock Performance

NYSE:ARLO traded up $0.14 during trading hours on Thursday, reaching $17.06. The stock had a trading volume of 1,051,351 shares, compared to its average volume of 1,365,430. The stock has a 50 day simple moving average of $17.18 and a 200 day simple moving average of $14.56. Arlo Technologies, Inc. has a 12-month low of $7.84 and a 12-month high of $19.25. The stock has a market cap of $1.78 billion, a P/E ratio of -243.61 and a beta of 1.72.

Arlo Technologies (NYSE:ARLO - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. The business 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 period last year, the business posted $0.10 earnings per share. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. On average, equities analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arlo Technologies

Large investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted its stake in Arlo Technologies by 30.1% during the second quarter. Wasatch Advisors LP now owns 4,678,880 shares of the company's stock worth $79,354,000 after purchasing an additional 1,082,443 shares during the last quarter. Divisadero Street Capital Management LP lifted its stake in Arlo Technologies by 778.6% during the second quarter. Divisadero Street Capital Management LP now owns 1,150,943 shares of the company's stock worth $19,520,000 after purchasing an additional 1,019,945 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Arlo Technologies by 115.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company's stock worth $15,325,000 after purchasing an additional 830,770 shares during the last quarter. Marshall Wace LLP lifted its stake in Arlo Technologies by 110.3% during the second quarter. Marshall Wace LLP now owns 1,510,603 shares of the company's stock worth $25,620,000 after purchasing an additional 792,294 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Arlo Technologies during the first quarter worth about $6,298,000. Institutional investors own 83.18% of the company's stock.

Analysts Set New Price Targets

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