Insider Selling: Arlo Technologies (NYSE:ARLO) CFO Sells 135,494 Shares of Stock

Key Points

• Kurtis Joseph Binder, CFO of Arlo Technologies, sold 135,494 shares at an average price of $16.89, totaling approximately $2.29 million, marking a 22.46% decrease in his ownership of the stock.
• Arlo Technologies has a market capitalization of $1.77 billion and recently reported earnings of $0.17 EPS, surpassing the consensus estimate of $0.15.
• Analysts have shown optimism towards Arlo Technologies, with multiple firms upgrading their ratings and raising price targets, with a consensus price target now set at $23.00.

Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) CFO Kurtis Joseph Binder sold 135,494 shares of the firm's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $16.89, for a total transaction of $2,288,493.66. Following the completion of the transaction, the chief financial officer owned 467,681 shares in the company, valued at $7,899,132.09. The trade was a 22.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 shares were 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 transaction of $2,114,206.72.

Arlo Technologies Stock Performance

Arlo Technologies stock traded down $0.19 during trading hours on Tuesday, hitting $16.95. 1,283,449 shares of the stock were exchanged, compared to its average volume of 1,133,209. The stock has a market capitalization of $1.77 billion, a P/E ratio of -242.11 and a beta of 1.75. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $19.25. The business's 50-day moving average is $17.15 and its two-hundred day moving average is $14.49.

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. The business had revenue of $129.41 million for 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%.Arlo Technologies's revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. On average, equities analysts predict that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. BWS Financial restated a "buy" rating and set a $26.00 price target (up from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. 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 report on Friday, August 8th. Wall Street Zen upgraded shares of Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research report on Sunday, September 21st. Zacks Research raised shares of Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Finally, Raymond James Financial reissued an "outperform" rating and set a $22.00 price target (up from $15.00) on shares of Arlo Technologies in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $23.00.

Institutional Investors Weigh In On Arlo Technologies

Several hedge funds have recently bought and sold shares of ARLO. Wasatch Advisors LP raised its holdings in Arlo Technologies by 30.1% in 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 period. Divisadero Street Capital Management LP raised its holdings in Arlo Technologies by 778.6% in 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 period. Goldman Sachs Group Inc. raised its holdings in Arlo Technologies by 115.1% in 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 period. Marshall Wace LLP raised its holdings in Arlo Technologies by 110.3% in 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 period. Finally, Nuveen LLC acquired a new stake in Arlo Technologies in the first quarter worth $6,298,000. 83.18% of the stock is currently owned by institutional investors and hedge funds.

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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