Kurtis Joseph Binder Sells 179,419 Shares of Arlo Technologies (NYSE:ARLO) Stock

Key Points

• CFO Kurtis Joseph Binder sold 179,419 shares of Arlo on March 12 at an average price of $13.78 (totaling ~$2.47M), reducing his stake by 22.59% to 614,885 shares, according to an SEC filing.
• Arlo approved a $50 million share repurchase (about 3.1% of outstanding shares) and recently beat quarterly estimates with $0.22 EPS (vs. $0.16 expected) and revenue up 16.2% year-over-year; Q1 guidance is $0.170–$0.230 EPS.
• The stock trades around $13.50 with a $1.44B market cap and high institutional ownership (~83%), and analysts have a consensus rating of "Moderate Buy" with an average price target of $23.33.

Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) CFO Kurtis Joseph Binder sold 179,419 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $13.78, for a total value of $2,472,393.82. Following the completion of the transaction, the chief financial officer directly owned 614,885 shares of the company's stock, valued at $8,473,115.30. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, March 4th, Kurtis Joseph Binder sold 9,665 shares of Arlo Technologies stock. The shares were sold at an average price of $15.11, for a total value of $146,038.15.
• On Tuesday, March 3rd, Kurtis Joseph Binder sold 12,539 shares of Arlo Technologies stock. The stock was sold at an average price of $14.93, for a total value of $187,207.27.
• On Friday, January 9th, Kurtis Joseph Binder sold 55,043 shares of Arlo Technologies stock. The stock was sold at an average price of $13.69, for a total value of $753,538.67.

Arlo Technologies Stock Performance

Shares of NYSE:ARLO traded down $0.51 on Thursday, hitting $13.50. The company's stock had a trading volume of 1,869,713 shares, compared to its average volume of 1,694,865. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 127.36 and a beta of 1.65. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $19.94. The stock's 50-day moving average is $13.12 and its two-hundred day moving average is $15.15.

Arlo Technologies (NYSE:ARLO - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.06. The business had revenue of $141.30 million for the quarter, compared to analysts' expectations of $135.57 million. Arlo Technologies had a net margin of 2.82% and a return on equity of 10.76%. The company's revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. Equities analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Arlo Technologies announced that its board has approved a share repurchase program on Wednesday, March 4th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ARLO. AQR Capital Management LLC raised its position in Arlo Technologies by 28.8% in the first quarter. AQR Capital Management LLC now owns 406,688 shares of the company's stock worth $4,014,000 after acquiring an additional 90,970 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Arlo Technologies by 15.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 171,986 shares of the company's stock valued at $1,698,000 after purchasing an additional 23,068 shares in the last quarter. Millennium Management LLC grew its stake in shares of Arlo Technologies by 116.1% in the 1st quarter. Millennium Management LLC now owns 455,692 shares of the company's stock worth $4,498,000 after purchasing an additional 244,783 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Arlo Technologies by 115.1% in the 1st 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. Finally, Jane Street Group LLC raised its holdings in shares of Arlo Technologies by 279.8% in the 1st quarter. Jane Street Group LLC now owns 292,302 shares of the company's stock worth $2,885,000 after purchasing an additional 215,343 shares in the last quarter. 83.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ARLO shares. Weiss Ratings upgraded shares of Arlo Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, March 6th. Zacks Research lowered shares of Arlo Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.33.

Arlo Technologies Company Profile

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.

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