Kurtis Joseph Binder Sells 81,440 Shares of Arlo Technologies (NYSE:ARLO) Stock

Key Points

• Kurtis Joseph Binder, CFO of Arlo Technologies, sold a total of 81,440 shares on September 29 at an average price of $17.04, decreasing his ownership by 11.90% and retaining 603,175 shares valued at over $10 million.
• The stock has seen a 1.1% decline recently, trading at $16.95 with a market cap of $1.77 billion, and it has ranged between a one-year low of $7.84 and a high of $19.25.
• Several analysts upgraded Arlo Technologies, with price targets ranging from $22.00 to $26.00, indicating a shift towards positive sentiment in the stock's future performance.

Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) CFO Kurtis Joseph Binder sold 81,440 shares of the business's stock in a transaction on Monday, September 29th. The stock was sold at an average price of $17.04, for a total transaction of $1,387,737.60. Following the completion of the sale, the chief financial officer directly owned 603,175 shares of the company's stock, valued at $10,278,102. This represents a 11.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 transaction of $2,288,493.66.
• 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 Down 1.1%

Shares of NYSE:ARLO traded down $0.19 during midday trading on Tuesday, hitting $16.95. 1,283,449 shares of the stock traded hands, compared to its average volume of 1,133,209. The stock has a market capitalization of $1.77 billion, a PE ratio of -242.11 and a beta of 1.75. The business's 50 day moving average is $17.15 and its two-hundred day moving average is $14.49. Arlo Technologies, Inc. has a one year low of $7.84 and a one year high of $19.25.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ARLO shares. Zacks Research upgraded shares of Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. BWS Financial reiterated a "buy" rating and set a $26.00 price target (up previously from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. 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. Craig Hallum boosted their price target on shares of Arlo Technologies from $17.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $22.00 price target (up previously from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Arlo Technologies has an average rating of "Buy" and an average price target of $23.00.

Institutional Investors Weigh In On Arlo Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. grew its holdings in Arlo Technologies by 161.4% in the second quarter. First Horizon Advisors Inc. now owns 3,220 shares of the company's stock worth $55,000 after purchasing an additional 1,988 shares during the period. Strs Ohio purchased a new stake in Arlo Technologies in the first quarter worth about $66,000. GAMMA Investing LLC grew its holdings in Arlo Technologies by 40.9% in the first quarter. GAMMA Investing LLC now owns 7,212 shares of the company's stock worth $71,000 after purchasing an additional 2,095 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Arlo Technologies by 1,682.9% in the second quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company's stock worth $95,000 after purchasing an additional 5,301 shares during the period. Finally, Magnetar Financial LLC purchased a new stake in Arlo Technologies in the first quarter worth about $117,000. Hedge funds and other institutional investors own 83.18% of the company's stock.

About Arlo Technologies

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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