Insider Selling: Arlo Technologies (NYSE:ARLO) General Counsel Sells $104,002.38 in Stock

Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Brian Busse sold 6,966 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $14.93, for a total transaction of $104,002.38. Following the sale, the general counsel owned 558,889 shares in the company, valued at $8,344,212.77. The trade was a 1.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Brian Busse also recently made the following trade(s):

• On Friday, February 6th, Brian Busse sold 31,407 shares of Arlo Technologies stock. The shares were sold at an average price of $12.29, for a total transaction of $385,992.03.
• On Wednesday, February 4th, Brian Busse sold 15,922 shares of Arlo Technologies stock. The stock was sold at an average price of $12.65, for a total value of $201,413.30.
• On Friday, January 30th, Brian Busse sold 8,245 shares of Arlo Technologies stock. The stock was sold at an average price of $12.81, for a total value of $105,618.45.
• On Friday, January 9th, Brian Busse sold 18,841 shares of Arlo Technologies stock. The shares were sold at an average price of $13.69, for a total value of $257,933.29.

Arlo Technologies Stock Performance

NYSE:ARLO opened at $14.23 on Friday. The business’s fifty day moving average is $13.14 and its 200 day moving average is $15.26. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 109.47 and a beta of 1.65. Arlo Technologies, Inc. has a 52-week low of $7.84 and a 52-week high of $19.94.

Arlo Technologies (NYSE:ARLO) last posted its earnings results 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. Arlo Technologies had a return on equity of 10.76% and a net margin of 2.82%.The business had revenue of $141.30 million during the quarter, compared to analyst estimates of $135.57 million. During the same quarter in the previous year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. Equities analysts predict that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

Arlo Technologies declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 4th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Arlo Technologies

A number of hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC raised its position in Arlo Technologies by 28.8% in the 1st quarter. AQR Capital Management LLC now owns 406,688 shares of the company’s stock worth $4,014,000 after purchasing an additional 90,970 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Arlo Technologies by 15.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 171,986 shares of the company’s stock valued at $1,698,000 after buying an additional 23,068 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Arlo Technologies by 116.1% in the first quarter. Millennium Management LLC now owns 455,692 shares of the company’s stock worth $4,498,000 after buying an additional 244,783 shares during the period. Goldman Sachs Group Inc. boosted its position in Arlo Technologies by 115.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company’s stock valued at $15,325,000 after buying an additional 830,770 shares during the period. Finally, Jane Street Group LLC grew its holdings in 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 acquiring an additional 215,343 shares during the last quarter. 83.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ARLO shares. Weiss Ratings downgraded shares of Arlo Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. BWS Financial reiterated a “buy” rating and issued a $26.00 price objective on shares of Arlo Technologies in a research report on Tuesday, November 11th. Finally, Zacks Research cut Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.