Kurtis Joseph Binder Sells 9,665 Shares of Arlo Technologies (NYSE:ARLO) Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 9,665 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $15.11, for a total transaction of $146,038.15. Following the completion of the sale, the chief financial officer owned 460,970 shares in the company, valued at approximately $6,965,256.70. The trade was a 2.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

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

Arlo Technologies Price Performance

NYSE ARLO opened at $13.90 on Friday. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 106.93 and a beta of 1.65. The company’s fifty day moving average is $13.14 and its two-hundred day moving average is $15.24. 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 quarterly earnings data on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. Arlo Technologies had a net margin of 2.82% and a return on equity of 10.76%. The company had revenue of $141.30 million for the quarter, compared to the consensus estimate of $135.57 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The business’s 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. As a group, sell-side analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Arlo Technologies declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, March 4th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Arlo Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its holdings in shares of Arlo Technologies by 86.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock worth $28,000 after purchasing an additional 747 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Arlo Technologies by 763.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock valued at $28,000 after buying an additional 1,748 shares during the last quarter. Quarry LP raised its holdings in shares of Arlo Technologies by 42.0% in the third quarter. Quarry LP now owns 2,649 shares of the company’s stock valued at $45,000 after buying an additional 783 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Arlo Technologies by 161.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,220 shares of the company’s stock worth $55,000 after buying an additional 1,988 shares in the last quarter. Finally, Strs Ohio bought a new stake in Arlo Technologies during the 1st quarter worth about $66,000. 83.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARLO has been the topic of several recent research reports. Weiss Ratings lowered Arlo Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Zacks Research lowered Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, BWS Financial restated a “buy” rating and issued a $26.00 target price on shares of Arlo Technologies in a research note on Tuesday, November 11th. 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. According to data from MarketBeat, Arlo Technologies has an average rating of “Hold” and a consensus 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.