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

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 179,419 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $13.78, for a total transaction of $2,472,393.82. Following the sale, the chief financial officer owned 614,885 shares of the company’s stock, valued at $8,473,115.30. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were 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 Trading Down 3.7%

Shares of NYSE ARLO traded down $0.51 during mid-day trading on Thursday, reaching $13.50. The company had a trading volume of 1,869,713 shares, compared to its average volume of 1,694,865. The company has a 50-day moving average price of $13.12 and a two-hundred day moving average price of $15.15. The stock has a market cap of $1.44 billion, a PE ratio of 127.36 and a beta of 1.65. Arlo Technologies, Inc. has a 1-year low of $7.84 and a 1-year high of $19.94.

Arlo Technologies (NYSE:ARLO) last announced its earnings results on Thursday, February 26th. The company reported $0.22 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $135.57 million. During the same period in the prior year, the business posted $0.10 earnings per share. Arlo Technologies’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. On average, research analysts expect that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

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

Analyst Ratings Changes

Several research analysts have commented on ARLO shares. Zacks Research cut shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings upgraded shares of Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, March 6th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.33.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ARLO. Smartleaf Asset Management LLC boosted its position in Arlo Technologies by 86.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock worth $28,000 after acquiring an additional 747 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Arlo Technologies by 763.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock valued at $28,000 after purchasing an additional 1,748 shares during the period. Quarry LP increased its holdings in shares of Arlo Technologies by 42.0% in the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock valued at $45,000 after purchasing an additional 783 shares during the period. Quadrant Capital Group LLC purchased a new stake in shares of Arlo Technologies in the third quarter worth approximately $86,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of 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 in the last quarter. 83.18% of the stock is owned by institutional investors and hedge funds.

About Arlo Technologies

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.