Insider Selling: Arlo Technologies (NYSE:ARLO) General Counsel Sells 25,525 Shares of Stock

Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Brian Busse sold 25,525 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $13.78, for a total value of $351,734.50. Following the completion of the sale, the general counsel owned 583,364 shares of the company’s stock, valued at $8,038,755.92. This represents a 4.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, March 3rd, Brian Busse sold 6,966 shares of Arlo Technologies stock. The shares were sold at an average price of $14.93, for a total value of $104,002.38.
• On Friday, February 6th, Brian Busse sold 31,407 shares of Arlo Technologies stock. The stock was sold at an average price of $12.29, for a total value 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 shares were sold at an average price of $12.81, for a total transaction 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 transaction of $257,933.29.

Arlo Technologies Stock Performance

NYSE:ARLO traded down $0.51 during trading hours on Thursday, hitting $13.50. The stock had a trading volume of 1,869,713 shares, compared to its average volume of 1,694,865. The business’s 50 day moving average is $13.12 and its 200-day moving average is $15.15. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 103.82 and a beta of 1.65. Arlo Technologies, Inc. has a one year low of $7.84 and a one year high of $19.94.

Arlo Technologies (NYSE:ARLO) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $135.57 million. During the same period last year, the firm posted $0.10 earnings per share. The business’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. On average, sell-side analysts anticipate that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

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

Analysts Set New Price Targets

ARLO has been the subject of several recent analyst reports. Zacks Research downgraded Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings upgraded Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.33.

Hedge Funds Weigh In On Arlo Technologies

A number of large investors have recently added to or reduced their stakes in ARLO. Brandes Investment Partners LP raised its stake in shares of Arlo Technologies by 27.6% in the 4th quarter. Brandes Investment Partners LP now owns 8,198,707 shares of the company’s stock valued at $114,700,000 after purchasing an additional 1,772,063 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Arlo Technologies by 778.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,884,616 shares of the company’s stock worth $31,944,000 after buying an additional 1,670,156 shares during the period. Wasatch Advisors LP grew its holdings in shares of Arlo Technologies by 30.1% during the second quarter. Wasatch Advisors LP now owns 4,678,880 shares of the company’s stock worth $79,354,000 after buying an additional 1,082,443 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Arlo Technologies by 69.1% during the third quarter. Marshall Wace LLP now owns 2,554,457 shares of the company’s stock worth $43,298,000 after buying an additional 1,043,854 shares in the last quarter. Finally, Divisadero Street Capital Management LP raised its position in Arlo Technologies by 778.6% in the 2nd quarter. Divisadero Street Capital Management LP now owns 1,150,943 shares of the company’s stock valued at $19,520,000 after buying an additional 1,019,945 shares during the last quarter. Institutional investors own 83.18% of the company’s stock.

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.