Arlo Technologies (NYSE:ARLO) Stock Price Down 10% – Time to Sell?

Shares of Arlo Technologies, Inc. (NYSE:ARLO) dropped 10% on Friday . The stock traded as low as $14.91 and last traded at $15.2430. Approximately 135,562 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,111,755 shares. The stock had previously closed at $16.94.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ARLO shares. Raymond James Financial reissued an “outperform” rating and set a $22.00 price objective (up previously from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Arlo Technologies in a research report on Wednesday, October 8th. BWS Financial reissued a “buy” rating and set a $26.00 price objective (up previously from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. Craig Hallum raised their target price on shares of Arlo Technologies from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Zacks Research lowered shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Arlo Technologies has a consensus rating of “Hold” and an average price target of $23.00.

Arlo Technologies Stock Down 12.1%

The firm’s fifty day simple moving average is $17.76 and its 200-day simple moving average is $16.15. The firm has a market capitalization of $1.55 billion, a PE ratio of 496.67 and a beta of 1.69.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $139.53 million for the quarter, compared to analysts’ expectations of $138.69 million. Arlo Technologies had a return on equity of 2.10% and a net margin of 0.84%.The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. Arlo Technologies has set its Q4 2025 guidance at 0.130-0.190 EPS. As a group, analysts predict that Arlo Technologies, Inc. will post -0.29 earnings per share for the current year.

Insiders Place Their Bets

In related news, General Counsel Brian Busse sold 9,171 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $16.99, for a total transaction of $155,815.29. Following the transaction, the general counsel owned 669,376 shares in the company, valued at $11,372,698.24. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Blake Mcrae sold 520,557 shares of Arlo Technologies stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $17.40, for a total transaction of $9,057,691.80. Following the completion of the sale, the chief executive officer directly owned 1,621,835 shares of the company’s stock, valued at approximately $28,219,929. This trade represents a 24.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 912,405 shares of company stock valued at $15,764,818. 5.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Arlo Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Amalgamated Bank grew its stake in shares of Arlo Technologies by 2.4% in the 2nd quarter. Amalgamated Bank now owns 29,265 shares of the company’s stock worth $496,000 after buying an additional 692 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Arlo Technologies by 2.3% in the 3rd quarter. Arizona State Retirement System now owns 30,597 shares of the company’s stock valued at $519,000 after acquiring an additional 702 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Arlo Technologies by 86.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock worth $28,000 after acquiring an additional 747 shares in the last quarter. Bank of Montreal Can increased its stake in Arlo Technologies by 5.4% during the second quarter. Bank of Montreal Can now owns 15,694 shares of the company’s stock worth $266,000 after acquiring an additional 810 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in Arlo Technologies by 9.0% during the second quarter. Ameritas Investment Partners Inc. now owns 10,155 shares of the company’s stock worth $172,000 after acquiring an additional 838 shares during the last quarter. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

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.