Brian Busse Sells 18,841 Shares of Arlo Technologies (NYSE:ARLO) Stock

Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Brian Busse sold 18,841 shares of Arlo Technologies stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $13.69, for a total transaction of $257,933.29. Following the completion of the transaction, the general counsel directly owned 551,014 shares in the company, valued at approximately $7,543,381.66. The trade was a 3.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, November 14th, Brian Busse sold 149,521 shares of Arlo Technologies stock. The stock was sold at an average price of $14.37, for a total transaction of $2,148,616.77.

Arlo Technologies Stock Down 1.7%

Shares of NYSE:ARLO opened at $13.60 on Friday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 453.45 and a beta of 1.64. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $19.94. The company’s fifty day simple moving average is $14.37 and its 200 day simple moving average is $16.24.

Arlo Technologies (NYSE:ARLO) last announced its earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $139.53 million during the quarter, compared to analyst estimates of $138.69 million. Arlo Technologies had a net margin of 0.84% and a return on equity of 2.00%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. Arlo Technologies has set its Q4 2025 guidance at 0.130-0.190 EPS. Research analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Institutional Trading of Arlo Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARLO. SG Americas Securities LLC grew its holdings in Arlo Technologies by 23.5% during the fourth quarter. SG Americas Securities LLC now owns 46,246 shares of the company’s stock worth $647,000 after purchasing an additional 8,815 shares during the period. Tudor Investment Corp ET AL lifted its position in shares of Arlo Technologies by 375.1% in the third quarter. Tudor Investment Corp ET AL now owns 245,288 shares of the company’s stock valued at $4,158,000 after buying an additional 193,662 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Arlo Technologies in the third quarter valued at approximately $180,000. Castleark Management LLC boosted its stake in shares of Arlo Technologies by 107.2% during the 3rd quarter. Castleark Management LLC now owns 428,321 shares of the company’s stock worth $7,260,000 after acquiring an additional 221,641 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Arlo Technologies by 5.6% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 122,353 shares of the company’s stock worth $2,096,000 after acquiring an additional 6,492 shares during the last quarter. 83.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ARLO shares. Wall Street Zen upgraded Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. BWS Financial reiterated a “buy” rating and issued a $26.00 price objective on shares of Arlo Technologies in a report on Tuesday, November 11th. Zacks Research cut shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Arlo Technologies in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.00.

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.