Kurtis Joseph Binder Sells 55,043 Shares of Arlo Technologies (NYSE:ARLO) Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 55,043 shares of Arlo Technologies stock in a transaction on Friday, January 9th. The shares were sold at an average price of $13.69, for a total value of $753,538.67. Following the completion of the transaction, the chief financial officer owned 460,970 shares in the company, valued at $6,310,679.30. This represents a 10.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, October 15th, Kurtis Joseph Binder sold 51,668 shares of Arlo Technologies stock. The shares were sold at an average price of $17.82, for a total transaction of $920,723.76.

Arlo Technologies Stock Performance

Shares of ARLO stock opened at $13.60 on Friday. The firm has a market cap of $1.44 billion, a P/E ratio of 453.45 and a beta of 1.64. The firm’s 50 day moving average price is $14.37 and its 200-day moving average price is $16.24. Arlo Technologies, Inc. has a one year low of $7.84 and a one year high of $19.94.

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

Institutional Trading of Arlo Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new position in Arlo Technologies in the first quarter valued at $396,000. Voya Investment Management LLC lifted its holdings in Arlo Technologies by 160.2% during the 3rd quarter. Voya Investment Management LLC now owns 273,250 shares of the company’s stock worth $4,632,000 after buying an additional 168,248 shares during the last quarter. S Squared Technology LLC boosted its position in shares of Arlo Technologies by 11.8% during the 2nd quarter. S Squared Technology LLC now owns 519,767 shares of the company’s stock worth $8,815,000 after acquiring an additional 54,727 shares in the last quarter. G2 Investment Partners Management LLC purchased a new position in shares of Arlo Technologies in the 2nd quarter valued at about $2,205,000. Finally, Hillsdale Investment Management Inc. increased its holdings in shares of Arlo Technologies by 31.9% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 338,082 shares of the company’s stock valued at $5,734,000 after acquiring an additional 81,800 shares during the last quarter. Institutional investors and hedge funds own 83.18% of the company’s stock.

Analyst Ratings Changes

ARLO has been the subject of several research reports. BWS Financial reaffirmed a “buy” rating and issued a $26.00 target price on shares of Arlo Technologies in a research report on Tuesday, November 11th. Zacks Research lowered shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arlo Technologies in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

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.