Key Points
- General Counsel Brian Busse sold 149,521 shares on Nov. 14 at an average price of $14.37 for proceeds of $2.15M, cutting his position by 22.34% to 519,855 shares (valued ~ $7.47M).
- ARLO shares traded down to $14.16 with above-average volume and sit below their 50‑day and 200‑day SMAs ($17.48 and $16.29); the company has a market cap of about $1.5B and a P/E near 472.
- Arlo modestly beat Q3 expectations with $0.16 EPS on $139.5M revenue, provided Q4 guidance of $0.13–$0.19 EPS, and carries an analyst consensus of "Moderate Buy" with an average price target of $23.
Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) General Counsel Brian Busse sold 149,521 shares of the firm's stock in a transaction on Friday, November 14th. The stock was sold at an average price of $14.37, for a total transaction of $2,148,616.77. Following the transaction, the general counsel directly owned 519,855 shares of the company's stock, valued at approximately $7,470,316.35. This trade represents a 22.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Brian Busse also recently made the following trade(s):
- On Thursday, October 2nd, Brian Busse sold 9,171 shares of Arlo Technologies stock. The stock was sold at an average price of $16.99, for a total transaction of $155,815.29.
Arlo Technologies Stock Performance
Shares of NYSE:ARLO traded down $0.92 during midday trading on Friday, reaching $14.16. 1,644,748 shares of the company's stock traded hands, compared to its average volume of 1,353,325. The company has a fifty day simple moving average of $17.48 and a two-hundred day simple moving average of $16.29. Arlo Technologies, Inc. has a 1 year low of $7.84 and a 1 year high of $19.94. The company has a market cap of $1.50 billion, a P/E ratio of 471.99 and a beta of 1.69.
Arlo Technologies (NYSE:ARLO - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. Arlo Technologies had a net margin of 0.84% and a return on equity of 2.00%. The business had revenue of $139.53 million during the quarter, compared to analysts' expectations of $138.69 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The company's quarterly revenue 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 forecast that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.
Institutional Trading of Arlo Technologies
Several institutional investors have recently added to or reduced their stakes in ARLO. Smartleaf Asset Management LLC grew its holdings in shares of Arlo Technologies by 86.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company's stock valued at $28,000 after purchasing an additional 747 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Arlo Technologies by 161.4% during the second quarter. First Horizon Advisors Inc. now owns 3,220 shares of the company's stock worth $55,000 after purchasing an additional 1,988 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Arlo Technologies in the 3rd quarter worth $86,000. EverSource Wealth Advisors LLC raised its holdings in Arlo Technologies by 1,682.9% during 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. Finally, Strs Ohio acquired a new position in Arlo Technologies during the 1st quarter worth approximately $66,000. Institutional investors and hedge funds own 83.18% of the company's stock.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Zacks Research cut shares of Arlo Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 7th. Weiss Ratings upgraded Arlo Technologies from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Friday, November 7th. Wall Street Zen raised Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 11th. Raymond James Financial restated an "outperform" rating and issued a $22.00 target price (up from $15.00) on shares of Arlo Technologies in a report on Friday, August 8th. Finally, BWS Financial reiterated a "buy" rating and set a $26.00 price target on shares of Arlo Technologies in a report on Tuesday. 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.com, Arlo Technologies presently has an average rating of "Moderate Buy" and an average price target of $23.00.
Check Out Our Latest Stock Analysis on ARLO
About Arlo Technologies
(
Get Free Report)
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.
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