Key Points
- Arlo CFO Kurtis Binder sold 13,358 shares at an average price of $12.58, generating $168,043.64. The transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding from vested equity awards, leaving him with 345,541 shares.
- Arlo’s stock opened at $12.45, with a market capitalization of approximately $1.35 billion and a 52-week range of $11.05 to $19.94. The company recently exceeded quarterly earnings and revenue estimates, reporting $0.28 EPS and $155.94 million in revenue.
- Analysts maintain a generally positive view, with five Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $20.60. Institutional investors own approximately 83.18% of the company’s shares.
Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) CFO Kurtis Binder sold 13,358 shares of the firm's stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $12.58, for a total transaction of $168,043.64. Following the completion of the transaction, the chief financial officer owned 345,541 shares in the company, valued at $4,346,905.78. This represents a 3.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Kurtis Joseph Binder also recently made the following trade(s):
- On Monday, September 28th, Kurtis Binder sold 83,211 shares of Arlo Technologies stock. The shares were sold at an average price of $12.44, for a total value of $1,035,144.84.
- On Tuesday, August 4th, Kurtis Binder sold 27,297 shares of Arlo Technologies stock. The shares were sold at an average price of $15.52, for a total value of $423,649.44.
- On Monday, August 3rd, Kurtis Binder sold 13,971 shares of Arlo Technologies stock. The stock was sold at an average price of $15.01, for a total value of $209,704.71.
- On Monday, July 6th, Kurtis Binder sold 16,507 shares of Arlo Technologies stock. The stock was sold at an average price of $12.83, for a total value of $211,784.81.
Arlo Technologies Stock Performance
ARLO opened at $12.45 on Wednesday. The stock has a market capitalization of $1.35 billion, a PE ratio of 46.12 and a beta of 1.54. The stock's 50 day moving average price is $13.69 and its 200-day moving average price is $13.60. Arlo Technologies, Inc. has a 52-week low of $11.05 and a 52-week high of $19.94.
Arlo Technologies (NYSE:ARLO - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.08. The company had revenue of $155.94 million during the quarter, compared to analyst estimates of $148.94 million. Arlo Technologies had a return on equity of 17.29% and a net margin of 5.20%.The firm's revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 earnings per share. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. Research analysts forecast that Arlo Technologies, Inc. will post 0.12 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in ARLO. Tidal Investments LLC grew its stake in shares of Arlo Technologies by 11.3% in the second quarter. Tidal Investments LLC now owns 128,332 shares of the company's stock worth $1,730,000 after acquiring an additional 13,033 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Arlo Technologies in the 2nd quarter worth about $29,000. Baird Financial Group Inc. raised its position in shares of Arlo Technologies by 17.5% in the 2nd quarter. Baird Financial Group Inc. now owns 15,715 shares of the company's stock worth $212,000 after purchasing an additional 2,341 shares during the last quarter. Amundi boosted its stake in Arlo Technologies by 17.4% in the 2nd quarter. Amundi now owns 71,228 shares of the company's stock worth $960,000 after purchasing an additional 10,577 shares in the last quarter. Finally, AXQ Capital LP bought a new position in Arlo Technologies in the 2nd quarter worth about $683,000. Hedge funds and other institutional investors own 83.18% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on ARLO shares. Weiss Ratings cut shares of Arlo Technologies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 3rd. William Blair began coverage on shares of Arlo Technologies in a research note on Tuesday, July 7th. They issued an "outperform" rating for the company. Piper Sandler increased their price target on shares of Arlo Technologies from $17.00 to $18.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, Wall Street Zen lowered shares of Arlo Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 5th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $20.60.
Get Our Latest Analysis on Arlo Technologies
About Arlo Technologies
(
Get Free Report)
Arlo Technologies, Inc develops and sells connected home security products and services. Its portfolio includes wire-free security cameras, video doorbells, floodlight cameras, indoor cameras, and related accessories designed to help consumers monitor and protect their homes and properties.
The company also provides cloud-based services that support video recording, storage, notifications, artificial intelligence-enabled detection, and other security features. Arlo offers subscription plans that provide additional capabilities, including more extensive video history and advanced monitoring features, alongside its hardware products.
Arlo was established as a standalone company following its separation from Netgear in 2018 and is headquartered in Carlsbad, California.
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