Share Repurchase Program Declared by Arlo Technologies (NYSE:ARLO)

Arlo Technologies (NYSE:ARLO) declared that its board has initiated a share buyback plan on Wednesday, March 4th, RTT News reports. The company plans to repurchase $50.00 million in shares. This repurchase authorization allows the company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

ARLO has been the topic of a number of research analyst reports. BWS Financial reissued a “buy” rating and set a $26.00 price objective on shares of Arlo Technologies in a report on Tuesday, November 11th. Weiss Ratings lowered shares of Arlo Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Finally, Zacks Research lowered shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $23.33.

Arlo Technologies Trading Down 5.4%

Arlo Technologies stock opened at $14.23 on Friday. The company has a market cap of $1.52 billion, a PE ratio of 109.47 and a beta of 1.65. Arlo Technologies has a 1 year low of $7.84 and a 1 year high of $19.94. The company’s 50-day moving average is $13.14 and its two-hundred day moving average is $15.26.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. Arlo Technologies had a net margin of 2.82% and a return on equity of 10.76%. The company had revenue of $141.30 million during the quarter, compared to analysts’ expectations of $135.57 million. During the same quarter in the previous year, the company earned $0.10 EPS. Arlo Technologies’s revenue was up 16.2% on a year-over-year basis. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. Research analysts forecast that Arlo Technologies will post -0.29 EPS for the current year.

Insider Buying and Selling at Arlo Technologies

In other news, CEO Matthew Blake Mcrae sold 27,931 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $14.93, for a total value of $417,009.83. Following the transaction, the chief executive officer owned 1,033,475 shares of the company’s stock, valued at $15,429,781.75. This represents a 2.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kurtis Joseph Binder sold 9,665 shares of Arlo Technologies stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $15.11, for a total value of $146,038.15. Following the sale, the chief financial officer directly owned 460,970 shares of the company’s stock, valued at approximately $6,965,256.70. This trade represents a 2.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 484,145 shares of company stock worth $6,383,386. Insiders own 5.20% of the company’s stock.

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.