Kurtis Joseph Binder Sells 16,507 Shares of Arlo Technologies (NYSE:ARLO) Stock

Arlo Technologies, Inc. (NYSE:ARLO) CFO Kurtis Joseph Binder sold 16,507 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $12.83, for a total value of $211,784.81. Following the completion of the transaction, the chief financial officer directly owned 483,378 shares of the company’s stock, valued at approximately $6,201,739.74. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 8th, Kurtis Joseph Binder sold 65,000 shares of Arlo Technologies stock. The stock was sold at an average price of $15.70, for a total value of $1,020,500.00.
• On Friday, April 17th, Kurtis Joseph Binder sold 25,000 shares of Arlo Technologies stock. The shares were sold at an average price of $15.19, for a total value of $379,750.00.

Arlo Technologies Trading Up 1.7%

Shares of NYSE ARLO opened at $13.20 on Tuesday. The business has a fifty day simple moving average of $13.26 and a 200 day simple moving average of $13.47. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 48.89 and a beta of 1.55. Arlo Technologies, Inc. has a one year low of $11.05 and a one year high of $19.94.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The firm had revenue of $150.38 million for the quarter, compared to the consensus estimate of $139.72 million. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The business’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 earnings per share. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. On average, research analysts anticipate that Arlo Technologies, Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arlo Technologies

A number of large investors have recently bought and sold shares of ARLO. Hantz Financial Services Inc. increased its holdings in Arlo Technologies by 763.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock valued at $28,000 after purchasing an additional 1,748 shares in the last quarter. Quarry LP grew its holdings in shares of Arlo Technologies by 42.0% during the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after purchasing an additional 783 shares during the last quarter. Strs Ohio bought a new stake in shares of Arlo Technologies during the first quarter worth $66,000. Quadrant Capital Group LLC acquired a new stake in shares of Arlo Technologies in the third quarter valued at $86,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Arlo Technologies by 1,682.9% in the second quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock valued at $95,000 after buying an additional 5,301 shares in the last quarter. 83.18% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ARLO has been the topic of a number of analyst reports. UBS Group set a $20.00 target price on shares of Arlo Technologies in a research note on Monday, May 18th. Oppenheimer assumed coverage on Arlo Technologies in a report on Monday, May 18th. They set an “outperform” rating and a $20.00 price objective on the stock. Weiss Ratings upgraded Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $19.00 target price on shares of Arlo Technologies in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Arlo Technologies presently has an average rating of “Moderate Buy” and an average target price of $21.40.

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.