Arlo Technologies (NYSE:ARLO) Stock Price Down 7.3% After Insider Selling
by Teresa Graham · The Cerbat GemShares of Arlo Technologies, Inc. (NYSE:ARLO – Get Free Report) traded down 7.3% on Monday following insider selling activity. The stock traded as low as $14.43 and last traded at $14.1310. 172,275 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 1,372,877 shares. The stock had previously closed at $15.25.
Specifically, CFO Kurtis Joseph Binder sold 65,000 shares of Arlo Technologies stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $15.70, for a total transaction of $1,020,500.00. Following the sale, the chief financial officer directly owned 499,885 shares of the company’s stock, valued at approximately $7,848,194.50. The trade was a 11.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Analyst Ratings Changes
Several equities analysts recently commented on ARLO shares. Weiss Ratings upgraded Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Raymond James Financial reiterated an “outperform” rating and issued a $19.00 price target on shares of Arlo Technologies in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Arlo Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.
Check Out Our Latest Report on Arlo Technologies
Arlo Technologies Price Performance
The stock has a market capitalization of $1.41 billion, a P/E ratio of 48.01 and a beta of 1.60. The company’s 50 day simple moving average is $14.23 and its two-hundred day simple moving average is $14.15.
Arlo Technologies (NYSE:ARLO – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The company had revenue of $150.38 million during the quarter, compared to analysts’ expectations of $139.73 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. Arlo Technologies’s quarterly revenue was up 26.3% compared to the same quarter last year. 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 0.16 earnings per share for the current fiscal year.
Arlo Technologies announced that its board has approved a stock buyback plan on Wednesday, March 4th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
Institutional Investors Weigh In On Arlo Technologies
Institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System grew its holdings in Arlo Technologies by 2.3% during the third quarter. Arizona State Retirement System now owns 30,597 shares of the company’s stock valued at $519,000 after purchasing an additional 702 shares during the period. Smartleaf Asset Management LLC raised its holdings in Arlo Technologies by 86.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock worth $28,000 after purchasing an additional 747 shares during the period. Quarry LP raised its holdings in Arlo Technologies by 42.0% in 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 period. Oregon Public Employees Retirement Fund grew its holdings in shares of Arlo Technologies by 3.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,268 shares of the company’s stock valued at $340,000 after buying an additional 800 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Arlo Technologies by 12.5% during the 4th quarter. Farther Finance Advisors LLC now owns 7,631 shares of the company’s stock worth $107,000 after buying an additional 849 shares during the period. Institutional investors own 83.18% 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.