Insider Selling: Arlo Technologies (NYSE:ARLO) General Counsel Sells $155,815.29 in Stock

Arlo Technologies, Inc. (NYSE:ARLO) General Counsel Brian Busse sold 9,171 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $16.99, for a total value of $155,815.29. Following the transaction, the general counsel owned 669,376 shares in the company, valued at approximately $11,372,698.24. This trade represents a 1.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Arlo Technologies Trading Up 1.1%

Shares of NYSE ARLO opened at $17.28 on Friday. The firm has a market cap of $1.80 billion, a P/E ratio of -246.75 and a beta of 1.72. Arlo Technologies, Inc. has a 1-year low of $7.84 and a 1-year high of $19.25. The business’s 50 day moving average is $17.20 and its 200-day moving average is $14.64.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $129.41 million for the quarter, compared to the consensus estimate of $123.33 million. Arlo Technologies had a negative return on equity of 6.69% and a negative net margin of 1.38%.The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. Analysts forecast that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on ARLO. BWS Financial reissued a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of Arlo Technologies in a research report on Monday, August 11th. Craig Hallum increased their price target on Arlo Technologies from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Arlo Technologies in a research report on Saturday, September 27th. Zacks Research raised Arlo Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $22.00 target price (up previously from $15.00) on shares of Arlo Technologies in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Squarepoint Ops LLC lifted its stake in shares of Arlo Technologies by 137.1% in the 2nd quarter. Squarepoint Ops LLC now owns 52,913 shares of the company’s stock valued at $897,000 after acquiring an additional 30,599 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Arlo Technologies by 3.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 76,032 shares of the company’s stock valued at $1,290,000 after acquiring an additional 2,330 shares during the last quarter. State of Wyoming lifted its stake in shares of Arlo Technologies by 20.0% in the 2nd quarter. State of Wyoming now owns 25,503 shares of the company’s stock valued at $433,000 after acquiring an additional 4,243 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Arlo Technologies in the 2nd quarter valued at $398,000. Finally, Castleark Management LLC bought a new position in shares of Arlo Technologies in the 2nd quarter valued at $3,505,000. 83.18% of the stock is currently owned by institutional investors.

About Arlo Technologies

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.