Arlo Technologies Inc (NYSE: ARLO) is 22.79% higher on its value in year-to-date trading and has touched a low of $5.26 and a high of $12.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARLO stock was last observed hovering at around $11.33 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $11.69, the stock is 17.06% and 24.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing 3.18% at the moment leaves the stock 20.33% off its SMA200. ARLO registered 120.57% gain for a year compared to 6-month loss of 12.19%. The firm has a 50-day simple moving average (SMA 50) of $2.05 and a 200-day simple moving average (SMA200) of -$49.64.
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The stock witnessed a 28.60% gain in the last 1 month and extending the period to 3 months gives it a 26.52%, and is 6.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.26% over the week and 4.42% over the month.
Arlo Technologies Inc (ARLO) has around 363 employees, a market worth around $1.12B and $491.18M in sales. Fwd P/E is 20.16. Profit margin for the company is -4.49%. Distance from 52-week low is 122.03% and -3.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.32%).
Arlo Technologies Inc quarterly earnings per share for the current quarter are estimated at $0.09 with sales reaching $123.3M over the same period.The EPS is expected to grow by 47.71% this year, but quarterly earnings will post 8.00% year-over-year. Quarterly sales are estimated to grow 11.10% in year-over-year returns.
275 institutions hold shares in Arlo Technologies Inc (ARLO), with institutional investors hold 86.97% of the company’s shares. The shares outstanding are 95.38M, and float is at 91.18M with Short Float at 5.79%. Institutions hold 84.41% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 14.15 million shares valued at $154.32 million. The investor’s holdings represent 15.04% of the ARLO Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 9.05 million shares valued at $98.77 million to account for 9.63% of the shares outstanding. The other top investors are Primecap Management Company which holds 4.7 million shares representing 4.99% and valued at over $51.24 million, while Rice, Hall, James & Associates holds 3.93% of the shares totaling 3.7 million with a market value of $40.34 million.
Arlo Technologies Inc (ARLO) Insider Activity
The most recent transaction is an insider sale by Busse Brian, the company’s GENERAL COUNSEL. SEC filings show that Busse Brian sold 56,973 shares of the company’s common stock on Mar 13 ’24 at a price of $11.68 per share for a total of $0.67 million. Following the sale, the insider now owns 0.6 million shares.
Arlo Technologies Inc disclosed in a document filed with the SEC on Mar 06 ’24 that MCRAE MATTHEW BLAKE (CEO) sold a total of 119,900 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $10.91 per share for $1.31 million. Following the transaction, the insider now directly holds 2.2 million shares of the ARLO stock.
Still, SEC filings show that on Mar 06 ’24, BINDER KURTIS JOSEPH (CHIEF FINANCIAL OFFICER) disposed off 18,120 shares at an average price of $10.91 for $0.2 million. The insider now directly holds 702,680 shares of Arlo Technologies Inc (ARLO).
