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What should you know before buying stock in Arlo Technologies Inc (ARLO)

Arlo Technologies Inc (NYSE: ARLO) is 18.59% higher on its value in year-to-date trading and has touched a low of $7.01 and a high of $14.27 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 $11.44 in the last trading session, with the day’s loss setting it -0.15%.

Currently trading at $11.29, the stock is -5.19% and -5.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.43 million and changing -1.31% at the moment leaves the stock 11.61% off its SMA200. ARLO registered 60.14% gain for a year compared to 6-month gain of 27.71%.

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The stock witnessed a -0.18% loss in the last 1 month and extending the period to 3 months gives it a 24.20%, and is -16.00% down 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 7.57% over the week and 4.73% over the month.

Arlo Technologies Inc (ARLO) has around 363 employees, a market worth around $1.10B and $504.37M in sales. Fwd P/E is 21.20. Profit margin for the company is -3.46%. Distance from 52-week low is 61.17% and -20.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.02%).

The EPS is expected to grow by 41.00% this year.

Arlo Technologies Inc (ARLO) Top Institutional Holders

The shares outstanding are 95.38M, and float is at 92.27M with Short Float at 3.91%.

Arlo Technologies Inc (ARLO) Insider Activity

The most recent transaction is an insider sale by Busse Brian,the company’sGENERAL 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).

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