Arlo Technologies Inc (NYSE: ARLO) is 1.70% higher on its value in year-to-date trading and has touched a low of $8.38 and a high of $17.64 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 $11.52 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $11.38, the stock is -2.72% and -4.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing -1.22% at the moment leaves the stock -8.38% off its SMA200. ARLO registered 32.63% gain for a year compared to 6-month loss of -14.63%. The firm has a 50-day simple moving average (SMA 50) of $11.8916 and a 200-day simple moving average (SMA200) of $12.4169.
The stock witnessed a -0.52% gain in the last 1 month and extending the period to 3 months gives it a 7.77%, and is -2.57% 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 3.73% over the week and 4.30% over the month.
Arlo Technologies Inc (ARLO) has around 363 employees, a market worth around $1.14B and $524.41M in sales. Fwd P/E is 21.50. Profit margin for the company is -4.76%. Distance from 52-week low is 35.80% and -35.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.40%).
with sales reaching $121.36M over the same period.The EPS is expected to grow by 45.29% this year, but quarterly earnings will post 3.97% year-over-year. Quarterly sales are estimated to shrink -10.17% in year-over-year returns.
300.0 institutions hold shares in Arlo Technologies Inc (ARLO), with institutional investors hold 95.36% of the company’s shares. The shares outstanding are 100.32M, and float is at 94.81M with Short Float at 6.53%. Institutions hold 91.47% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 15.52 million shares valued at $202.4 million. The investor’s holdings represent 16.1236 of the ARLO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.4 million shares valued at $122.57 million to account for 9.764 of the shares outstanding. The other top investors are BRANDES INVESTMENT PARTNERS, LP which holds 5.14 million shares representing 5.3403 and valued at over $66.99 million, while PRIMECAP MANAGEMENT CO/CA/ holds 5.204 of the shares totaling 5.01 million with a market value of $65.32 million.
Arlo Technologies Inc (ARLO) Insider Activity
The most recent transaction is an insider sale by MCRAE MATTHEW BLAKE, the company’s CEO. SEC filings show that MCRAE MATTHEW BLAKE sold 46,866 shares of the company’s common stock on Jan 29 ’25 at a price of $11.66 per share for a total of $0.55 million. Following the sale, the insider now owns 3.16 million shares.
Arlo Technologies Inc disclosed in a document filed with the SEC on Jan 29 ’25 that Busse Brian (GENERAL COUNSEL) sold a total of 9,007 shares of the company’s common stock. The trade occurred on Jan 29 ’25 and was made at $11.66 per share for $0.11 million. Following the transaction, the insider now directly holds 0.6 million shares of the ARLO stock.
Still, SEC filings show that on Dec 16 ’24, BINDER KURTIS JOSEPH (CHIEF FINANCIAL OFFICER) disposed off 63,882 shares at an average price of $12.80 for $0.82 million. The insider now directly holds 828,713 shares of Arlo Technologies Inc (ARLO).
