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2 clusters · 3 sources · 5 days · First seen · Last updated

Arlo Technologies stock and executive activity

Overview

Arlo Technologies has experienced recent fluctuations in its financial performance and stock activity. In early August, CFO Kurtis Joseph Binder executed several stock sales totaling over $630,000 under a pre-arranged Rule 10b5-1 trading plan. These transactions occurred following a quarterly earnings report where the company beat analyst estimates, reporting revenue of $150.38 million.

By mid-August, the company’s share price saw a decline of 7.9%, reaching a low of $13.75. Despite this volatility, analysts maintained a consensus rating of “Moderate Buy” with a price target of $20.60. Concurrently, institutional investors such as Wasatch Advisors LP, Bank of America Corp DE, and Janus Henderson Group PLC have shown varying levels of increased holdings in the company.

Entities

Arlo Technologies, Inc. · Wasatch Advisors LP · Janus Henderson Group PLC · Kurtis Joseph Binder · Bank of America Corp

Timeline

  1. 3 days ago

    [BUSINESS] 2 sources
    Arlo Technologies shares fall 7.9% amid institutional investment shifts

    Arlo Technologies shares fell 7.9% on Monday, despite a “Moderate Buy” consensus and increased institutional holdings from firms like Wasatch Advisors LP and Bank of America.

  2. 8 days ago

    [BUSINESS] 3 sources
    Arlo Technologies CFO Kurtis Joseph Binder sells $630K in stock under 10b5‑1 plan

    Arlo Technologies CFO Kurtis Joseph Binder sold about $2.1 million of stock under a Rule 10b5‑1 plan, cutting his holdings by ~5.8%; the company recently posted $0.28 EPS and $150 million revenue, beating views

Sources

mommygearest.com · pulse2.com · stocknews.com