Currently, there are 95.38M common shares owned by the public and among those 91.04M shares have been available to trade.
Insiders at the company have transacted a total of 46 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 2,392,322 shares. Insider sales of the common stock occurred on 24 occasions, with total insider shares sold totaling 2,019,021 shares.
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The company’s stock has a 5-day price change of 35.05% and 28.45% over the past three months. ARLO shares are trading 24.26% year to date (YTD), with the 12-month market performance up to 224.11% higher. It has a 12-month low price of $3.37 and touched a high of $11.54 over the same period. ARLO has an average intraday trading volume of 913.54K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 31.12%, 29.54%, and 22.74% respectively.
Institutional ownership of Arlo Technologies Inc (NYSE: ARLO) shares accounts for 83.36% of the company’s 95.38M shares outstanding.
It has a market capitalization of $1.14B and a beta (3y monthly) value of 1.84. The earnings-per-share (ttm) stands at -$0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.85% over the week and 4.53% over the month.
Analysts forecast that Arlo Technologies Inc (ARLO) will achieve an EPS of $0.07 for the current quarter, $0.09 for the next quarter and $0.52 for 2025. The lowest estimate earnings-per-share for the quarter is $0.05 while analysts give the company a high EPS estimate of $0.11. Comparatively, EPS for the current quarter was $0.01 a year ago. Earnings per share for the fiscal year are expected to increase by 47.71%, and 40.23% over the next financial year.
Looking at the support for the ARLO, a number of firms have released research notes about the stock. ROTH MKM stated their Buy rating for the stock in a research note on October 31, 2023, with the firm’s price target at $13. Craig Hallum coverage for the Arlo Technologies Inc (ARLO) stock in a research note released on June 29, 2023 offered a Buy rating with a price target of $17. Lake Street was of a view on January 25, 2022 that the stock is Buy, while Raymond James gave the stock Outperform rating on July 29, 2020, issuing a price target of $6. Deutsche Bank on their part issued Buy rating on November 12, 2019.
