Arlo Technologies (NYSE:ARLO) CEO Matthew Blake Mcrae Sells 90,089 Shares

Arlo Technologies, Inc. (NYSE:ARLO) CEO Matthew Blake Mcrae sold 90,089 shares of Arlo Technologies stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $13.69, for a total transaction of $1,233,318.41. Following the sale, the chief executive officer owned 1,018,163 shares of the company’s stock, valued at approximately $13,938,651.47. The trade was a 8.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Matthew Blake Mcrae also recently made the following trade(s):

• On Monday, December 1st, Matthew Blake Mcrae sold 257,242 shares of Arlo Technologies stock. The shares were sold at an average price of $14.28, for a total transaction of $3,673,415.76.
• On Tuesday, November 4th, Matthew Blake Mcrae sold 18,645 shares of Arlo Technologies stock. The stock was sold at an average price of $17.86, for a total transaction of $332,999.70.

Arlo Technologies Stock Performance

NYSE ARLO traded down $0.24 on Friday, reaching $13.60. 1,400,873 shares of the company’s stock traded hands, compared to its average volume of 1,303,156. Arlo Technologies, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $19.94. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 453.45 and a beta of 1.64. The stock has a 50 day moving average price of $14.49 and a 200-day moving average price of $16.26.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $139.53 million during the quarter, compared to analyst estimates of $138.69 million. Arlo Technologies had a return on equity of 2.00% and a net margin of 0.84%.The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. Arlo Technologies has set its Q4 2025 guidance at 0.130-0.190 EPS. As a group, equities research analysts anticipate that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in Arlo Technologies by 23.5% during the 4th quarter. SG Americas Securities LLC now owns 46,246 shares of the company’s stock worth $647,000 after purchasing an additional 8,815 shares during the last quarter. Tudor Investment Corp ET AL raised its position in shares of Arlo Technologies by 375.1% in the third quarter. Tudor Investment Corp ET AL now owns 245,288 shares of the company’s stock valued at $4,158,000 after buying an additional 193,662 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Arlo Technologies in the third quarter worth about $180,000. Castleark Management LLC boosted its position in Arlo Technologies by 107.2% during the third quarter. Castleark Management LLC now owns 428,321 shares of the company’s stock worth $7,260,000 after acquiring an additional 221,641 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in Arlo Technologies by 5.6% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 122,353 shares of the company’s stock valued at $2,096,000 after acquiring an additional 6,492 shares in the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Analysts Set New Price Targets

ARLO has been the subject of several recent research reports. Zacks Research lowered shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arlo Technologies in a report on Monday, December 29th. Wall Street Zen upgraded shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Finally, BWS Financial restated a “buy” rating and set a $26.00 target price on shares of Arlo Technologies in a research report on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.00.

Arlo Technologies Company Profile

Arlo Technologies, Inc (NYSE: ARLO) is a provider of smart home security products and services designed for residential and small business customers. The company offers a portfolio of wireless and Wi-Fi-enabled security cameras, video doorbells, smart lighting solutions, and associated accessories. Arlo integrates advanced video analytics, motion detection, cloud storage, and two-way audio capabilities to deliver end-to-end security and monitoring solutions accessible through mobile applications and web interfaces.

Founded as a division of Netgear, Inc in 2014 and spun off as an independent public company in 2018, Arlo Technologies has established a presence in North America, Europe, Australia and parts of Asia.