Insider Selling: Arlo Technologies (NYSE:ARLO) CEO Sells 95,430 Shares of Stock

Key Points

• Arlo Technologies CEO Matthew Blake Mcrae sold 95,430 shares at an average price of $16.99, totaling approximately $1.62 million, reducing his ownership by 5.18%.
• The stock recently increased by 0.8%, reaching $17.06, with a market cap of $1.78 billion and a price-to-earnings ratio of -243.61.
• Arlo Technologies posted earnings of $0.17 per share for the last quarter, surpassing expectations, and forecasted Q3 2025 EPS guidance between $0.120 and $0.180.

Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) CEO Matthew Blake Mcrae sold 95,430 shares of the firm's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $16.99, for a total value of $1,621,355.70. Following the sale, the chief executive officer directly owned 1,747,591 shares of the company's stock, valued at $29,691,571.09. This trade represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, August 12th, Matthew Blake Mcrae sold 520,557 shares of Arlo Technologies stock. The stock was sold at an average price of $17.40, for a total value of $9,057,691.80.
• On Friday, August 8th, Matthew Blake Mcrae sold 331,625 shares of Arlo Technologies stock. The stock was sold at an average price of $17.38, for a total value of $5,763,642.50.
• On Tuesday, July 29th, Matthew Blake Mcrae sold 25,380 shares of Arlo Technologies stock. The stock was sold at an average price of $16.56, for a total value of $420,292.80.

Arlo Technologies Stock Up 0.8%

Shares of ARLO traded up $0.14 during midday trading on Thursday, reaching $17.06. 1,051,351 shares of the stock were exchanged, compared to its average volume of 1,365,430. Arlo Technologies, Inc. has a 12-month low of $7.84 and a 12-month high of $19.25. The firm has a 50 day simple moving average of $17.18 and a 200-day simple moving average of $14.56. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -243.61 and a beta of 1.72.

Arlo Technologies (NYSE:ARLO - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.02. Arlo Technologies had a negative return on equity of 6.69% and a negative net margin of 1.38%.The business had revenue of $129.41 million for the quarter, compared to the consensus estimate of $123.33 million. During the same period last year, the business earned $0.10 EPS. The firm's revenue was up 1.6% compared to the same quarter last year. Arlo Technologies has set its Q3 2025 guidance at 0.120-0.180 EPS. Research analysts expect that Arlo Technologies, Inc. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ARLO. Wall Street Zen raised Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 21st. Zacks Research raised Arlo Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. BWS Financial reissued a "buy" rating and issued a $26.00 price objective (up from $24.00) on shares of Arlo Technologies in a research note on Monday, August 11th. Craig Hallum lifted their price target on Arlo Technologies from $17.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $22.00 price target (up from $15.00) on shares of Arlo Technologies in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat.com, Arlo Technologies currently has a consensus rating of "Buy" and an average target price of $23.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its position in shares of Arlo Technologies by 161.4% during the second quarter. First Horizon Advisors Inc. now owns 3,220 shares of the company's stock valued at $55,000 after purchasing an additional 1,988 shares during the period. Strs Ohio bought a new stake in shares of Arlo Technologies during the first quarter valued at approximately $66,000. GAMMA Investing LLC increased its position in shares of Arlo Technologies by 40.9% during the first quarter. GAMMA Investing LLC now owns 7,212 shares of the company's stock valued at $71,000 after purchasing an additional 2,095 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Arlo Technologies by 1,682.9% during the second quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company's stock valued at $95,000 after purchasing an additional 5,301 shares during the period. Finally, Magnetar Financial LLC bought a new stake in shares of Arlo Technologies during the first quarter valued at approximately $117,000. 83.18% of the stock is owned by institutional investors.

Arlo Technologies Company Profile

Arlo Technologies, Inc, together with its subsidiaries, provides a cloud-based platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers Arlo Essential Cameras and Doorbells (2nd Generation) delivers smart home protection, including automated privacy shield, 180-degree field of view, and 2K video resolution; Arlo Home Security System, an all-in-one multi-sensor that provides access to security experts for monitoring and responding to emergency situations; Arlo Pro 5S, a wireless 2K video resolution security camera; Arlo Go 2, a camera for monitoring remote areas, large properties, construction sites, vacation homes, boat or RV slips, and hard-to-access areas; Arlo Ultra 2 provides 4K video with HDR, an ultra-wide, 180-degree field of view, auto zoom and tracking on moving objects, and color night vision; and Arlo Floodlight Camera, a wire-free floodlight camera.

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