Arlo Technologies (NYSE:ARLO) CEO Matthew Blake Mcrae Sells 35,482 Shares

Arlo Technologies, Inc. (NYSE:ARLO) CEO Matthew Blake Mcrae sold 35,482 shares of Arlo Technologies stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $12.81, for a total value of $454,524.42. Following the completion of the sale, the chief executive officer owned 982,681 shares of the company’s stock, valued at $12,588,143.61. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, January 9th, Matthew Blake Mcrae sold 90,089 shares of Arlo Technologies stock. The stock was sold at an average price of $13.69, for a total transaction of $1,233,318.41.
• 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.

Arlo Technologies Trading Down 0.7%

Shares of ARLO traded down $0.10 during mid-day trading on Tuesday, hitting $12.72. The company’s stock had a trading volume of 3,491,381 shares, compared to its average volume of 1,276,763. The company’s 50-day moving average is $13.84 and its 200-day moving average is $15.87. Arlo Technologies, Inc. has a 52-week low of $7.84 and a 52-week high of $19.94. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 423.97 and a beta of 1.66.

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

Wall Street Analyst Weigh In

ARLO has been the subject of several analyst reports. BWS Financial reissued a “buy” rating and set a $26.00 price target on shares of Arlo Technologies in a research report on Tuesday, November 11th. Zacks Research downgraded shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen raised shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arlo Technologies in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Institutional Investors Weigh In On Arlo Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its position in shares of Arlo Technologies by 778.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,884,616 shares of the company’s stock valued at $31,944,000 after acquiring an additional 1,670,156 shares during the period. Wasatch Advisors LP increased its position in shares of Arlo Technologies by 30.1% in the second quarter. Wasatch Advisors LP now owns 4,678,880 shares of the company’s stock valued at $79,354,000 after buying an additional 1,082,443 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Arlo Technologies by 69.1% during the 3rd quarter. Marshall Wace LLP now owns 2,554,457 shares of the company’s stock worth $43,298,000 after buying an additional 1,043,854 shares during the period. Divisadero Street Capital Management LP lifted its position in shares of Arlo Technologies by 778.6% during the 2nd quarter. Divisadero Street Capital Management LP now owns 1,150,943 shares of the company’s stock valued at $19,520,000 after buying an additional 1,019,945 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Arlo Technologies by 115.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company’s stock valued at $15,325,000 after acquiring an additional 830,770 shares during the period. 83.18% of the stock is owned by hedge funds and other institutional investors.

About Arlo Technologies

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.