Insider Selling: Arlo Technologies (NYSE:ARLO) CEO Sells 153,433 Shares of Stock

by · The Cerbat Gem

Arlo Technologies, Inc. (NYSE:ARLO – Get Free Report) CEO Matthew Blake Mcrae sold 153,433 shares of Arlo Technologies stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $13.78, for a total transaction of $2,114,306.74. Following the completion of the transaction, the chief executive officer owned 1,168,866 shares of the company’s stock, valued at $16,106,973.48. The trade was a 11.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, March 3rd, Matthew Blake Mcrae sold 27,931 shares of Arlo Technologies stock. The shares were sold at an average price of $14.93, for a total transaction of $417,009.83.
  • On Friday, February 6th, Matthew Blake Mcrae sold 95,326 shares of Arlo Technologies stock. The shares were sold at an average price of $12.29, for a total transaction of $1,171,556.54.
  • On Thursday, February 5th, Matthew Blake Mcrae sold 18,085 shares of Arlo Technologies stock. The stock was sold at an average price of $12.38, for a total transaction of $223,892.30.
  • On Wednesday, February 4th, Matthew Blake Mcrae sold 58,604 shares of Arlo Technologies stock. The shares were sold at an average price of $12.65, for a total transaction of $741,340.60.
  • On Friday, January 30th, Matthew Blake Mcrae sold 35,482 shares of Arlo Technologies stock. The shares were sold at an average price of $12.81, for a total transaction of $454,524.42.
  • 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 value of $1,233,318.41.

Arlo Technologies Price Performance

Shares of Arlo Technologies stock traded down $0.51 during trading hours on Thursday, reaching $13.50. The company had a trading volume of 1,869,713 shares, compared to its average volume of 1,694,865. Arlo Technologies, Inc. has a one year low of $7.84 and a one year high of $19.94. The business has a fifty day simple moving average of $13.12 and a 200 day simple moving average of $15.15. The firm has a market cap of $1.44 billion, a PE ratio of 103.82 and a beta of 1.65.

Arlo Technologies (NYSE:ARLO – Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. Arlo Technologies had a return on equity of 10.76% and a net margin of 2.82%.The company had revenue of $141.30 million during the quarter, compared to analysts’ expectations of $135.57 million. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. On average, research analysts forecast that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

Arlo Technologies declared that its board has authorized a share buyback plan on Wednesday, March 4th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ARLO. Zacks Research downgraded shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings raised shares of Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 6th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.33.

Check Out Our Latest Research Report on Arlo Technologies

Hedge Funds Weigh In On Arlo Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System raised its holdings in shares of Arlo Technologies by 2.3% in the 3rd quarter. Arizona State Retirement System now owns 30,597 shares of the company’s stock valued at $519,000 after acquiring an additional 702 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Arlo Technologies by 86.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock worth $28,000 after purchasing an additional 747 shares in the last quarter. Quarry LP grew its holdings in shares of Arlo Technologies by 42.0% during the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after purchasing an additional 783 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Arlo Technologies by 3.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,268 shares of the company’s stock worth $340,000 after purchasing an additional 800 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Arlo Technologies by 5.4% in the second quarter. Bank of Montreal Can now owns 15,694 shares of the company’s stock worth $266,000 after purchasing an additional 810 shares during the last quarter. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

Arlo Technologies Company Profile

(Get Free Report)

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.

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