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

Arlo Technologies, Inc. (NYSE:ARLO) CEO Matthew Blake Mcrae sold 90,089 shares of Arlo Technologies stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $13.69, for a total value of $1,233,318.41. Following the completion of the transaction, the chief executive officer directly owned 1,018,163 shares in the company, valued at $13,938,651.47. This represents a 8.13% decrease in their ownership of the stock. 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 Monday, December 1st, Matthew Blake Mcrae sold 257,242 shares of Arlo Technologies stock. The stock was 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 shares were sold at an average price of $17.86, for a total transaction of $332,999.70.

Arlo Technologies Stock Down 1.7%

Shares of ARLO stock opened at $13.60 on Friday. Arlo Technologies, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $19.94. The firm’s 50 day moving average price is $14.37 and its two-hundred day moving average price is $16.24. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 453.45 and a beta of 1.64.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $139.53 million during 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%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. Arlo Technologies has set its Q4 2025 guidance at 0.130-0.190 EPS. On average, equities analysts forecast that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ARLO has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arlo Technologies in a research report on Monday, December 29th. Zacks Research lowered Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. BWS Financial restated a “buy” rating and issued a $26.00 price target on shares of Arlo Technologies in a report on Tuesday, November 11th. Finally, Wall Street Zen raised shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.00.

Institutional Investors Weigh In On Arlo Technologies

A number of hedge funds have recently bought and sold shares of ARLO. Smartleaf Asset Management LLC raised its position in shares of Arlo Technologies by 86.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock valued at $28,000 after purchasing an additional 747 shares in the last quarter. Quarry LP increased its stake in shares of Arlo Technologies by 42.0% in the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after buying an additional 783 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in Arlo Technologies by 161.4% in the second quarter. First Horizon Advisors Inc. now owns 3,220 shares of the company’s stock valued at $55,000 after acquiring an additional 1,988 shares in the last quarter. Strs Ohio bought a new position in Arlo Technologies during the 1st quarter valued at $66,000. Finally, Quadrant Capital Group LLC bought a new position in Arlo Technologies during the 3rd quarter valued at $86,000. Institutional investors and hedge funds own 83.18% of the company’s stock.

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.