Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
In a recent transaction filed with the Securities and Exchange Commission, Matthew Blake McRae, CEO of Arlo Technologies , Inc. (NYSE:ARLO), sold 26,435 shares of the company’s common stock. The smart home security company, currently valued at $1.25 billion, has seen its stock display significant volatility according to InvestingPro data. The shares were sold at an average price of $11.5043 per share, ranging between $11.4865 and $11.9188, totaling approximately $304,116.
The sale, which took place on March 4, 2025, was conducted to satisfy estimated tax withholding obligations upon the settlement of Restricted Stock Units. Following this transaction, McRae retains ownership of 3,205,132 shares in the company.
In other recent news, Arlo Technologies reported its fourth-quarter and full-year 2024 financial results, highlighting a slight revenue beat and meeting adjusted earnings per share (EPS) expectations. The company reported Q4 revenue of $121.6 million, slightly above the $121.2 million estimate, with an EPS of $0.10, which met expectations. Arlo’s service revenue, which grew by 15% year-over-year to $64.1 million, accounted for 53% of total revenues and is projected to surpass $300 million in 2025. The company’s annual recurring revenue (ARR) increased by 22.5% year-over-year, reaching $257.3 million. Analysts from Lake Street noted that Arlo’s Q4 results slightly exceeded consensus on revenue, maintaining a price target of $17. Arlo’s strategic partnerships, including those with Origin AI and RapidSOS, have been instrumental in expanding its subscriber base. Looking ahead, Arlo anticipates Q1 2025 adjusted EPS between 9 cents and 15 cents, with revenue projections ranging from $114 million to $124 million, aligning with analyst expectations.
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