Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Arlo Technologies , Inc. (NYSE:ARLO) has reported a series of stock sales by its CEO, Matthew Blake McRae. According to the SEC filing, McRae sold a total of 718,454 shares of Arlo common stock over three days, with transactions executed on March 6, March 7, and March 10, 2025. The sales were carried out under a Rule 10b5-1 trading plan adopted by McRae in August 2024. The timing coincides with recent market volatility, as InvestingPro data shows the stock has declined nearly 10% in the past week.
The shares were sold at prices ranging from $11.0359 to $12.0253, resulting in a total sale value of approximately $8.38 million. Following these transactions, McRae retains ownership of 2,486,678 shares in the company. While the stock currently trades at a high Price/Book multiple of 11.14x, InvestingPro analysis reveals 8 additional key insights about Arlo’s financial health and growth prospects.
These transactions reflect McRae’s strategic financial decisions and are part of his pre-established trading plan. Investors often monitor such insider sales for insights into the executive’s confidence in the company’s future performance. Notably, analysts maintain an optimistic outlook, with price targets ranging from $15 to $24 per share, suggesting potential upside from current levels.
In other recent news, Arlo Technologies reported its fourth-quarter and full-year 2024 financial results, showing a slight beat in Q4 revenue at $121.6 million compared to the $121.2 million estimate, while meeting the adjusted EPS expectation of 10 cents. The company also announced a positive outlook for 2025, projecting service revenue growth over $300 million, up from $243 million in 2024, with a service gross margin above 80%. Despite missing the EPS forecast of $0.11 by posting $0.10, Arlo’s service revenue increased by 21% year-over-year, contributing to a rise in annual recurring revenue to $257 million. Analysts from Lake Street and other firms noted the company’s strong performance and growth potential, highlighting the robust service revenue and strategic initiatives. Arlo also plans a significant product launch for the 2025 holiday season, which is expected to further boost its growth. The company’s strategic partnerships with firms like RapidSOS and Origin AI have been instrumental in expanding its subscriber base and enhancing its security offerings. Overall, these developments indicate a strong trajectory for Arlo Technologies in the smart home security market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.