Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Matthew Blake, the CEO of Arlo Technologies , Inc. (NYSE:ARLO), recently sold a significant portion of the company’s common stock. According to a recent filing with the Securities and Exchange Commission, Blake sold 146,338 shares on February 12, 2025. The shares were sold at an average price of $11.1126, generating a total of approximately $1.63 million. The transaction occurred as the $1.15 billion market cap company’s stock showed strong momentum, with a 30% gain over the past year.
The transaction was part of a move to satisfy estimated tax withholding obligations related to the settlement of Restricted Stock Units. Following this sale, Blake retains ownership of 3,183,380 shares in Arlo Technologies. The sale prices varied slightly, ranging from $11.11 to $11.21 per share. According to InvestingPro analysis, the stock appears overvalued at current levels, though analysts maintain positive outlook with price targets ranging from $15 to $24. InvestingPro subscribers can access 8 additional key insights about ARLO’s financial health and growth prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.