Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Matthew Blake McRae, CEO of Arlo Technologies , Inc. (NYSE:ARLO), a company currently valued at $1.11 billion, has sold 157,851 shares of the company’s common stock, according to a recent SEC filing. InvestingPro analysis shows the stock has been notably volatile, with analyst price targets ranging from $15 to $24. The shares were sold at an average price of $10.6962, with the total transaction amounting to approximately $1.69 million. The sale was conducted on March 20, 2025, and was executed to satisfy estimated tax withholding obligations upon the settlement of Performance Stock Units. Following this transaction, McRae retains ownership of 2,558,425 shares in the company. While currently unprofitable, InvestingPro data indicates analysts expect Arlo to achieve profitability in 2025, with management actively pursuing share buybacks to enhance shareholder value.
In other recent news, Arlo Technologies reported its fourth quarter and full year 2024 results, revealing a slight miss on earnings per share (EPS) with $0.10 compared to the forecasted $0.11. Despite the miss, the company showed strong service revenue growth, which increased by 21% year-over-year, contributing to a total annual revenue of $511 million, a 4% increase from the previous year. Service revenue accounted for 53% of total revenues in Q4, climbing to $64.1 million, and is projected to exceed $300 million in 2025. Arlo’s annual recurring revenue (ARR) ended at $257.3 million, marking a 22.5% year-over-year growth. Analysts, including Lake Street’s Jacob Stephan, noted Arlo’s slight revenue beat in Q4 and highlighted the company’s strong guidance for 2025, which surpassed consensus expectations for service revenue growth. Arlo Technologies has also announced strategic partnerships with companies like Origin AI and RapidSOS, aiming to expand its subscriber base and enhance security offerings. The company plans a significant product launch for the 2025 holiday season, which is anticipated to drive further growth.
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