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CARLSBAD, CA—Kurtis Joseph Binder, the Chief Financial Officer of Arlo Technologies , Inc. (NYSE:ARLO), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Binder sold 184,589 shares of common stock on March 20, 2025. The shares were sold at an average price of $10.6962, resulting in a total transaction value of approximately $1.97 million. The transaction comes as InvestingPro data shows the stock trading above its Fair Value, with notably volatile price movements throughout the year.
Following the sale, Binder retains ownership of 977,457 shares of Arlo Technologies. The transaction was executed to satisfy estimated tax withholding obligations related to the settlement of Performance Stock Units, as noted in the filing’s footnotes. The sale price ranged from $10.505 to $11.01 per share, within a broader 52-week range of $9.92 to $17.64.
Arlo Technologies, based in Carlsbad, California, specializes in household audio and video equipment. The company remains a notable player in the technology sector, with a market capitalization of $1.12 billion. While currently unprofitable, analysts are projecting profitability this year, with price targets ranging from $15 to $24 per share. This recent insider transaction is likely to draw attention from investors monitoring executive stock activity, particularly ahead of the company’s next earnings report scheduled for May 8, 2025.
In other recent news, Arlo Technologies reported its fourth quarter and full-year 2024 results, highlighting a slight revenue beat with $121.6 million against the $121.2 million estimate and meeting the adjusted earnings per share (EPS) expectation of 10 cents. The company emphasized robust service revenue growth, which increased 15% year-over-year to $64.1 million and accounted for 53% of total revenues. Looking ahead, Arlo projects service revenue to exceed $300 million in 2025, compared to $243 million in 2024, with a service gross margin above 80%. Despite missing the EPS forecast slightly, Arlo’s positive market sentiment was bolstered by strategic product innovations and strong service revenue growth. Analyst Jacob Stephan from Lake Street noted the company’s value proposition and growth potential, maintaining a price target of $17. Arlo Technologies also announced a significant product launch planned for the 2025 holiday season. The company anticipates adjusted EPS for the first quarter of 2025 to range between 9 cents and 15 cents, with revenue projections from $114 million to $124 million, aligning with analyst expectations.
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