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Kurtis Joseph Binder, the Chief Financial Officer of Arlo Technologies , Inc. (NYSE:ARLO), recently sold a total of 21,348 shares of the company’s common stock over two consecutive days. The transactions, disclosed in a recent SEC filing, were executed on March 4 and March 5, 2025. The sales come as Arlo’s stock, currently trading at $12.28, shows significant potential according to analysts, with price targets ranging from $15 to $24. InvestingPro analysis indicates the stock is currently overvalued relative to its Fair Value.
On March 4, Binder sold 12,155 shares at a weighted average price of $11.5036, resulting in proceeds of approximately $139,826. The sale was made to satisfy estimated tax withholding obligations upon the settlement of Restricted Stock Units.
The following day, March 5, Binder sold an additional 9,193 shares at a weighted average price of $12.0624, bringing in about $110,889. This sale was conducted under a pre-established Rule 10b5-1 trading plan adopted on August 29, 2024.
Following these transactions, Binder’s direct holdings in Arlo Technologies now total 828,713 shares in the company, which currently maintains a market capitalization of $1.25 billion. Get deeper insights into Arlo’s financial health and growth prospects with InvestingPro, which offers 8 additional key insights about the company’s performance and outlook.
In other recent news, Arlo Technologies reported its fourth-quarter and full-year 2024 results, which included a slight revenue beat and a minor miss on earnings per share (EPS) expectations. The company posted Q4 revenue of $121.6 million, slightly above the $121.2 million estimate, while its EPS of $0.10 fell short of the $0.11 forecast. Despite this, service revenue, a significant component of Arlo’s financials, grew by 21% year-over-year, contributing to a 22.5% increase in annual recurring revenue (ARR) to $257.3 million. Arlo has set a positive outlook for 2025, projecting service revenue to exceed $300 million, with a service gross margin above 80%.
Analyst Jacob Stephan from Lake Street noted the company’s Q4 results slightly beat consensus on revenue, while adjusted EPS was in line with expectations. Arlo’s guidance for 2025 is well ahead of consensus for service revenue growth, which is projected to be over 20% year-over-year. The company plans to launch its largest device lineup in history during the 2025 holiday season, which is expected to drive further growth. Arlo’s strategic partnerships, including those with RapidSOS and Samsung (KS:005930), are anticipated to enhance its market position and expand capabilities. These developments underscore Arlo’s commitment to innovation and its focus on expanding its subscriber base.
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