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In a recent move, Brian Busse, the General Counsel of Arlo Technologies , Inc. (NYSE:ARLO), sold a significant portion of the company’s stock. According to a Form 4 filing with the Securities and Exchange Commission, Busse sold 17,669 shares of common stock on February 12, 2025. The shares were sold at a weighted average price of $11.1127, with prices ranging between $11.11 and $11.21, resulting in total proceeds of approximately $196,350. The transaction comes as Arlo, currently valued at $1.15 billion, shows strong momentum with a 30% return over the past year.
This transaction was primarily conducted to satisfy estimated tax withholding obligations upon the settlement of Restricted Stock Units, as noted in the filing. Following the sale, Busse retains ownership of 606,832 shares in the company. InvestingPro analysis indicates the stock has been notably volatile, with analysts setting price targets ranging from $15 to $24, suggesting potential upside opportunities.
Investors often monitor such insider transactions as they can provide insights into the executive’s expectations for the company’s future performance. With Arlo’s next earnings report due on February 27 and analysts forecasting profitability this year, InvestingPro subscribers can access additional insights through comprehensive Pro Research Reports, which provide deep-dive analysis of the company’s financial health and growth prospects.
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