Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Brian Busse, General Counsel at Arlo Technologies , Inc. (NYSE:ARLO), recently executed a transaction involving the sale of 26,258 shares of the company’s common stock. The shares were sold on March 20, 2025, at a weighted average price of $10.6962, resulting in a total transaction value of approximately $280,860.
The sale was conducted to satisfy estimated tax withholding obligations related to the settlement of Performance Stock Units. While InvestingPro analysis shows management has been actively buying back shares, indicating confidence in the company’s future, Busse retains ownership of 636,485 shares in the company. The sale price for the shares ranged between $10.505 and $11.01. Discover more insights about Arlo’s financial health and growth potential in the comprehensive Pro Research Report, available with your subscription.
In other recent news, Arlo Technologies reported its fourth quarter and full-year 2024 financial results, highlighting a slight revenue beat with Q4 revenue reaching $121.6 million, slightly surpassing the $121.2 million estimate. The company met the adjusted earnings per share (EPS) expectation of 10 cents, although this was a minor miss compared to some forecasts of $0.11. Arlo’s service revenue, which grew by 21% year-over-year, was a significant contributor to its strong performance, accounting for 53% of total revenue in Q4. The company has set an ambitious outlook for 2025, projecting service revenue to exceed $300 million, representing a 25% year-over-year growth, and a service gross margin above 80%.
Additionally, Arlo Technologies plans to launch its largest device lineup in company history during the 2025 holiday season, which is expected to drive further growth. Analyst Jacob Stephan from Lake Street noted that Arlo’s Q4 results slightly beat consensus on revenue, while adjusted EPS was in line with expectations. The company’s 2025 guidance was well ahead of consensus on service revenue growth, further solidifying investor confidence. Arlo’s focus on innovation and strategic partnerships, such as those with RapidSOS and Samsung (KS:005930), is seen as a key factor in expanding its subscriber base and enhancing its market position. The company also ended 2024 with a strong cash position of $151.5 million, emphasizing its financial stability and potential for future investments.
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