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CARLSBAD, CA—Brian Busse, the General Counsel of Arlo Technologies , Inc. (NYSE:ARLO), recently sold 26,258 shares of the company’s common stock, according to a regulatory filing. The transaction, which took place on March 20, 2025, was executed at an average price of $10.6962 per share, amounting to a total of approximately $280,860. The smart home security company, currently valued at $1.12 billion, has shown volatile trading patterns according to InvestingPro data.
The shares were sold to satisfy estimated tax withholding obligations upon the settlement of Performance Stock Units. Following this transaction, Busse holds 636,485 shares of Arlo Technologies. The sale price ranged between $10.505 and $11.01 per share, with analysts setting price targets between $15 and $24, according to InvestingPro data.
Arlo Technologies, known for its household audio and video equipment, is headquartered in Carlsbad, California. The company, while not currently profitable, is expected to report its next earnings on May 8, 2025. For deeper insights and additional analysis, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Arlo Technologies reported its fourth-quarter and full-year 2024 results, showcasing a slight revenue beat with $121.6 million, compared to the estimated $121.2 million, while meeting the adjusted earnings per share (EPS) expectation of $0.10. Service revenue, a significant contributor to the company’s financial health, grew by 15% year-over-year to $64.1 million, with projections indicating it could exceed $300 million in 2025. Despite a minor miss on the EPS forecast, which was expected at $0.11, Arlo’s annual revenue reached $511 million, marking a 4% increase year-over-year. The company’s annual recurring revenue (ARR) saw a substantial 22.5% growth, ending at $257.3 million. Arlo’s strategic focus on subscription-based services is highlighted by its service revenue, which comprised 53% of total revenue in the fourth quarter. Analyst Jacob Stephan from Lake Street noted that the company’s guidance for 2025 exceeded consensus on service revenue growth. Additionally, Arlo plans a major product launch for the 2025 holiday season, which could further bolster its growth.
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