Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Brian Busse, the General Counsel of Arlo Technologies , Inc. (NYSE:ARLO), recently sold 6,593 shares of the company’s common stock. The sale, which took place on March 4, 2025, was executed at a weighted average price of $11.5044 per share, resulting in a total transaction value of approximately $75,848. The stock has since climbed to $12.28, with the company now commanding a market capitalization of $1.25 billion. Following this transaction, Busse holds 612,743 shares directly. The shares were sold to satisfy estimated tax withholding obligations upon the settlement of Restricted Stock Units. According to InvestingPro analysis, while the stock shows volatile price movements, analysts are optimistic about Arlo’s prospects, with expectations of profitability this year. The stock appears slightly overvalued at current levels, with 8 additional exclusive insights available to InvestingPro subscribers.
In other recent news, Arlo Technologies reported its fourth-quarter and full-year 2024 earnings, revealing a slight miss on earnings per share (EPS), posting $0.10 compared to the forecasted $0.11. Despite this, Arlo’s revenue for the quarter came in at $121.6 million, slightly surpassing some estimates, though still below others, with service revenue showing a notable 21% year-over-year increase. The company provided an optimistic outlook for 2025, projecting revenue between $510 million and $540 million, with service revenue expected to exceed $300 million, representing a 25% year-over-year growth. Analysts from Lake Street have maintained a positive view on Arlo, citing a strong value proposition and growth potential, with a price target set at $17.
Arlo’s strategic focus on innovation and partnerships, such as those with RapidSOS and Origin AI, has been instrumental in expanding its subscriber base and enhancing its offerings. The company ended 2024 with an annual recurring revenue (ARR) of $257 million, marking a 22.5% growth from the previous year. Arlo has also announced plans for a significant product launch during the 2025 holiday season, which is expected to contribute to further revenue growth. The company’s strategic initiatives and strong service revenue growth seem to have bolstered investor confidence despite the slight earnings miss.
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