Insider Selling: Arlo Technologies (NYSE:ARLO) CEO Sells 153,433 Shares of Stock

Arlo Technologies, Inc. (NYSE:ARLO) CEO Matthew Blake Mcrae sold 153,433 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $13.78, for a total transaction of $2,114,306.74. Following the completion of the transaction, the chief executive officer directly owned 1,168,866 shares of the company’s stock, valued at approximately $16,106,973.48. This represents a 11.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Matthew Blake Mcrae also recently made the following trade(s):

• On Tuesday, March 3rd, Matthew Blake Mcrae sold 27,931 shares of Arlo Technologies stock. The stock was sold at an average price of $14.93, for a total transaction of $417,009.83.
• On Friday, February 6th, Matthew Blake Mcrae sold 95,326 shares of Arlo Technologies stock. The shares were sold at an average price of $12.29, for a total transaction of $1,171,556.54.
• On Thursday, February 5th, Matthew Blake Mcrae sold 18,085 shares of Arlo Technologies stock. The stock was sold at an average price of $12.38, for a total transaction of $223,892.30.
• On Wednesday, February 4th, Matthew Blake Mcrae sold 58,604 shares of Arlo Technologies stock. The stock was sold at an average price of $12.65, for a total transaction of $741,340.60.
• On Friday, January 30th, Matthew Blake Mcrae sold 35,482 shares of Arlo Technologies stock. The shares were sold at an average price of $12.81, for a total value of $454,524.42.
• On Friday, January 9th, Matthew Blake Mcrae sold 90,089 shares of Arlo Technologies stock. The shares were sold at an average price of $13.69, for a total value of $1,233,318.41.

Arlo Technologies Price Performance

ARLO stock traded down $0.51 during mid-day trading on Thursday, hitting $13.50. 1,869,713 shares of the stock were exchanged, compared to its average volume of 1,694,865. The business has a fifty day moving average price of $13.12 and a 200 day moving average price of $15.15. Arlo Technologies, Inc. has a 12 month low of $7.84 and a 12 month high of $19.94. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 103.82 and a beta of 1.65.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $141.30 million during the quarter, compared to analysts’ expectations of $135.57 million. Arlo Technologies had a return on equity of 10.76% and a net margin of 2.82%.The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. As a group, equities analysts forecast that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.

Arlo Technologies announced that its Board of Directors has initiated a stock buyback program on Wednesday, March 4th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

ARLO has been the topic of several research reports. Weiss Ratings raised shares of Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 6th. Zacks Research cut shares of Arlo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Arlo Technologies has an average rating of “Moderate Buy” and an average target price of $23.33.

Institutional Investors Weigh In On Arlo Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in Arlo Technologies by 28.8% during the 1st quarter. AQR Capital Management LLC now owns 406,688 shares of the company’s stock valued at $4,014,000 after acquiring an additional 90,970 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Arlo Technologies by 15.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 171,986 shares of the company’s stock worth $1,698,000 after purchasing an additional 23,068 shares during the period. Millennium Management LLC lifted its position in Arlo Technologies by 116.1% in the first quarter. Millennium Management LLC now owns 455,692 shares of the company’s stock valued at $4,498,000 after purchasing an additional 244,783 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Arlo Technologies by 115.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,552,652 shares of the company’s stock valued at $15,325,000 after purchasing an additional 830,770 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Arlo Technologies by 279.8% during the first quarter. Jane Street Group LLC now owns 292,302 shares of the company’s stock valued at $2,885,000 after purchasing an additional 215,343 shares during the period. Institutional investors own 83.18% of the company’s stock.

Arlo Technologies Company Profile

Arlo Technologies, Inc (NYSE: ARLO) is a provider of smart home security products and services designed for residential and small business customers. The company offers a portfolio of wireless and Wi-Fi-enabled security cameras, video doorbells, smart lighting solutions, and associated accessories. Arlo integrates advanced video analytics, motion detection, cloud storage, and two-way audio capabilities to deliver end-to-end security and monitoring solutions accessible through mobile applications and web interfaces.

Founded as a division of Netgear, Inc in 2014 and spun off as an independent public company in 2018, Arlo Technologies has established a presence in North America, Europe, Australia and parts of Asia.