Insider Selling: Arlo Technologies (NYSE:ARLO) CEO Sells $2,114,306.74 in Stock

Arlo Technologies, Inc. (NYSE:ARLO) CEO Matthew Blake Mcrae sold 153,433 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $13.78, for a total value of $2,114,306.74. Following the sale, the chief executive officer owned 1,168,866 shares in the company, valued at $16,106,973.48. This trade represents a 11.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $14.93, for a total value of $417,009.83.
• On Friday, February 6th, Matthew Blake Mcrae sold 95,326 shares of Arlo Technologies stock. The stock was sold at an average price of $12.29, for a total value 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 value of $223,892.30.
• On Wednesday, February 4th, Matthew Blake Mcrae sold 58,604 shares of Arlo Technologies stock. The shares were sold at an average price of $12.65, for a total value 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 stock was sold at an average price of $13.69, for a total value of $1,233,318.41.

Arlo Technologies Price Performance

Shares of ARLO stock opened at $13.61 on Friday. Arlo Technologies, Inc. has a 1-year low of $7.84 and a 1-year high of $19.94. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 104.66 and a beta of 1.65. The stock has a 50 day simple moving average of $13.13 and a 200-day simple moving average of $15.11.

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

Arlo Technologies declared that its board has initiated a stock buyback plan on Wednesday, March 4th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ARLO. Weiss Ratings upgraded shares of Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, March 6th. Zacks Research cut Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Arlo Technologies has an average rating of “Moderate Buy” and an average target price of $23.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in Arlo Technologies by 2.3% during the 3rd quarter. Arizona State Retirement System now owns 30,597 shares of the company’s stock worth $519,000 after purchasing an additional 702 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Arlo Technologies by 86.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock worth $28,000 after buying an additional 747 shares in the last quarter. Quarry LP raised its position in shares of Arlo Technologies by 42.0% in the third quarter. Quarry LP now owns 2,649 shares of the company’s stock valued at $45,000 after buying an additional 783 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Arlo Technologies by 3.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,268 shares of the company’s stock valued at $340,000 after buying an additional 800 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Arlo Technologies by 5.4% in the second quarter. Bank of Montreal Can now owns 15,694 shares of the company’s stock worth $266,000 after buying an additional 810 shares in the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

About Arlo Technologies

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.