Matthew Blake Mcrae Sells 153,433 Shares of Arlo Technologies (NYSE:ARLO) 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 of the company’s stock, valued at $16,106,973.48. This represents a 11.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 value 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 value of $1,171,556.54.
• On Thursday, February 5th, Matthew Blake Mcrae sold 18,085 shares of Arlo Technologies stock. The shares were 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 stock was 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 shares were sold at an average price of $13.69, for a total value of $1,233,318.41.

Arlo Technologies Trading Up 0.7%

ARLO stock opened at $13.61 on Friday. The firm has a 50 day simple moving average of $13.13 and a 200-day simple moving average of $15.13. The company has a market capitalization of $1.45 billion, a P/E ratio of 104.66 and a beta of 1.65. Arlo Technologies, Inc. has a twelve month low of $7.84 and a twelve month high of $19.94.

Arlo Technologies (NYSE:ARLO) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.22 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 the consensus estimate 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 was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. Arlo Technologies has set its Q1 2026 guidance at 0.170-0.230 EPS. On average, research analysts predict that Arlo Technologies, Inc. will post -0.29 EPS for the current year.

Arlo Technologies declared that its Board of Directors has approved a stock repurchase program on Wednesday, March 4th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its holdings in shares of Arlo Technologies by 86.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company’s stock valued at $28,000 after buying an additional 747 shares during the period. Hantz Financial Services Inc. grew its position in shares of Arlo Technologies by 763.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock valued at $28,000 after buying an additional 1,748 shares during the last quarter. Quarry LP raised its stake in Arlo Technologies by 42.0% during the third quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after acquiring an additional 783 shares during the period. Strs Ohio acquired a new stake in Arlo Technologies during the first quarter worth about $66,000. Finally, Quadrant Capital Group LLC bought a new position in Arlo Technologies in the third quarter worth about $86,000. 83.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Weiss Ratings raised Arlo Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, March 6th. Zacks Research downgraded Arlo Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.33.

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.