Key Points
- General Counsel Brian Busse sold 31,407 shares of Arlo on Feb 6 at an average price of $12.29 for $385,992, leaving him with 552,850 shares (a 5.38% reduction).
- The trade is part of broader recent insider selling — including CEO Matthew Mcrae's sale of 172,015 shares (~$2.14M) — which the article flags as a potentially negative signal for insider conviction.
- For context, ARLO opened at $12.41 (up ~3.2%), the company has a market cap of about $1.32B and an average analyst rating of "Moderate Buy" with a $23 price target.
Arlo Technologies, Inc. (NYSE:ARLO - Get Free Report) General Counsel Brian Busse sold 15,922 shares of Arlo Technologies stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $12.65, for a total value of $201,413.30. Following the completion of the sale, the general counsel owned 526,847 shares of the company's stock, valued at $6,664,614.55. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Brian Busse also recently made the following trade(s):
- On Friday, February 6th, Brian Busse sold 31,407 shares of Arlo Technologies stock. The shares were sold at an average price of $12.29, for a total value of $385,992.03.
- On Friday, January 30th, Brian Busse sold 8,245 shares of Arlo Technologies stock. The stock was sold at an average price of $12.81, for a total transaction of $105,618.45.
- On Friday, January 9th, Brian Busse sold 18,841 shares of Arlo Technologies stock. The stock was sold at an average price of $13.69, for a total value of $257,933.29.
- On Friday, November 14th, Brian Busse sold 149,521 shares of Arlo Technologies stock. The stock was sold at an average price of $14.37, for a total transaction of $2,148,616.77.
Arlo Technologies Stock Performance
Shares of ARLO opened at $12.41 on Friday. Arlo Technologies, Inc. has a one year low of $7.84 and a one year high of $19.94. The stock has a market cap of $1.32 billion, a P/E ratio of 413.80 and a beta of 1.66. The stock has a 50-day moving average of $13.69 and a two-hundred day moving average of $15.77.
Arlo Technologies (NYSE:ARLO - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. The company had revenue of $139.53 million during the quarter, compared to the consensus estimate of $138.69 million. Arlo Technologies had a net margin of 0.84% and a return on equity of 2.00%. The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. Analysts predict that Arlo Technologies, Inc. will post -0.29 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have weighed in on ARLO. Wall Street Zen upgraded shares of Arlo Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 11th. Zacks Research lowered shares of Arlo Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 6th. Weiss Ratings reissued a "hold (c-)" rating on shares of Arlo Technologies in a research note on Monday, December 29th. Finally, BWS Financial reissued a "buy" rating and issued a $26.00 price target on shares of Arlo Technologies in a research note on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $23.00.
Get Our Latest Report on Arlo Technologies
Key Stories Impacting Arlo Technologies
Here are the key news stories impacting Arlo Technologies this week:
- Negative Sentiment: CEO Matthew Blake Mcrae sold a total of 172,015 shares across three transactions (Feb 4, 5 and 6) at average prices between $12.29–$12.65, raising about $2.14M and in one filing showing an 8.61% reduction in his position. These are sizable, recent insider sales that investors often view as negative signal for insider conviction. SEC Form 4 — Mcrae
- Negative Sentiment: General Counsel Brian Busse sold 47,329 shares across two trades (Feb 4 and 6) at ~ $12.29–$12.65, generating roughly $587K and reducing his stake by several percent. Additional insider selling from senior legal leadership adds to the negative optics. SEC Form 4 — Busse
Institutional Investors Weigh In On Arlo Technologies
A number of institutional investors and hedge funds have recently modified their holdings of ARLO. Smartleaf Asset Management LLC grew its position in shares of Arlo Technologies by 86.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,616 shares of the company's stock valued at $28,000 after purchasing an additional 747 shares during the last quarter. Quarry LP grew 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 purchasing an additional 783 shares during the period. First Horizon Advisors Inc. grew its holdings in Arlo Technologies by 161.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,220 shares of the company's stock valued at $55,000 after buying an additional 1,988 shares during the period. Quadrant Capital Group LLC acquired a new position in Arlo Technologies during the third quarter worth approximately $86,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Arlo Technologies by 1,682.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company's stock worth $95,000 after buying an additional 5,301 shares during the last quarter. Institutional investors and hedge funds own 83.18% of the company's stock.
About Arlo Technologies
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
