Arlo Technologies (NYSE:ARLO) is a company known for its innovative security solutions, including wireless cameras and smart home products. The company competes with other tech firms in the security and smart home industry. Recently, its CEO, Matthew Blake McRae, made headlines with a significant stock transaction.
On January 9, 2026, McRae sold 90,089 shares of Arlo's common stock at approximately $13.69 each, totaling around $1.23 million. Despite this sale, McRae still holds 1,018,163 shares, valued at about $13.94 million. This transaction marks an 8.13% decrease in his ownership, as highlighted by the SEC filing.
This isn't McRae's first sale in recent months. On December 1st, he sold 257,242 shares at an average price of $14.28, totaling approximately $3.67 million. Earlier, on November 4th, he sold 18,645 shares at an average price of $17.86. These sales indicate a pattern of reducing his stake in the company.
Currently, ARLO's stock price is $13.58, reflecting a decrease of 1.88% or $0.26. The stock has traded between $13.52 and $13.94 today. Over the past year, ARLO has seen a high of $19.94 and a low of $7.84, with a market capitalization of about $1.4 billion and a trading volume of 1,158,613 shares.
