Arlo Technologies, Inc. (NYSE:ARLO) director Amy M. Rothstein has sold a portion of her stake in the company, according to the latest SEC filings. On June 13, 2024, Rothstein sold 25,000 shares of Arlo Technologies stock at an average price of $13.373 per share, for a total of approximately $334,325.
The sale was conducted under a pre-arranged 10b5-1 trading plan, which allows company insiders to establish a pre-determined trading schedule. The trading plan was adopted by Rothstein on March 14, 2024, providing a systematic approach to selling shares that is intended to avoid the risk that insiders may be trading on non-public information.
Investors who follow insider transactions may note that the price range for Rothstein’s sale was between $13.02 and $13.67 per share. The weighted average price of the transaction was reported at $13.373. After the sale, Rothstein still owns a total of 76,271 shares of Arlo Technologies, indicating an ongoing interest in the company’s performance.
Arlo Technologies, based in Carlsbad, California, specializes in home audio and video equipment, an industry that has seen significant growth and innovation in recent years. The company’s shares are traded on the New York Stock Exchange under the symbol ARLO.
Like all insider transactions, Director Rothstein’s reported sale provides investors with insight into executive confidence and financial moves within the company. However, it should be noted that insider sales can occur for various reasons and do not necessarily reflect a negative view on the company’s future.
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