Man Group plc Makes New Investment in Arlo Technologies, Inc. $ARLO

Man Group plc acquired a new stake in Arlo Technologies, Inc. (NYSE:ARLO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 291,483 shares of the company’s stock, valued at approximately $3,929,000.

Other large investors have also modified their holdings of the company. Hantz Financial Services Inc. raised its position in Arlo Technologies by 763.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock valued at $28,000 after purchasing an additional 1,748 shares during the last quarter. Quarry LP boosted its stake in Arlo Technologies by 42.0% during the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after purchasing an additional 783 shares during the period. Strs Ohio purchased a new position in Arlo Technologies during the 1st quarter worth $66,000. Quadrant Capital Group LLC purchased a new position in Arlo Technologies during the 3rd quarter worth $86,000. Finally, Quantbot Technologies LP acquired a new position in Arlo Technologies in the second quarter valued at $88,000. 83.18% of the stock is owned by institutional investors and hedge funds.

Arlo Technologies Stock Performance

ARLO stock opened at $12.88 on Monday. Arlo Technologies, Inc. has a one year low of $11.05 and a one year high of $19.94. The stock has a market capitalization of $1.40 billion, a PE ratio of 47.71 and a beta of 1.56. The company has a fifty day moving average of $13.58 and a 200-day moving average of $13.53.

Arlo Technologies (NYSE:ARLO) last issued its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.08. Arlo Technologies had a net margin of 5.20% and a return on equity of 17.29%. The business had revenue of $155.94 million for the quarter, compared to the consensus estimate of $148.94 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. Arlo Technologies has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at 0.170-0.230 EPS. Equities analysts forecast that Arlo Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arlo Technologies news, CFO Kurtis Joseph Binder sold 27,297 shares of Arlo Technologies stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $15.52, for a total value of $423,649.44. Following the sale, the chief financial officer owned 442,110 shares of the company’s stock, valued at approximately $6,861,547.20. The trade was a 5.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 57,775 shares of company stock valued at $845,139. 2.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Raymond James Financial reissued an “outperform” rating and set a $19.00 price target on shares of Arlo Technologies in a report on Friday, May 8th. William Blair began coverage on Arlo Technologies in a research note on Tuesday, July 7th. They set an “outperform” rating for the company. Oppenheimer initiated coverage on Arlo Technologies in a research report on Monday, May 18th. They set an “outperform” rating and a $20.00 price objective for the company. Finally, Weiss Ratings downgraded Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $20.60.

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.