Man Group plc Makes New $3.93 Million Investment in Arlo Technologies, Inc. $ARLO

Man Group plc acquired a new stake in Arlo Technologies, Inc. (NYSE:ARLO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 291,483 shares of the company’s stock, valued at approximately $3,929,000. Man Group plc owned approximately 0.27% of Arlo Technologies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. 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 in the last quarter. Quarry LP grew its position in shares of 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 buying an additional 783 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in shares of Arlo Technologies during the third quarter worth about $86,000. EverSource Wealth Advisors LLC raised its holdings in Arlo Technologies by 1,682.9% in the second quarter. EverSource Wealth Advisors LLC now owns 5,616 shares of the company’s stock valued at $95,000 after acquiring an additional 5,301 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Arlo Technologies in the second quarter worth approximately $88,000. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Kurtis Joseph Binder sold 27,297 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $15.52, for a total value of $423,649.44. Following the completion of the sale, the chief financial officer directly owned 442,110 shares of the company’s stock, valued at $6,861,547.20. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,775 shares of company stock valued at $845,139 over the last three months. 2.90% of the stock is owned by insiders.

Arlo Technologies Stock Down 0.1%

Shares of Arlo Technologies stock opened at $12.88 on Monday. Arlo Technologies, Inc. has a 52 week low of $11.05 and a 52 week high of $19.94. The firm’s 50 day moving average is $13.58 and its two-hundred day moving average is $13.53. The firm has a market capitalization of $1.40 billion, a P/E ratio of 47.71 and a beta of 1.56.

Arlo Technologies (NYSE:ARLO) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $148.94 million. During the same quarter in the previous year, the firm earned $0.17 EPS. The company’s 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. As a group, research analysts expect that Arlo Technologies, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ARLO shares. William Blair assumed coverage on shares of Arlo Technologies in a research report on Tuesday, July 7th. They issued an “outperform” rating on the stock. UBS Group set a $20.00 price objective on shares of Arlo Technologies in a research report on Monday, May 18th. Weiss Ratings lowered Arlo Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Piper Sandler raised their price target on Arlo Technologies from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Wall Street Zen raised Arlo Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Arlo Technologies has a consensus rating of “Moderate Buy” and an average target price of $20.60.

Arlo Technologies 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.