Janus Henderson Group PLC Boosts Stake in Arlo Technologies, Inc. $ARLO

Janus Henderson Group PLC raised its holdings in Arlo Technologies, Inc. (NYSE:ARLO) by 74.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,615,569 shares of the company’s stock after acquiring an additional 687,129 shares during the period. Janus Henderson Group PLC’s holdings in Arlo Technologies were worth $22,990,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ARLO. Hantz Financial Services Inc. increased its position in shares of Arlo Technologies by 763.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,977 shares of the company’s stock worth $28,000 after purchasing an additional 1,748 shares during the last quarter. Quarry LP increased its holdings in shares of Arlo Technologies by 42.0% in the 3rd quarter. Quarry LP now owns 2,649 shares of the company’s stock worth $45,000 after buying an additional 783 shares during the last quarter. Strs Ohio purchased a new stake in shares of Arlo Technologies during the 1st quarter valued at $66,000. Quadrant Capital Group LLC purchased a new stake in shares of Arlo Technologies during the 3rd quarter valued at $86,000. Finally, EverSource Wealth Advisors LLC lifted 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 acquiring an additional 5,301 shares during the last quarter. Hedge funds and other institutional investors own 83.18% of the company’s stock.

Arlo Technologies Stock Performance

ARLO stock opened at $14.99 on Tuesday. Arlo Technologies, Inc. has a 52 week low of $11.05 and a 52 week high of $19.94. The firm’s fifty day moving average is $13.20 and its 200 day moving average is $13.42. The firm has a market cap of $1.63 billion, a P/E ratio of 55.54 and a beta of 1.56.

Arlo Technologies (NYSE:ARLO) last issued its earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. The company had revenue of $150.38 million for the quarter, compared to analysts’ expectations of $139.72 million. Arlo Technologies had a net margin of 5.47% and a return on equity of 18.66%. The firm’s revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. Arlo Technologies has set its Q2 2026 guidance at 0.17-0.230 EPS. As a group, analysts forecast that Arlo Technologies, Inc. will post 0.2 EPS for the current year.

Insider Activity at Arlo Technologies

In other news, CFO Kurtis Joseph Binder sold 65,000 shares of Arlo Technologies stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $15.70, for a total value of $1,020,500.00. Following the transaction, the chief financial officer owned 499,885 shares in the company, valued at approximately $7,848,194.50. The trade was a 11.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ARLO. Weiss Ratings upgraded shares of Arlo Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $19.00 price target on shares of Arlo Technologies in a research note on Friday, May 8th. Oppenheimer initiated coverage on Arlo Technologies in a report on Monday, May 18th. They issued an “outperform” rating and a $20.00 price objective for the company. UBS Group set a $20.00 price objective on Arlo Technologies in a report on Monday, May 18th. Finally, Piper Sandler started coverage on Arlo Technologies in a report on Sunday, July 26th. They set an “overweight” rating and a $17.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.67.

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.