Were Hedge Funds Right About Arlo Technologies, Inc. (ARLO)?
In this article we will take a look at whether hedge funds think Arlo Technologies, Inc. (NYSE:ARLO) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.
Is
Arlo Technologies, Inc. (NYSE:ARLO) the right investment to pursue these days? Prominent investors were taking a bullish view. The number of bullish hedge fund positions went up by 1 recently. Arlo Technologies, Inc. (NYSE:ARLO) was in 18 hedge funds’ portfolios at the end of the first quarter of 2021. The all time high for this statistic was previously 17. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. Our calculations also showed that ARLO isn’t among the 30 most popular stocks among hedge funds (click for Q1 rankings).