13,725 Shares in Samsara Inc. $IOT Acquired by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC acquired 13,725 shares of Samsara Inc. (NYSE:IOT) during the second quarter, valued at approximately $546,000.
• Samsara reported $0.12 earnings per share for the last quarter, exceeding estimates, with revenue of $391.48 million, marking a 30.4% year-over-year increase.
• Analysts have varied opinions on Samsara; while Craig Hallum upgraded it to a "buy" rating with a price target of $48.00, Zacks downgraded it to "hold".

GC Wealth Management RIA LLC acquired a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,725 shares of the company's stock, valued at approximately $546,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IOT. Jennison Associates LLC boosted its stake in Samsara by 1,881.8% during the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock worth $450,881,000 after buying an additional 11,169,571 shares during the last quarter. Vanguard Group Inc. boosted its stake in Samsara by 12.0% during the first quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company's stock worth $900,581,000 after buying an additional 2,516,882 shares during the last quarter. Baillie Gifford & Co. boosted its stake in Samsara by 7.1% during the first quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock worth $1,352,186,000 after buying an additional 2,348,101 shares during the last quarter. Bessemer Group Inc. boosted its stake in Samsara by 2,635,339.0% during the first quarter. Bessemer Group Inc. now owns 1,080,530 shares of the company's stock worth $41,418,000 after buying an additional 1,080,489 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Samsara by 58.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,823,484 shares of the company's stock worth $108,224,000 after buying an additional 1,047,068 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Samsara Trading Up 0.1%

IOT opened at $37.26 on Wednesday. The stock's 50-day moving average price is $36.77 and its 200 day moving average price is $39.25. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90. The firm has a market cap of $21.37 billion, a price-to-earnings ratio of -232.84 and a beta of 1.61.

Samsara (NYSE:IOT - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The firm had revenue of $391.48 million for the quarter, compared to analyst estimates of $372.22 million. During the same quarter in the prior year, the company earned $0.05 EPS. Samsara's revenue was up 30.4% on a year-over-year basis. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, research analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Activity at Samsara

In other Samsara news, insider John Bicket sold 36,579 shares of the company's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $37.50, for a total transaction of $1,371,712.50. Following the sale, the insider owned 903,173 shares in the company, valued at $33,868,987.50. This represents a 3.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Eltoukhy sold 4,767 shares of the company's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $39.40, for a total value of $187,819.80. Following the sale, the insider owned 302,698 shares in the company, valued at approximately $11,926,301.20. This trade represents a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,715,775 shares of company stock worth $139,717,268 over the last quarter. 46.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

IOT has been the topic of a number of recent research reports. Craig Hallum raised Samsara from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $42.00 to $48.00 in a research note on Friday, September 5th. Zacks Research lowered Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Piper Sandler upped their price target on Samsara from $47.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Truist Financial upped their price target on Samsara from $35.00 to $39.00 and gave the company a "hold" rating in a research note on Friday, September 5th. Finally, Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Samsara presently has an average rating of "Moderate Buy" and a consensus target price of $49.38.

Samsara Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.

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