Candriam S.C.A. Invests $697,000 in Samsara Inc. $IOT

Key Points

• Candriam S.C.A. has acquired 18,177 shares of Samsara Inc. (NYSE:IOT), valued at approximately $697,000, signaling increased institutional interest in the company.
• Samsara's recent quarterly earnings report showed a revenue increase of 30.7% year-over-year, with an EPS of $0.11, surpassing estimates, despite negative margins.
• Analysts have mixed sentiments, with price targets ranging from $45 to $54 and an average rating of "Hold," indicating cautious optimism in the stock's performance.

Candriam S.C.A. acquired a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,177 shares of the company's stock, valued at approximately $697,000.

A number of other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in shares of Samsara by 262.0% in the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after acquiring an additional 414 shares during the last quarter. Keystone Financial Group Inc. boosted its stake in shares of Samsara by 300.0% during the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock valued at $25,000 after buying an additional 450 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Samsara in the 1st quarter worth about $31,000. Fourth Dimension Wealth LLC bought a new position in Samsara during the fourth quarter valued at approximately $38,000. Finally, CWM LLC increased its position in Samsara by 385.3% during the first quarter. CWM LLC now owns 1,053 shares of the company's stock worth $40,000 after buying an additional 836 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IOT. Truist Financial lowered their price target on Samsara from $42.00 to $35.00 and set a "hold" rating on the stock in a research report on Monday. Piper Sandler restated an "overweight" rating and set a $47.00 price objective (down previously from $53.00) on shares of Samsara in a report on Thursday, August 7th. Wells Fargo & Company increased their target price on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Wall Street Zen downgraded Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Zacks Research downgraded Samsara from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $49.71.

Samsara Stock Performance

IOT traded down $0.46 during midday trading on Friday, reaching $35.99. 1,897,529 shares of the company were exchanged, compared to its average volume of 4,678,472. The stock's 50-day simple moving average is $36.98 and its 200 day simple moving average is $40.85. The stock has a market capitalization of $20.49 billion, a P/E ratio of -163.80 and a beta of 1.62. Samsara Inc. has a one year low of $31.40 and a one year high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. Samsara had a negative net margin of 9.04% and a negative return on equity of 11.14%. The company had revenue of $366.88 million during the quarter, compared to analyst estimates of $351.44 million. During the same quarter in the previous year, the business earned $0.03 EPS. The firm's revenue was up 30.7% on a year-over-year basis. Samsara has set its FY 2026 guidance at 0.390-0.410 EPS. Q2 2026 guidance at 0.060-0.070 EPS. On average, research analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current year.

Insiders Place Their Bets

In other Samsara news, major shareholder Parallel Fund Iv L.P. Ah sold 399,026 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $41.33, for a total value of $16,491,744.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marc L. Andreessen sold 399,026 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $41.33, for a total value of $16,491,744.58. The disclosure for this sale can be found here. Insiders sold a total of 2,931,317 shares of company stock valued at $115,635,442 in the last three months. Insiders own 46.49% of the company's stock.

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.