22,751 Shares in Samsara Inc. $IOT Acquired by Lunate Capital Ltd

Key Points

• Lunate Capital Ltd acquired 22,751 shares of Samsara Inc. ($IOT) valued at approximately $905,000, making it the 5th largest position in its portfolio.
• Samsara reported a quarterly EPS of $0.12, which exceeded analysts' expectations, alongside a revenue increase of 30.4% year-over-year to $391.48 million.
• The stock has seen significant insider selling, with over 793,000 shares sold by major shareholders in recent transactions, raising questions about future performance and confidence among insiders.

Lunate Capital Ltd purchased a new position in Samsara Inc. (NYSE:IOT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 22,751 shares of the company's stock, valued at approximately $905,000. Samsara comprises about 0.5% of Lunate Capital Ltd's portfolio, making the stock its 5th biggest position.

A number of other large investors also recently modified their holdings of the company. Vident Advisory LLC raised its holdings in shares of Samsara by 66.2% in the 1st quarter. Vident Advisory LLC now owns 14,282 shares of the company's stock valued at $547,000 after purchasing an additional 5,691 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Samsara in the first quarter valued at $1,457,000. Ontario Teachers Pension Plan Board lifted its holdings in Samsara by 213.4% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,121 shares of the company's stock worth $733,000 after buying an additional 13,020 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of Samsara during the 1st quarter worth about $357,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Samsara by 18.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,229,773 shares of the company's stock valued at $85,467,000 after acquiring an additional 352,829 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Price Performance

Shares of Samsara stock opened at $38.04 on Monday. The firm's fifty day simple moving average is $36.81 and its 200-day simple moving average is $39.27. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90. The stock has a market capitalization of $21.82 billion, a price-to-earnings ratio of -237.76 and a beta of 1.61.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $391.48 million for the quarter, compared to the consensus estimate of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. Samsara's revenue for the quarter was up 30.4% on a year-over-year basis. During the same period last year, the firm posted $0.05 EPS. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. Analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other Samsara news, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total transaction of $30,582,910.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sanjit Biswas sold 133,410 shares of Samsara stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $38.97, for a total value of $5,198,987.70. Following the completion of the transaction, the insider owned 42,000 shares in the company, valued at $1,636,740. This trade represents a 76.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,710,842 shares of company stock worth $139,532,429. Corporate insiders own 46.49% of the company's stock.

Analyst Upgrades and Downgrades

IOT has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on Samsara from $54.00 to $47.00 and set an "outperform" rating for the company in a research note on Friday, September 5th. Royal Bank Of Canada boosted their price objective on shares of Samsara from $44.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Truist Financial increased their target price on shares of Samsara from $35.00 to $39.00 and gave the company a "hold" rating in a research report on Friday, September 5th. Zacks Research lowered shares of Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Piper Sandler boosted their price target on shares of Samsara from $47.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $49.38.

Samsara Company 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.

Want to see what other hedge funds are holding IOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Samsara Inc. (NYSE:IOT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.