43,950 Shares in Samsara Inc. $IOT Acquired by Polar Asset Management Partners Inc.

Key Points

• Polar Asset Management opened a new Q3 position in Samsara, purchasing 43,950 shares valued at about $1.64 million.
• Insiders have been heavy sellers recently: John Bicket and Sanjit Biswas each sold 263,900 shares on Feb. 17, insiders sold 2,506,517 shares (~$76.3M) over the past 90 days, and insiders still own roughly 46.49% of the stock.
• Samsara beat quarterly estimates with $0.18 EPS vs. $0.13 expected and $444.3M revenue (+28.3% YoY), issued FY2027 EPS guidance of $0.65–0.69, and carries a consensus analyst rating of Moderate Buy with an average target of $46.18.

Polar Asset Management Partners Inc. purchased a new position in Samsara Inc. (NYSE:IOT - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 43,950 shares of the company's stock, valued at approximately $1,637,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Samsara by 18.3% in the second quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company's stock worth $1,106,012,000 after purchasing an additional 4,307,755 shares during the last quarter. Norges Bank purchased a new position in shares of Samsara in the second quarter worth $134,950,000. State Street Corp raised its holdings in Samsara by 107.8% during the 2nd quarter. State Street Corp now owns 5,611,956 shares of the company's stock valued at $223,244,000 after buying an additional 2,910,916 shares during the last quarter. Sands Capital Management LLC raised its holdings in Samsara by 17.2% during the 2nd quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company's stock valued at $766,808,000 after buying an additional 2,833,049 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Samsara by 363.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,181,099 shares of the company's stock valued at $118,496,000 after buying an additional 2,494,368 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insiders Place Their Bets

In other Samsara news, insider John Bicket sold 263,900 shares of Samsara stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $25.87, for a total transaction of $6,827,093.00. Following the sale, the insider directly owned 57,600 shares of the company's stock, valued at approximately $1,490,112. The trade was a 82.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sanjit Biswas sold 263,900 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $25.87, for a total value of $6,827,093.00. Following the transaction, the insider owned 57,600 shares in the company, valued at $1,490,112. This trade represents a 82.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,506,517 shares of company stock valued at $76,297,638 over the last ninety days. 46.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IOT shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Samsara in a report on Thursday, January 22nd. Royal Bank Of Canada increased their target price on shares of Samsara from $35.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, March 6th. The Goldman Sachs Group set a $45.00 target price on Samsara in a research note on Monday, March 2nd. Bank of America upped their price target on Samsara from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, December 5th. Finally, Jefferies Financial Group set a $57.00 price objective on Samsara in a report on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $46.18.

Samsara Trading Down 0.2%

NYSE:IOT opened at $33.61 on Friday. The company has a 50-day moving average price of $29.96 and a 200-day moving average price of $35.44. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $48.40. The stock has a market cap of $19.39 billion, a price-to-earnings ratio of -1,679.66, a P/E/G ratio of 12.35 and a beta of 1.60.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Samsara had a negative net margin of 0.56% and a negative return on equity of 0.72%. The company had revenue of $444.30 million for the quarter, compared to analysts' expectations of $422.29 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. Samsara's quarterly revenue was up 28.3% on a year-over-year basis. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. Equities analysts forecast that Samsara Inc. will post -0.3 EPS for the current fiscal year.

About Samsara

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.