Adage Capital Partners GP L.L.C. Has $42.16 Million Stake in Samsara Inc. $IOT

Key Points

• Adage Capital Partners GP L.L.C. has increased its stake in Samsara Inc. by 22.2%, now holding 1,100,000 shares valued at approximately $42.16 million.
• Insider selling activity has been notable, with John Bicket and Sanjit Biswas each selling over 67,000 and 57,000 shares respectively on August 20th, decreasing their holdings significantly.
• Analysts have mixed ratings for Samsara, with target prices ranging from $35 to $54, reflecting a cautious outlook amidst a recent drop in stock value.

Adage Capital Partners GP L.L.C. lifted its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 22.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100,000 shares of the company's stock after purchasing an additional 200,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.19% of Samsara worth $42,163,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keystone Financial Group Inc. increased its position in shares of Samsara by 300.0% during the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock worth $25,000 after acquiring an additional 450 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Samsara in the first quarter valued at $31,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Samsara during the fourth quarter worth about $38,000. CWM LLC boosted its stake in shares of 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 period. Finally, AlphaQuest LLC boosted its stake in shares of Samsara by 519.6% during the first quarter. AlphaQuest LLC now owns 1,041 shares of the company's stock worth $40,000 after buying an additional 873 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Samsara Trading Down 1.6%

Shares of NYSE:IOT traded down $0.67 during trading on Monday, hitting $41.43. 9,021,440 shares of the company's stock were exchanged, compared to its average volume of 4,859,143. The firm has a market cap of $23.58 billion, a P/E ratio of -258.91 and a beta of 1.61. The firm has a 50-day moving average price of $36.67 and a two-hundred day moving average price of $39.76. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $391.48 million during the quarter, compared to analysts' expectations of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.80%. The business's quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. As a group, research analysts predict that Samsara Inc. will post -0.3 EPS for the current year.

Insider Activity at Samsara

In related news, major shareholder Parallel Fund Iv L.P. Ah sold 399,026 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $41.33, for a total transaction of $16,491,744.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider John Bicket sold 170,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $39.42, for a total transaction of $6,701,400.00. Following the completion of the transaction, the insider directly owned 367,642 shares in the company, valued at approximately $14,492,447.64. This represents a 31.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,910,783 shares of company stock valued at $111,188,818 over the last three months. Company insiders own 46.49% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Evercore ISI set a $45.00 price objective on shares of Samsara in a research report on Wednesday, June 25th. 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 report on Friday, June 6th. Piper Sandler raised their price objective on shares of Samsara from $47.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday. Royal Bank Of Canada lifted their target price on shares of Samsara from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Zacks Research lowered shares of Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.