Allspring Global Investments Holdings LLC Buys 101,363 Shares of Samsara Inc. $IOT

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Samsara Inc. by purchasing 101,363 shares, raising its total ownership to approximately 2,010,699 shares, valued at $78.7 million.
• Samsara reported strong quarterly earnings with $0.12 EPS, surpassing analyst expectations of $0.07, alongside revenue growth of 30.4% year-over-year.
• Despite recent insider selling, where key shareholders sold over 3.7 million shares valued at more than $140 million, institutional investors hold around 96.02% of Samsara's stock.

Allspring Global Investments Holdings LLC increased its position in Samsara Inc. (NYSE:IOT - Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,010,699 shares of the company's stock after purchasing an additional 101,363 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.35% of Samsara worth $78,739,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Keystone Financial Group Inc. lifted its holdings in shares of Samsara by 300.0% in the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock worth $25,000 after buying an additional 450 shares during the period. Family Legacy Financial Solutions LLC purchased a new stake in Samsara in the second quarter worth about $40,000. AlphaQuest LLC grew its holdings in Samsara by 519.6% during the 1st quarter. AlphaQuest LLC now owns 1,041 shares of the company's stock worth $40,000 after acquiring an additional 873 shares in the last quarter. CWM LLC increased its position in Samsara by 385.3% during the 1st quarter. CWM LLC now owns 1,053 shares of the company's stock valued at $40,000 after purchasing an additional 836 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Samsara by 31.9% in the 2nd quarter. UMB Bank n.a. now owns 1,904 shares of the company's stock valued at $76,000 after purchasing an additional 461 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Samsara Price Performance

Shares of NYSE:IOT opened at $37.58 on Tuesday. The business's 50-day moving average is $36.88 and its 200 day moving average is $39.16. Samsara Inc. has a 1 year low of $31.40 and a 1 year high of $61.90. The firm has a market capitalization of $21.55 billion, a P/E ratio of -234.84 and a beta of 1.60.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. The business had revenue of $391.48 million for the quarter, compared to analyst estimates of $372.22 million. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The company's revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, analysts expect that Samsara Inc. will post -0.3 EPS for the current year.

Insider Activity at Samsara

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total value of $30,582,910.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of Samsara stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total value of $30,582,910.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,734,679 shares of company stock worth $140,267,375. 46.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IOT. Evercore ISI set a $50.00 price objective on shares of Samsara and gave the company an "outperform" rating in a research note on Wednesday, October 1st. Zacks Research downgraded Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. BMO Capital Markets reduced their price target on Samsara from $54.00 to $47.00 and set an "outperform" rating for the company in a research report on Friday, September 5th. Royal Bank Of Canada raised their price objective on Samsara from $44.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. Finally, Piper Sandler lifted their target price on Samsara from $47.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $49.55.

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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