AQR Capital Management LLC Sells 211,717 Shares of Samsara Inc. $IOT

AQR Capital Management LLC lowered its position in Samsara Inc. (NYSE:IOT - Free Report) by 20.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 831,217 shares of the company's stock after selling 211,717 shares during the quarter. AQR Capital Management LLC owned approximately 0.15% of Samsara worth $30,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Gerber Kawasaki Wealth & Investment Management lifted its stake in Samsara by 0.5% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 54,000 shares of the company's stock worth $2,070,000 after purchasing an additional 250 shares during the last quarter. Nemes Rush Group LLC lifted its stake in shares of Samsara by 7.8% in the 1st quarter. Nemes Rush Group LLC now owns 3,597 shares of the company's stock valued at $138,000 after acquiring an additional 260 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Samsara by 4.6% in the 4th quarter. Tidal Investments LLC now owns 6,403 shares of the company's stock valued at $280,000 after acquiring an additional 281 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of Samsara by 32.1% in the 4th quarter. Continuum Advisory LLC now owns 1,161 shares of the company's stock valued at $51,000 after acquiring an additional 282 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Samsara by 13.1% in the first quarter. Advisors Asset Management Inc. now owns 3,022 shares of the company's stock valued at $116,000 after purchasing an additional 351 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Insider Transactions at Samsara

In other Samsara news, insider Sanjit Biswas sold 160,000 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $39.58, for a total value of $6,332,800.00. Following the completion of the transaction, the insider owned 78,000 shares in the company, valued at approximately $3,087,240. This represents a 67.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Bicket sold 170,000 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $39.42, for a total value of $6,701,400.00. Following the completion of the transaction, the insider owned 367,642 shares of the company's stock, valued at approximately $14,492,447.64. This trade represents a 31.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,697,676 shares of company stock worth $139,306,762 in the last ninety days. 46.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on IOT. Royal Bank Of Canada boosted 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. Wells Fargo & Company increased their price target on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Craig Hallum raised shares of Samsara from a "hold" rating to a "buy" rating and increased their price target for the company from $42.00 to $48.00 in a research report on Friday, September 5th. Truist Financial upped their price objective on shares of Samsara from $35.00 to $39.00 and gave the company a "hold" rating in a research note on Friday, September 5th. Finally, Zacks Research downgraded shares of Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Samsara has a consensus rating of "Moderate Buy" and an average price target of $49.38.

Samsara Price Performance

IOT stock traded down $0.34 during trading on Friday, reaching $38.35. The company had a trading volume of 2,062,760 shares, compared to its average volume of 4,949,691. Samsara Inc. has a 52 week low of $31.40 and a 52 week high of $61.90. The company has a market cap of $21.83 billion, a P/E ratio of -239.41 and a beta of 1.61. The business has a 50 day moving average of $36.69 and a 200 day moving average of $39.58.

Samsara (NYSE:IOT - Get Free Report) last announced its earnings results 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. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The firm had revenue of $391.48 million during the quarter, compared to analyst estimates of $372.22 million. During the same quarter in the prior year, the company earned $0.05 EPS. The business's revenue was up 30.4% compared to the same quarter last year. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. Research analysts expect that Samsara Inc. will post -0.3 earnings per share for the current year.

About Samsara

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.