Caisse DE Depot ET Placement DU Quebec Boosts Stock Position in Samsara Inc. $IOT

Key Points

• Caisse DE Depot ET Placement DU Quebec significantly increased its stake in Samsara Inc. by 401.3% during Q1, acquiring 210,537 shares worth over $10 million.
• Multiple hedge funds have also notably boosted their holdings in Samsara, with Baillie Gifford & Co. increasing its stake by 7.1%, and Jennison Associates LLC raising its position by a remarkable 1,881.8%.
• The current consensus rating on Samsara's stock is "Hold," with analysts projecting a target price of $49.71, amidst fluctuations in price targets from various financial institutions.

Caisse DE Depot ET Placement DU Quebec increased its position in Samsara Inc. (NYSE:IOT - Free Report) by 401.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,000 shares of the company's stock after purchasing an additional 210,537 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Samsara were worth $10,081,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC increased its position in shares of Samsara by 262.0% during the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after purchasing an additional 414 shares during the last quarter. Keystone Financial Group Inc. increased its position in shares of Samsara by 300.0% during the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock valued at $25,000 after purchasing an additional 450 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Samsara during the 1st quarter valued at about $31,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Samsara during the 4th quarter valued at about $38,000. Finally, AlphaQuest LLC increased its position in shares of Samsara by 519.6% during the 1st quarter. AlphaQuest LLC now owns 1,041 shares of the company's stock valued at $40,000 after purchasing an additional 873 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Activity at Samsara

In related news, insider John Bicket sold 67,349 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $32.64, for a total transaction of $2,198,271.36. Following the sale, the insider owned 243,000 shares in the company, valued at approximately $7,931,520. This represents a 21.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Eltoukhy sold 4,578 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $32.73, for a total value of $149,837.94. Following the sale, the insider owned 358,720 shares in the company, valued at $11,740,905.60. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,931,317 shares of company stock worth $115,635,442. Company insiders own 46.49% of the company's stock.

Samsara Price Performance

Shares of NYSE IOT traded down $0.34 during midday trading on Monday, reaching $36.11. 3,662,055 shares of the stock traded hands, compared to its average volume of 4,939,530. The stock has a market capitalization of $20.56 billion, a PE ratio of -164.15 and a beta of 1.61. Samsara Inc. has a one year low of $31.40 and a one year high of $61.90. The company's 50 day moving average is $36.92 and its 200 day moving average is $40.50.

Samsara (NYSE:IOT - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. The firm had revenue of $366.88 million during the quarter, compared to the consensus estimate of $351.44 million. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%.The company's quarterly revenue was up 30.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 EPS. Samsara has set its FY 2026 guidance at 0.390-0.410 EPS. Q2 2026 guidance at 0.060-0.070 EPS. As a group, equities analysts forecast that Samsara Inc. will post -0.3 EPS for the current year.

Analyst Ratings Changes

IOT has been the subject of several analyst reports. Wall Street Zen lowered shares of Samsara from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Piper Sandler reissued an "overweight" rating and issued a $47.00 target price (down from $53.00) on shares of Samsara in a report on Thursday, August 7th. BMO Capital Markets increased their target price on shares of Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a report on Monday, June 2nd. Evercore ISI set a $45.00 price target on Samsara in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company upped their price target on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, Samsara currently has a consensus rating of "Hold" and an average price target of $49.71.

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.