Canada Pension Plan Investment Board Acquires 471,200 Shares of Samsara Inc. $IOT

Key Points

• Canada Pension Plan Investment Board increased its stake in Samsara Inc. by 88.3%, acquiring 471,200 shares to hold a total of 1,005,000 shares valued at approximately $38.5 million.
• Insider selling activity included notable transactions by Adam Eltoukhy and Sanjit Biswas, who sold 4,578 and 57,177 shares, respectively, resulting in significant decreases in their positions.
• Analysts currently maintain a consensus rating of "Hold" on Samsara stock, with price targets ranging from $35 to $54, reflecting mixed sentiments in the market.

Canada Pension Plan Investment Board boosted its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 88.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,005,000 shares of the company's stock after purchasing an additional 471,200 shares during the period. Canada Pension Plan Investment Board owned about 0.18% of Samsara worth $38,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Gerber Kawasaki Wealth & Investment Management grew its position in Samsara by 0.5% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 54,000 shares of the company's stock valued at $2,070,000 after purchasing an additional 250 shares in the last quarter. Nemes Rush Group LLC grew its position in Samsara by 7.8% in the first quarter. Nemes Rush Group LLC now owns 3,597 shares of the company's stock valued at $138,000 after purchasing an additional 260 shares in the last quarter. Tidal Investments LLC grew its position 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 period. Continuum Advisory LLC grew its position 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 period. Finally, Cim LLC grew its position in shares of Samsara by 1.3% in the 4th quarter. Cim LLC now owns 31,164 shares of the company's stock valued at $1,362,000 after acquiring an additional 386 shares during the period. Institutional investors own 96.02% of the company's stock.

Insiders Place Their Bets

In other Samsara news, insider Adam Eltoukhy sold 4,578 shares of Samsara stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $32.73, for a total value of $149,837.94. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sanjit Biswas sold 57,177 shares of Samsara stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $32.58, for a total transaction of $1,862,826.66. Following the completion of the sale, the insider owned 243,000 shares of the company's stock, valued at $7,916,940. This trade represents a 19.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,931,317 shares of company stock worth $115,635,442 in the last quarter. 46.49% of the stock is currently owned by corporate insiders.

Samsara Stock Performance

NYSE IOT opened at $36.11 on Friday. The firm has a 50-day moving average of $36.92 and a 200-day moving average of $40.61. The stock has a market cap of $20.56 billion, a PE ratio of -164.15 and a beta of 1.62. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. The company had revenue of $366.88 million during the quarter, compared to analysts' expectations of $351.44 million. Samsara had a negative net margin of 9.04% and a negative return on equity of 11.14%. Samsara's quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the company posted $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, analysts predict that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IOT. Wells Fargo & Company lifted their price objective 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. Wall Street Zen downgraded shares of Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Truist Financial decreased their price objective on shares of Samsara from $42.00 to $35.00 and set a "hold" rating for the company in a research report on Monday, August 25th. Piper Sandler reissued an "overweight" rating and issued a $47.00 price objective (down previously from $53.00) on shares of Samsara in a research report on Thursday, August 7th. Finally, BMO Capital Markets lifted their price objective on shares of Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a research report on Monday, June 2nd. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.

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