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

Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings 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 acquiring an additional 414 shares during the last quarter. Keystone Financial Group Inc. boosted its holdings 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 acquiring 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 boosted its holdings 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 acquiring an additional 873 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Evercore ISI set a $45.00 price target on shares of Samsara in a report on Wednesday, June 25th. BMO Capital Markets lowered their price objective on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a research note on Friday. Royal Bank Of Canada increased their price objective on shares of Samsara from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday. Wall Street Zen cut shares of Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Truist Financial raised their target price on shares of Samsara from $35.00 to $39.00 and gave the stock a "hold" rating in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $49.00.

Samsara Trading Up 14.5%

IOT traded up $5.20 during trading hours on Friday, hitting $41.04. The company's stock had a trading volume of 14,276,535 shares, compared to its average volume of 4,780,165. The business's 50-day moving average price is $36.62 and its 200-day moving average price is $40.12. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90. The stock has a market cap of $23.37 billion, a price-to-earnings ratio of -186.40 and a beta of 1.61.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. Samsara had a negative net margin of 9.04% and a negative return on equity of 11.14%. The company had revenue of $391.48 million for the quarter, compared to analysts' expectations of $372.22 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. Samsara's quarterly revenue was up 30.4% on a year-over-year basis. 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 forecast that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Activity

In other Samsara news, Director Marc L. Andreessen sold 399,026 shares of the business's stock in a transaction on 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 legal filing with the SEC, which is available at the SEC website. Also, major shareholder Parallel Fund Iv L.P. Ah sold 399,026 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $41.33, for a total transaction of $16,491,744.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,910,783 shares of company stock worth $111,188,818. 46.49% of the stock is currently owned by insiders.

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.