Carnegie Investment Counsel Buys 39,535 Shares of Samsara Inc. $IOT

Key Points

• Carnegie Investment Counsel boosted its stake in Samsara by 118.2% in Q4, buying 39,535 shares to hold 72,980 shares worth about $2.59 million.
• Significant insider selling has occurred recently: Adam Eltoukhy and Sanjit Biswas sold shares in March–April, and insiders have sold roughly 2,167,410 shares (~$62.48M) over the last 90 days while insiders still own about 46.49% of the company.
• Analyst sentiment is constructive (consensus "Moderate Buy" with a $46.18 target); Samsara also beat March-quarter estimates with $0.18 EPS and $444.3M revenue, up 28.3% year‑over‑year.

Carnegie Investment Counsel boosted its position in Samsara Inc. (NYSE:IOT - Free Report) by 118.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,980 shares of the company's stock after purchasing an additional 39,535 shares during the period. Carnegie Investment Counsel's holdings in Samsara were worth $2,587,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC raised its stake in shares of Samsara by 2.0% in the third quarter. Lazard Asset Management LLC now owns 13,971 shares of the company's stock valued at $520,000 after buying an additional 279 shares during the period. KLP Kapitalforvaltning AS grew its stake in shares of Samsara by 0.3% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 113,900 shares of the company's stock worth $4,243,000 after acquiring an additional 300 shares during the period. Jefferies Financial Group Inc. increased its holdings in Samsara by 1.6% in the 3rd quarter. Jefferies Financial Group Inc. now owns 20,995 shares of the company's stock worth $782,000 after acquiring an additional 322 shares during the last quarter. Cim LLC increased its holdings in Samsara by 1.0% in the 3rd quarter. Cim LLC now owns 32,700 shares of the company's stock worth $1,218,000 after acquiring an additional 326 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Samsara by 3.4% in the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company's stock valued at $390,000 after acquiring an additional 335 shares during the period. 96.02% of the stock is owned by institutional investors.

Trending Headlines about Samsara

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Samsara expanded its Pre‑Delivery Installation (PDI) program by adding International Motors, allowing Samsara devices to be factory‑installed on new trucks and buses — this reduces customer deployment friction, shortens time‑to‑value, and supports recurring device attachment and ARR growth. Read More.
• Positive Sentiment: Analysts maintain constructive views: consensus coverage shows a “Moderate Buy” rating, which can support confidence from institutional holders and limit downside when fundamentals remain solid. Read More.
• Neutral Sentiment: Coverage assessing Samsara’s valuation after the International Motors OEM deal highlights a valuation gap versus peers — the partnership improves long‑term revenue visibility but also draws attention to how much of that value is already priced in. Investors will watch adoption and device attachment metrics to re‑rate the stock. Read More.
• Negative Sentiment: Samsara was named among software/tech names trading down in a broader pullback (alongside Appian, Twilio, BlackLine), indicating sector rotation and risk‑off flows pressured the stock today. Read More.
• Negative Sentiment: Short‑term selling pressure: coverage noted a >3% intraday decline and elevated volume versus the average, suggesting profit‑taking and weaker technicals (50‑day below price, 200‑day trending higher) could amplify near‑term downside until momentum stabilizes. Read More.
• Negative Sentiment: Major outlets (MSN/CNN market pages) also flagged the stock trading down, increasing visibility of the pullback and potentially triggering algorithmic or momentum selling by funds monitoring headlines. Read More.

Insider Activity

In other news, insider Adam Eltoukhy sold 5,473 shares of the company's stock in a transaction on Friday, March 20th. The shares were sold at an average price of $33.31, for a total value of $182,305.63. Following the transaction, the insider owned 190,649 shares of the company's stock, valued at approximately $6,350,518.19. This represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Sanjit Biswas sold 10,381 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $30.97, for a total value of $321,499.57. Following the completion of the sale, the insider owned 1,139,056 shares in the company, valued at $35,276,564.32. This trade represents a 0.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 2,167,410 shares of company stock valued at $62,480,340. 46.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Evercore reaffirmed an "outperform" rating on shares of Samsara in a report on Friday, March 6th. BTIG Research lowered their price target on shares of Samsara from $55.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday, March 6th. Zacks Research upgraded shares of Samsara from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 13th. KeyCorp raised their price objective on shares of Samsara from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, March 6th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $39.00 price objective (up from $37.00) on shares of Samsara in a research note on Friday, March 6th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $46.18.

Samsara Stock Up 0.1%

IOT stock opened at $25.87 on Monday. The stock has a 50-day simple moving average of $29.51 and a two-hundred day simple moving average of $34.54. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $48.40. The firm has a market capitalization of $15.02 billion, a PE ratio of -1,292.65, a PEG ratio of 9.48 and a beta of 1.50.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.05. Samsara had a negative net margin of 0.56% and a negative return on equity of 0.72%. The firm had revenue of $444.30 million for the quarter, compared to the consensus estimate of $422.29 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The company's revenue for the quarter was up 28.3% on a year-over-year basis. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. On average, equities research analysts anticipate that Samsara Inc. will post -0.3 EPS for the current fiscal year.

About Samsara

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.

Want to see what other hedge funds are holding IOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Samsara Inc. (NYSE:IOT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.