Exchange Traded Concepts LLC Sells 120,585 Shares of Samsara Inc. $IOT

Key Points

• Exchange Traded Concepts LLC has reduced its stake in Samsara Inc. by 23%, selling 120,585 shares, and now holds approximately 403,826 shares valued at $16.06 million.
• Major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares on September 9th, realizing over $30.5 million from the transaction, while insiders have sold a total of over 3.7 million shares in the past three months.
• Wall Street analysts have mixed opinions on Samsara, with analysts lowering price targets and ratings, yet the stock has a consensus rating of "Moderate Buy" with a target price of $49.38.

Exchange Traded Concepts LLC lessened its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 23.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 403,826 shares of the company's stock after selling 120,585 shares during the quarter. Exchange Traded Concepts LLC owned 0.07% of Samsara worth $16,064,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Samsara in the fourth quarter worth about $13,464,000. Cetera Investment Advisers lifted its stake in Samsara by 9.4% during the fourth quarter. Cetera Investment Advisers now owns 28,018 shares of the company's stock worth $1,224,000 after purchasing an additional 2,409 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Samsara by 34.0% during the 4th quarter. Janus Henderson Group PLC now owns 11,320 shares of the company's stock worth $494,000 after purchasing an additional 2,872 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Samsara by 10.9% during the fourth quarter. Toronto Dominion Bank now owns 29,435 shares of the company's stock valued at $1,286,000 after buying an additional 2,899 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in Samsara by 4.6% during the 4th quarter. Tidal Investments LLC now owns 6,403 shares of the company's stock worth $280,000 after purchasing an additional 281 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Insider Buying and Selling at Samsara

In other Samsara news, Director Jonathan Chadwick sold 22,500 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $39.29, for a total value of $884,025.00. Following the completion of the transaction, the director directly owned 43,865 shares of the company's stock, valued at approximately $1,723,455.85. This trade represents a 33.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of Samsara stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total value of $30,582,910.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,716,158 shares of company stock worth $140,011,119. Insiders own 46.49% of the company's stock.

Samsara Price Performance

IOT traded up $0.24 on Friday, hitting $40.21. The company had a trading volume of 5,937,081 shares, compared to its average volume of 7,536,008. The firm has a market capitalization of $22.89 billion, a P/E ratio of -251.31 and a beta of 1.61. The stock has a fifty day simple moving average of $36.79 and a 200-day simple moving average of $39.21. 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 issued its 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 6.16% and a negative return on equity of 7.53%. The company had revenue of $391.48 million during the quarter, compared to the consensus estimate of $372.22 million. During the same quarter in the prior year, the firm posted $0.05 EPS. Samsara's quarterly 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. Equities research analysts expect that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Truist Financial increased their target price on Samsara from $35.00 to $39.00 and gave the stock a "hold" rating in a research note on Friday, September 5th. Wall Street Zen cut Samsara from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada lifted their price target on shares of Samsara from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Piper Sandler raised their target price on shares of Samsara from $47.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Finally, Evercore ISI set a $45.00 target price on Samsara in a report on Wednesday, June 25th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $49.38.

Samsara 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.