Samsara Inc. $IOT Position Cut by Exchange Traded Concepts LLC

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 cut its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 23.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 403,826 shares of the company's stock after selling 120,585 shares during the period. Exchange Traded Concepts LLC owned 0.07% of Samsara worth $16,064,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IOT. Brighton Jones LLC purchased a new position in Samsara in the 4th quarter valued at $13,464,000. Cetera Investment Advisers boosted its position in shares of Samsara by 9.4% in the 4th quarter. Cetera Investment Advisers now owns 28,018 shares of the company's stock worth $1,224,000 after buying an additional 2,409 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Samsara by 34.0% in the 4th quarter. Janus Henderson Group PLC now owns 11,320 shares of the company's stock worth $494,000 after buying an additional 2,872 shares in the last quarter. Toronto Dominion Bank raised its stake in Samsara by 10.9% in the 4th quarter. Toronto Dominion Bank now owns 29,435 shares of the company's stock valued at $1,286,000 after purchasing an additional 2,899 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in 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 purchasing an additional 281 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Stock Down 2.4%

Shares of Samsara stock traded down $0.96 on Monday, hitting $39.13. 2,654,717 shares of the company's stock traded hands, compared to its average volume of 4,994,686. The stock has a market cap of $22.44 billion, a P/E ratio of -244.50 and a beta of 1.61. The firm's 50-day moving average is $36.79 and its 200 day moving average is $39.20. 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 released its earnings results on Thursday, September 4th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $391.48 million during the quarter, compared to analysts' expectations of $372.22 million. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The business's revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 EPS. 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 forecast that Samsara Inc. will post -0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Wall Street Zen downgraded shares of Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. BMO Capital Markets dropped their price objective on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating for the company in a research note on Friday, September 5th. Truist Financial upped their price objective on shares of Samsara from $35.00 to $39.00 and gave the company a "hold" rating in a research note on Friday, September 5th. Finally, Evercore ISI set a $45.00 price objective on shares of Samsara in a research note on Wednesday, June 25th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Samsara currently has a consensus rating of "Moderate Buy" and an average price target of $49.38.

Insider Transactions at Samsara

In related news, insider John Bicket sold 170,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $39.42, for a total transaction of $6,701,400.00. Following the transaction, the insider directly owned 367,642 shares in the company, valued at $14,492,447.64. This trade represents a 31.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sanjit Biswas sold 160,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $39.58, for a total value of $6,332,800.00. Following the transaction, the insider owned 78,000 shares in the company, valued at $3,087,240. This trade represents a 67.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,716,158 shares of company stock valued at $140,011,119. Company insiders own 46.49% of the company's stock.

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.