Hamilton Lane Advisors LLC Takes Position in Samsara Inc. $IOT

Key Points

• Hamilton Lane Advisors LLC has acquired a significant stake in Samsara Inc., buying 202,512 shares worth approximately $8.06 million, making Samsara the fourth largest holding in their portfolio.
• Several large investors, including Vanguard Group and Baillie Gifford, have increased their stakes in Samsara, showcasing strong institutional interest as they now collectively own over 96% of the company's stock.
• Despite mixed ratings from analysts, the stock has a consensus rating of "Moderate Buy" with a projected average price target of $49.38, indicating potential growth in the coming months.

Hamilton Lane Advisors LLC purchased a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 202,512 shares of the company's stock, valued at approximately $8,056,000. Samsara makes up 5.9% of Hamilton Lane Advisors LLC's investment portfolio, making the stock its 5th biggest holding.

Several other large investors have also modified their holdings of the business. Baillie Gifford & Co. raised its holdings in shares of Samsara by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock valued at $1,352,186,000 after purchasing an additional 2,348,101 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Samsara by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company's stock valued at $900,581,000 after purchasing an additional 2,516,882 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Samsara by 1,881.8% in the 1st quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock valued at $450,881,000 after purchasing an additional 11,169,571 shares in the last quarter. Invesco Ltd. raised its stake in shares of Samsara by 20.1% during the 1st quarter. Invesco Ltd. now owns 4,174,153 shares of the company's stock worth $159,995,000 after acquiring an additional 697,208 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Samsara by 58.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,823,484 shares of the company's stock worth $108,224,000 after acquiring an additional 1,047,068 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wall Street Zen lowered shares of Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Zacks Research lowered shares of Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Craig Hallum upgraded shares of Samsara from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $42.00 to $48.00 in a research note on Friday, September 5th. Wells Fargo & Company boosted their price objective on shares of Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Finally, Evercore ISI set a $45.00 price objective on shares of Samsara in a research note on Wednesday, June 25th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $49.38.

Samsara Trading Down 1.0%

NYSE:IOT opened at $38.30 on Friday. The company has a market cap of $21.81 billion, a PE ratio of -239.39 and a beta of 1.61. Samsara Inc. has a twelve month low of $31.40 and a twelve month high of $61.90. The company's 50 day moving average is $36.67 and its two-hundred day moving average is $39.50.

Samsara (NYSE:IOT - Get Free Report) last released 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. The company had revenue of $391.48 million for the quarter, compared to the consensus estimate of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. Samsara's revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. As a group, analysts expect that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Insider Activity at Samsara

In other news, insider Dominic Phillips sold 8,457 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $38.14, for a total value of $322,549.98. Following the sale, the insider directly owned 777,181 shares of the company's stock, valued at $29,641,683.34. This represents a 1.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the company's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total transaction of $30,582,910.05. The disclosure for this sale can be found here. Insiders have sold 3,717,663 shares of company stock worth $140,069,049 in the last 90 days. 46.49% of the stock is owned by insiders.

About Samsara

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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