Harbor Capital Advisors Inc. Lowers Stake in Samsara Inc. $IOT

Key Points

• Harbor Capital Advisors Inc. reduced its stake in Samsara Inc. by 86.1%, selling 30,793 shares during the second quarter, and now holds 4,953 shares valued at approximately $197,000.
• Several institutional investors increased their positions significantly in Samsara, with CWM LLC boosting its holdings by 385.3%, now owning 1,053 shares worth $40,000.
• Samsara reported a quarterly earnings beat with $0.12 EPS against an estimate of $0.07 EPS, and its revenue of $391.48 million exceeded expectations by $19.26 million.

Harbor Capital Advisors Inc. decreased its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 86.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,953 shares of the company's stock after selling 30,793 shares during the period. Harbor Capital Advisors Inc.'s holdings in Samsara were worth $197,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IOT. Keystone Financial Group Inc. grew its holdings in shares of Samsara by 300.0% in the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock valued at $25,000 after buying an additional 450 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Samsara during the 1st quarter worth approximately $31,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Samsara during the 4th quarter worth approximately $38,000. CWM LLC boosted its position in shares of Samsara by 385.3% during the 1st quarter. CWM LLC now owns 1,053 shares of the company's stock worth $40,000 after acquiring an additional 836 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in Samsara by 519.6% in the first quarter. AlphaQuest LLC now owns 1,041 shares of the company's stock valued at $40,000 after buying an additional 873 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Samsara Trading Up 0.6%

NYSE IOT traded up $0.24 during trading 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. Samsara Inc. has a one year low of $31.40 and a one year high of $61.90. The company has a market cap of $22.89 billion, a price-to-earnings ratio of -251.31 and a beta of 1.61. The company's fifty day moving average is $36.79 and its 200-day moving average is $39.21.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.12 EPS 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 business had revenue of $391.48 million during the quarter, compared to analyst estimates of $372.22 million. During the same period in the prior year, the business earned $0.05 EPS. The company's revenue for the quarter 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. As a group, equities analysts anticipate that Samsara Inc. will post -0.3 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on IOT. Wells Fargo & Company raised their price target 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. Morgan Stanley lifted their price objective on shares of Samsara from $50.00 to $53.00 and gave the stock an "equal weight" rating in a research report on Monday, September 8th. Zacks Research lowered shares of Samsara from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Evercore ISI set a $45.00 price objective on shares of Samsara in a research note on Wednesday, June 25th. Finally, Piper Sandler increased their price target on shares of Samsara from $47.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $49.38.

Insider Buying and Selling at Samsara

In other news, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of Samsara stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sanjit Biswas sold 160,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $39.58, for a total transaction of $6,332,800.00. Following the sale, the insider owned 78,000 shares of the company's stock, 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. Insiders have sold 3,716,158 shares of company stock valued at $140,011,119 in the last quarter. 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.