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Samsara Inc. $IOT Shares Sold by Harbor Capital Advisors Inc.

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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.
  • MarketBeat previews top five stocks to own in November.

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Jennison Associates LLC grew its stake in Samsara by 1,881.8% in the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock worth $450,881,000 after purchasing an additional 11,169,571 shares in the last quarter. Vanguard Group Inc. increased its holdings in Samsara by 12.0% in the first quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company's stock valued at $900,581,000 after buying an additional 2,516,882 shares during the last quarter. Baillie Gifford & Co. increased its holdings in Samsara by 7.1% in the first quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock valued at $1,352,186,000 after buying an additional 2,348,101 shares during the last quarter. Bessemer Group Inc. increased its holdings in Samsara by 2,635,339.0% in the first quarter. Bessemer Group Inc. now owns 1,080,530 shares of the company's stock valued at $41,418,000 after buying an additional 1,080,489 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Samsara by 58.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,823,484 shares of the company's stock valued at $108,224,000 after buying an additional 1,047,068 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was 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 the SEC website. Also, insider John Bicket sold 132,368 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $36.23, for a total value of $4,795,692.64. Following the completion of the transaction, the insider directly owned 60,000 shares of the company's stock, valued at $2,173,800. This trade represents a 68.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,386,158 shares of company stock valued at $126,976,919. 46.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

IOT has been the subject of several research analyst reports. Evercore ISI set a $45.00 price objective on Samsara in a report on Wednesday, June 25th. Zacks Research lowered Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Royal Bank Of Canada boosted their price objective on Samsara from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, September 5th. Truist Financial boosted their price objective on Samsara from $35.00 to $39.00 and gave the company a "hold" rating in a report on Friday, September 5th. Finally, Wells Fargo & Company boosted their price objective on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Samsara presently has an average rating of "Moderate Buy" and an average price target of $49.38.

Check Out Our Latest Stock Report on IOT

Samsara Stock Up 0.2%

Shares of NYSE:IOT traded up $0.07 during trading on Tuesday, hitting $39.38. 483,552 shares of the company traded hands, compared to its average volume of 4,980,477. The stock has a market capitalization of $22.59 billion, a price-to-earnings ratio of -246.17 and a beta of 1.61. The business's fifty day moving average is $36.83 and its 200-day moving average is $39.22. Samsara Inc. has a one year low of $31.40 and a one year high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last posted 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 analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 earnings per share. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, analysts forecast that Samsara Inc. will post -0.3 EPS for the current year.

Samsara Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Samsara (NYSE:IOT)

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