Ieq Capital LLC Acquires Shares of 51,579 Samsara Inc. $IOT

Key Points

• Ieq Capital LLC has invested approximately $1.98 million in Samsara Inc. by purchasing 51,579 shares, according to a recent SEC filing.
• Institutional investors currently own 96.02% of Samsara's stock, indicating significant confidence in the company's prospects.
• Samsara reported earnings of $0.11 per share for the last quarter, surpassing analysts' expectations and showing a 30.7% increase in revenue year-over-year.

Ieq Capital LLC purchased a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 51,579 shares of the company's stock, valued at approximately $1,977,000.

Several other institutional investors have also recently made changes to their positions in IOT. Nemes Rush Group LLC raised its position in Samsara by 7.8% in the first quarter. Nemes Rush Group LLC now owns 3,597 shares of the company's stock valued at $138,000 after purchasing an additional 260 shares during the period. Tidal Investments LLC raised its position in Samsara by 4.6% in the fourth 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 period. Continuum Advisory LLC grew its stake in shares of Samsara by 32.1% in the fourth quarter. Continuum Advisory LLC now owns 1,161 shares of the company's stock worth $51,000 after acquiring an additional 282 shares in the last quarter. Cim LLC grew its stake in shares of Samsara by 1.3% in the fourth quarter. Cim LLC now owns 31,164 shares of the company's stock worth $1,362,000 after acquiring an additional 386 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Samsara by 262.0% in the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after acquiring an additional 414 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Buying and Selling

In related news, insider Sanjit Biswas sold 160,000 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $39.58, for a total transaction of $6,332,800.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Marc L. Andreessen sold 399,026 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $41.33, for a total value of $16,491,744.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,910,783 shares of company stock worth $111,188,818. Corporate insiders own 46.49% of the company's stock.

Wall Street Analyst Weigh In

IOT has been the subject of several research reports. BMO Capital Markets dropped their price target on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating for the company in a research note on Friday. 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. Piper Sandler raised their price objective on Samsara from $47.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday. Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Evercore ISI set a $45.00 price objective on Samsara in a report on Wednesday, June 25th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $49.15.

Samsara Trading Up 17.6%

Shares of NYSE IOT traded up $6.32 during midday trading on Friday, reaching $42.16. 23,973,919 shares of the company were exchanged, compared to its average volume of 5,009,550. Samsara Inc. has a 1 year low of $31.40 and a 1 year high of $61.90. The stock has a fifty day simple moving average of $36.67 and a 200 day simple moving average of $39.86. The stock has a market cap of $24.00 billion, a P/E ratio of -263.49 and a beta of 1.61.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. Samsara had a negative return on equity of 7.80% and a negative net margin of 6.16%.The firm had revenue of $391.48 million for the quarter, compared to analyst estimates of $372.22 million. During the same quarter last year, the company posted $0.05 earnings per share. The business's revenue 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, analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current year.

Samsara Company 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.