IFM Investors Pty Ltd Boosts Holdings in Samsara Inc. $IOT

Key Points

• IFM Investors Pty Ltd has significantly increased its stake in Samsara Inc. by 47.6%, owning 49,509 shares valued at approximately $1.9 million.
• Major investors like Jennison Associates and Vanguard Group have also boosted their holdings in Samsara, with Jennison increasing its stake by an impressive 1,881.8%.
• Despite recent downgrades from some analysts, Samsara has an average rating of "Moderate Buy" with a target price of around $49.38.

IFM Investors Pty Ltd increased its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 47.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,509 shares of the company's stock after buying an additional 15,958 shares during the period. IFM Investors Pty Ltd's holdings in Samsara were worth $1,898,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Jennison Associates LLC increased its stake in shares of 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 stake in shares of Samsara by 12.0% in the first quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company's stock worth $900,581,000 after purchasing an additional 2,516,882 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of Samsara by 7.1% in the first quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock worth $1,352,186,000 after purchasing an additional 2,348,101 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Samsara by 2,635,339.0% in the first quarter. Bessemer Group Inc. now owns 1,080,530 shares of the company's stock worth $41,418,000 after purchasing an additional 1,080,489 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 worth $108,224,000 after purchasing an additional 1,047,068 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Piper Sandler lifted their target price on shares of Samsara from $47.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Morgan Stanley lifted their target price on shares of Samsara from $50.00 to $53.00 and gave the stock an "equal weight" rating in a research note on Monday, September 8th. Wells Fargo & Company boosted their price objective 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. 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 stock. According to data from MarketBeat.com, Samsara has an average rating of "Moderate Buy" and an average target price of $49.38.

Samsara Price Performance

Shares of Samsara stock opened at $38.30 on Friday. Samsara Inc. has a 1 year low of $31.40 and a 1 year high of $61.90. The firm has a market cap of $21.81 billion, a PE ratio of -239.39 and a beta of 1.61. The company has a 50 day simple moving average of $36.67 and a two-hundred day simple moving average of $39.50.

Samsara (NYSE:IOT - Get Free Report) last announced its earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating 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 previous year, the business posted $0.05 earnings per share. Samsara'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, research analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling at Samsara

In other Samsara news, insider Dominic Phillips sold 8,457 shares of Samsara stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $38.14, for a total transaction of $322,549.98. Following the completion of the sale, the insider directly owned 777,181 shares in the company, valued at $29,641,683.34. The trade was a 1.08% 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, major shareholder Horowitz Lsv Fund I. Andreessen 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 transaction of $30,582,910.05. The disclosure for this sale can be found here. Insiders sold a total of 3,717,663 shares of company stock valued at $140,069,049 over the last quarter. Company insiders own 46.49% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.