Insight Holdings Group LLC Takes $1.96 Million Position in Samsara Inc. $IOT

Key Points

• Insight Holdings Group LLC has made a new investment of approximately $1.96 million in Samsara Inc. by acquiring 51,000 shares, making up 0.2% of their investment portfolio.
• Samsara reported earnings per share of $0.12 for the last quarter, surpassing expectations and showing a 30.4% year-over-year revenue increase to $391.48 million.
• Insiders at Samsara have sold over 2.9 million shares valued at approximately $111 million in the past 90 days, reflecting a notable decrease in their positions.

Insight Holdings Group LLC acquired a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 51,000 shares of the company's stock, valued at approximately $1,955,000. Samsara makes up 0.2% of Insight Holdings Group LLC's investment portfolio, making the stock its 24th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Keystone Financial Group Inc. raised its stake in shares of Samsara by 300.0% during the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock valued at $25,000 after purchasing an additional 450 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Samsara during the first quarter worth about $31,000. Fourth Dimension Wealth LLC acquired a new position in Samsara during the fourth quarter worth about $38,000. CWM LLC grew its holdings in Samsara by 385.3% during the first quarter. CWM LLC now owns 1,053 shares of the company's stock worth $40,000 after acquiring an additional 836 shares during the period. Finally, AlphaQuest LLC grew its holdings in Samsara by 519.6% during the first quarter. AlphaQuest LLC now owns 1,041 shares of the company's stock worth $40,000 after acquiring an additional 873 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Piper Sandler lifted their target price on Samsara from $47.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Evercore ISI set a $45.00 target price on Samsara in a report on Wednesday, June 25th. Craig Hallum raised Samsara from a "hold" rating to a "buy" rating and lifted their price target for the stock from $42.00 to $48.00 in a research note on Friday, September 5th. Finally, Morgan Stanley lifted their price target on Samsara from $50.00 to $53.00 and gave the stock an "equal weight" rating in a research note on Monday. 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 stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.38.

Samsara Trading Down 1.3%

NYSE:IOT traded down $0.49 on Wednesday, hitting $38.12. 4,317,172 shares of the company's stock traded hands, compared to its average volume of 4,930,220. Samsara Inc. has a 1 year low of $31.40 and a 1 year high of $61.90. The firm has a 50-day moving average price of $36.69 and a 200-day moving average price of $39.67. The company has a market cap of $21.70 billion, a PE ratio of -238.23 and a beta of 1.61.

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, beating the consensus estimate 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 company had revenue of $391.48 million for the quarter, compared to analysts' expectations of $372.22 million. During the same quarter in the previous year, the business posted $0.05 EPS. The business'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. On average, research analysts forecast that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Insider Activity

In other news, insider Sanjit Biswas sold 160,000 shares of Samsara 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 completion of the sale, the insider directly owned 78,000 shares in the company, valued at $3,087,240. The trade was a 67.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Bicket sold 170,000 shares of Samsara stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $39.42, for a total value of $6,701,400.00. Following the sale, the insider owned 367,642 shares of the company's stock, valued at approximately $14,492,447.64. This represents a 31.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,111,014 shares of company stock worth $78,140,942. 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.