Insight Holdings Group LLC Takes 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 purchased a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 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 also recently bought and sold shares of the company. Keystone Financial Group Inc. boosted its position in Samsara by 300.0% during the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock worth $25,000 after purchasing an additional 450 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Samsara during the first quarter worth approximately $31,000. Fourth Dimension Wealth LLC acquired a new position in shares of Samsara during the fourth quarter valued at approximately $38,000. CWM LLC lifted its position in shares of Samsara by 385.3% in the first quarter. CWM LLC now owns 1,053 shares of the company's stock valued at $40,000 after acquiring an additional 836 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in shares of 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 acquiring an additional 873 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Buying and Selling at Samsara

In other Samsara news, insider Sanjit Biswas sold 30,145 shares of Samsara stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $35.57, for a total value of $1,072,257.65. Following the sale, the insider owned 597,902 shares in the company, valued at $21,267,374.14. The trade was a 4.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Bicket sold 40,320 shares of Samsara stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $35.61, for a total value of $1,435,795.20. Following the completion of the sale, the insider owned 984,347 shares in the company, valued at $35,052,596.67. This represents a 3.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,910,783 shares of company stock worth $111,188,818 over the last quarter. 46.49% of the stock is currently owned by company insiders.

Samsara Price Performance

Samsara stock traded up $6.32 during trading on Friday, reaching $42.16. 23,973,919 shares of the company were exchanged, compared to its average volume of 5,968,167. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90. The company has a market capitalization of $24.00 billion, a P/E ratio of -263.49 and a beta of 1.61. The stock's 50 day simple moving average is $36.67 and its two-hundred day simple moving average is $39.76.

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 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 company had revenue of $391.48 million for the quarter, compared to the consensus estimate of $372.22 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. 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 forecast that Samsara Inc. will post -0.3 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on IOT shares. BMO Capital Markets decreased their target price on Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a research report on Friday. Piper Sandler raised their target price on Samsara from $47.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday. Craig Hallum upgraded Samsara from a "hold" rating to a "buy" rating and raised their target price for the company from $42.00 to $48.00 in a research report on Friday. Royal Bank Of Canada raised their target price on Samsara from $44.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Wells Fargo & Company raised their target price on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $49.15.

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.