Samsara Inc. $IOT Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC has reduced its holdings in Samsara Inc. by 95.4% in the 1st quarter, selling 161,007 shares and now owning only 7,693 shares valued at $295,000.
• Several institutional investors, including Keystone Financial Group and CWM LLC, have significantly increased their positions in Samsara during the same period.
• Wall Street analysts have mixed opinions on Samsara, with eight rating it as a buy and nine assigning a hold rating, leading to a consensus rating of "Hold" with an average target price of $49.71.

Jump Financial LLC lowered its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 95.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,693 shares of the company's stock after selling 161,007 shares during the period. Jump Financial LLC's holdings in Samsara were worth $295,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Samsara by 18.9% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,723 shares of the company's stock valued at $1,906,000 after acquiring an additional 7,896 shares in the last quarter. AlphaQuest LLC lifted its holdings in Samsara by 519.6% during the 1st quarter. AlphaQuest LLC now owns 1,041 shares of the company's stock valued at $40,000 after purchasing an additional 873 shares during the last quarter. Sands Capital Ventures LLC boosted its stake in Samsara by 27.6% in the first quarter. Sands Capital Ventures LLC now owns 253,432 shares of the company's stock valued at $9,714,000 after buying an additional 54,742 shares in the last quarter. Elevate Wealth Advisory Inc. lifted its stake in Samsara by 12.0% in the first quarter. Elevate Wealth Advisory Inc. now owns 20,891 shares of the company's stock valued at $801,000 after buying an additional 2,240 shares during the period. Finally, Candriam S.C.A. acquired a new position in shares of Samsara during the first quarter worth approximately $697,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IOT has been the topic of a number of recent analyst reports. Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Evercore ISI set a $45.00 price target on Samsara in a research report on Wednesday, June 25th. BMO Capital Markets lowered their price target on Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a report on Friday. Wells Fargo & Company upped their price objective on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Finally, Zacks Research downgraded shares of Samsara from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $49.38.

Samsara Trading Down 1.9%

Shares of Samsara stock traded down $0.78 during trading on Monday, hitting $41.31. 5,493,511 shares of the stock traded hands, compared to its average volume of 4,844,089. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90. The firm has a market cap of $23.52 billion, a P/E ratio of -258.75 and a beta of 1.61. The stock's fifty day simple moving average is $36.67 and its 200 day simple moving average is $39.76.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. The company had revenue of $391.48 million for the quarter, compared to the consensus estimate of $372.22 million. Samsara had a negative return on equity of 7.80% and a negative net margin of 6.16%.Samsara's revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 EPS. 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 expect that Samsara Inc. will post -0.3 EPS for the current year.

Insider Buying and Selling

In other news, insider John Bicket sold 170,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $39.42, for a total transaction of $6,701,400.00. Following the completion of the sale, the insider owned 367,642 shares in the company, valued at $14,492,447.64. This trade represents a 31.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Parallel Fund Iv L.P. Ah sold 399,026 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $41.33, for a total transaction of $16,491,744.58. The disclosure for this sale can be found here. Insiders have sold 2,910,783 shares of company stock valued at $111,188,818 in the last three months. 46.49% of the stock is currently owned by corporate insiders.

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.