Samsara Inc. $IOT Position Increased by Korea Investment CORP

Key Points

• Korea Investment CORP has significantly increased its stake in Samsara Inc. by purchasing an additional 26,100 shares, growing its ownership by 181.4% in the first quarter.
• Overall, institutional investors now own 96.02% of Samsara's stock, with several hedge funds also increasing their holdings in recent quarters.
• Despite insider sales of approximately 2.9 million shares in the last three months, Samsara reported a 30.7% year-over-year increase in revenue for the quarter, highlighting its strong business performance.

Korea Investment CORP increased its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 181.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,488 shares of the company's stock after purchasing an additional 26,100 shares during the period. Korea Investment CORP's holdings in Samsara were worth $1,552,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas purchased a new stake in shares of Samsara in the first quarter valued at $1,457,000. Ontario Teachers Pension Plan Board raised its position in shares of Samsara by 213.4% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,121 shares of the company's stock worth $733,000 after buying an additional 13,020 shares during the period. Avantax Advisory Services Inc. purchased a new position in shares of Samsara in the 1st quarter worth $357,000. Charles Schwab Investment Management Inc. raised its position in shares of Samsara by 18.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,229,773 shares of the company's stock worth $85,467,000 after buying an additional 352,829 shares during the period. Finally, Citigroup Inc. raised its position in shares of Samsara by 96.9% in the 1st quarter. Citigroup Inc. now owns 223,144 shares of the company's stock worth $8,553,000 after buying an additional 109,807 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Samsara Trading Up 2.1%

NYSE IOT traded up $0.75 during trading hours on Thursday, reaching $36.40. 3,379,694 shares of the company traded hands, compared to its average volume of 4,682,862. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90. The stock has a market capitalization of $20.72 billion, a PE ratio of -165.48 and a beta of 1.62. The company has a 50 day moving average of $37.03 and a two-hundred day moving average of $40.98.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. Samsara had a negative net margin of 9.04% and a negative return on equity of 11.14%. The firm had revenue of $366.88 million for the quarter, compared to the consensus estimate of $351.44 million. During the same period in the prior year, the firm posted $0.03 EPS. The firm's revenue was up 30.7% compared to the same quarter last year. Samsara has set its FY 2026 guidance at 0.390-0.410 EPS. Q2 2026 guidance at 0.060-0.070 EPS. On average, equities research analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Activity at Samsara

In other Samsara news, insider Sanjit Biswas sold 160,000 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were 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 owned 78,000 shares in the company, valued at $3,087,240. The trade was a 67.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Parallel Fund Iv L.P. Ah sold 399,026 shares of the business's stock in a transaction 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. Over the last quarter, insiders have sold 2,931,317 shares of company stock valued at $115,635,442. 46.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

IOT has been the topic of several research reports. Wells Fargo & Company increased their target price on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Piper Sandler reaffirmed an "overweight" rating and set a $47.00 price target (down from $53.00) on shares of Samsara in a research report on Thursday, August 7th. Truist Financial decreased their price target on shares of Samsara from $42.00 to $35.00 and set a "hold" rating for the company in a research report on Monday. Wall Street Zen cut shares of Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Evercore ISI set a $45.00 price target on shares of Samsara in a research report on Wednesday, June 25th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Samsara currently has an average rating of "Hold" and a consensus target price of $49.71.

Samsara 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.