Landscape Capital Management L.L.C. Raises Stake in Samsara Inc. $IOT

Key Points

• Landscape Capital Management L.L.C. increased its holdings in Samsara Inc. by 124.5%, acquiring an additional 35,566 shares, bringing its total to 64,136 shares valued at approximately $2.46 million.
• Institutional investors own about 96.02% of Samsara, with several firms significantly boosting their positions recently, reflecting strong confidence in the company's future.
• Recent analyst ratings on Samsara have varied, with Zacks lowering their rating from "strong-buy" to "hold," while others maintain price targets between $35.00 and $50.00 per share.

Landscape Capital Management L.L.C. grew its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 124.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 64,136 shares of the company's stock after acquiring an additional 35,566 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Samsara were worth $2,458,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new position in shares of Samsara during the 1st quarter worth $1,457,000. Ontario Teachers Pension Plan Board increased its holdings in 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 purchasing an additional 13,020 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of Samsara in the first quarter valued at about $357,000. Charles Schwab Investment Management Inc. increased its stake in shares of Samsara by 18.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,229,773 shares of the company's stock valued at $85,467,000 after buying an additional 352,829 shares during the period. Finally, Citigroup Inc. boosted its position in shares of Samsara by 96.9% during the 1st quarter. Citigroup Inc. now owns 223,144 shares of the company's stock valued at $8,553,000 after purchasing an additional 109,807 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Insider Activity at Samsara

In related news, insider Sanjit Biswas sold 160,000 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $39.58, for a total value of $6,332,800.00. Following the transaction, the insider directly owned 78,000 shares of the company's stock, valued at $3,087,240. This trade represents a 67.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marc L. Andreessen sold 399,026 shares of the 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 90 days, insiders sold 2,658,635 shares of company stock valued at $103,083,889. Corporate insiders own 46.49% of the company's stock.

Samsara Stock Down 1.8%

Shares of Samsara stock traded down $0.65 during mid-day trading on Tuesday, hitting $35.49. The stock had a trading volume of 3,132,622 shares, compared to its average volume of 4,679,165. The firm has a 50-day moving average of $36.86 and a two-hundred day moving average of $40.34. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90. The firm has a market cap of $20.21 billion, a P/E ratio of -161.34 and a beta of 1.61.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IOT. Zacks Research lowered Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. BMO Capital Markets upped their price objective on Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a research report on Monday, June 2nd. Truist Financial cut their price target on Samsara from $42.00 to $35.00 and set a "hold" rating for the company in a research note on Monday, August 25th. Evercore ISI set a $45.00 price target on shares of Samsara in a report on Wednesday, June 25th. Finally, Wall Street Zen lowered shares of Samsara from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Eight 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, the stock presently has a consensus rating of "Hold" and an average price target of $49.71.

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.