Liberty Mutual Group Asset Management Inc. Makes New Investment in Samsara Inc. $IOT

Key Points

• Liberty Mutual Group Asset Management Inc. has made a fresh investment in Samsara Inc., acquiring 15,398 shares valued at approximately $613,000, making Samsara its 14th largest position.
• Equities research analysts have mixed ratings for Samsara, with eight analysts rating it as a Buy and the consensus target price set at $49.55.
• Insider activity shows notable selling; a key insider sold 170,000 shares for approximately $6.5 million, representing an 82.52% decrease in their position.

Liberty Mutual Group Asset Management Inc. purchased a new position in shares of Samsara Inc. (NYSE:IOT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,398 shares of the company's stock, valued at approximately $613,000. Samsara accounts for about 0.1% of Liberty Mutual Group Asset Management Inc.'s investment portfolio, making the stock its 14th largest position.

A number of other hedge funds have also made changes to their positions in the business. Gerber Kawasaki Wealth & Investment Management raised its stake in shares of Samsara by 0.5% in the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 54,000 shares of the company's stock valued at $2,070,000 after acquiring an additional 250 shares during the period. Nemes Rush Group LLC increased its stake in Samsara by 7.8% during the 1st quarter. Nemes Rush Group LLC now owns 3,597 shares of the company's stock worth $138,000 after buying an additional 260 shares during the period. Empowered Funds LLC increased its stake in Samsara by 3.4% during the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company's stock worth $390,000 after buying an additional 335 shares during the period. Advisors Asset Management Inc. increased its stake in Samsara by 13.1% during the 1st quarter. Advisors Asset Management Inc. now owns 3,022 shares of the company's stock worth $116,000 after buying an additional 351 shares during the period. Finally, Kieckhefer Group LLC increased its stake in Samsara by 1.2% during the 2nd quarter. Kieckhefer Group LLC now owns 30,870 shares of the company's stock worth $1,228,000 after buying an additional 370 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on IOT shares. Craig Hallum raised shares of 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. Piper Sandler raised their price objective on shares of Samsara from $47.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of Samsara in a report on Wednesday, October 8th. Zacks Research lowered shares of Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Finally, Evercore ISI set a $50.00 price objective on shares of Samsara and gave the stock an "outperform" rating in a report on Wednesday, October 1st. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $49.55.

Samsara Stock Up 1.5%

Samsara stock opened at $38.13 on Wednesday. The firm has a 50-day moving average price of $36.92 and a two-hundred day moving average price of $39.15. The firm has a market capitalization of $21.87 billion, a price-to-earnings ratio of -238.30 and a beta of 1.60. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The firm had revenue of $391.48 million during the quarter, compared to analyst estimates of $372.22 million. During the same period in the previous year, the business posted $0.05 EPS. Samsara's revenue 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. Research analysts expect that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Activity at Samsara

In other Samsara news, insider John Bicket sold 170,000 shares of the business's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $38.35, for a total transaction of $6,519,500.00. Following the sale, the insider directly owned 36,000 shares in the company, valued at approximately $1,380,600. The trade was a 82.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Eltoukhy sold 4,767 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $39.40, for a total transaction of $187,819.80. Following the completion of the sale, the insider owned 302,698 shares in the company, valued at $11,926,301.20. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,734,679 shares of company stock worth $140,267,375 in the last three months. Insiders own 46.49% of the company's stock.

Samsara Company 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.

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