Quantbot Technologies LP acquired a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,778 shares of the company's stock, valued at approximately $1,563,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IOT. Jennison Associates LLC lifted its position in Samsara by 1,881.8% during the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock valued at $450,881,000 after purchasing an additional 11,169,571 shares during the period. Vanguard Group Inc. lifted its position in Samsara by 12.0% during the first quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company's stock valued at $900,581,000 after purchasing an additional 2,516,882 shares during the period. Baillie Gifford & Co. lifted its position in Samsara by 7.1% during the first quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock valued at $1,352,186,000 after purchasing an additional 2,348,101 shares during the period. Bessemer Group Inc. lifted its position in Samsara by 2,635,339.0% during the first quarter. Bessemer Group Inc. now owns 1,080,530 shares of the company's stock valued at $41,418,000 after purchasing an additional 1,080,489 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Samsara by 99.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,909,336 shares of the company's stock worth $74,082,000 after acquiring an additional 952,791 shares during the period. Institutional investors own 96.02% of the company's stock.
Analyst Ratings Changes
IOT has been the topic of several recent research reports. Wells Fargo & Company increased their price target on shares of Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Piper Sandler reiterated an "overweight" rating and issued a $47.00 price target (down from $53.00) on shares of Samsara in a research report on Thursday, August 7th. BMO Capital Markets increased their price target on shares of Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a research report on Monday, June 2nd. Wall Street Zen downgraded shares of Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. 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 equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Samsara currently has a consensus rating of "Hold" and an average target price of $50.21.
Read Our Latest Report on IOT
Insider Activity
In other news, insider Adam Eltoukhy sold 4,578 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $32.73, for a total transaction of $149,837.94. Following the sale, the insider directly owned 358,720 shares in the company, valued at $11,740,905.60. This trade represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Bicket sold 67,349 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $32.64, for a total transaction of $2,198,271.36. Following the transaction, the insider directly owned 243,000 shares of the company's stock, valued at $7,931,520. The trade was a 21.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,931,317 shares of company stock worth $115,635,442 in the last three months. Company insiders own 46.49% of the company's stock.
Samsara Price Performance
Shares of IOT stock opened at $34.7910 on Friday. The company has a market capitalization of $19.81 billion, a price-to-earnings ratio of -158.14 and a beta of 1.62. Samsara Inc. has a one year low of $31.40 and a one year high of $61.90. The company's fifty day moving average price is $37.27 and its 200-day moving average price is $41.38.
Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $366.88 million for the quarter, compared to the consensus estimate of $351.44 million. Samsara had a negative net margin of 9.04% and a negative return on equity of 11.14%. The company's revenue was up 30.7% on a year-over-year basis. During the same period last year, the firm earned $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. Equities research analysts expect that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.
About Samsara
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Samsara, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Samsara wasn't on the list.
While Samsara currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
MarketBeat All Access