Samsara Inc. $IOT Stock Holdings Increased by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. increased its holdings in Samsara Inc. by 28.2% in Q1, bringing their total investment to approximately $2.98 million for 77,632 shares.
• Insider transactions were notable, with John Bicket and Sanjit Biswas selling significant shares, resulting in a decrease of their ownership by 2.90% and 3.14%, respectively.
• Several analysts have varying outlooks on Samsara, with price targets ranging from $45.00 to $54.00 and a consensus rating of "Hold" according to MarketBeat.

Resona Asset Management Co. Ltd. grew its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 28.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,632 shares of the company's stock after purchasing an additional 17,070 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Samsara were worth $2,982,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IOT. Brighton Jones LLC purchased a new stake in shares of Samsara during the fourth quarter valued at approximately $13,464,000. Wells Fargo & Company MN raised its stake in shares of Samsara by 101.4% during the fourth quarter. Wells Fargo & Company MN now owns 129,176 shares of the company's stock valued at $5,644,000 after purchasing an additional 65,028 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Samsara by 44.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 48,549 shares of the company's stock valued at $2,121,000 after purchasing an additional 15,039 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Samsara by 49.4% during the fourth quarter. Russell Investments Group Ltd. now owns 53,443 shares of the company's stock valued at $2,337,000 after purchasing an additional 17,666 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Samsara by 20.4% during the fourth quarter. Bank of Montreal Can now owns 16,801 shares of the company's stock valued at $734,000 after purchasing an additional 2,851 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Activity at Samsara

In other Samsara news, Director Marc L. Andreessen sold 399,026 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $41.33, for a total value of $16,491,744.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Bicket sold 170,000 shares of the company's stock in a transaction dated 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 directly owned 367,642 shares of the company's stock, valued at $14,492,447.64. The trade was a 31.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,691,838 shares of company stock worth $108,950,933. 46.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IOT. Piper Sandler restated an "overweight" rating and issued a $47.00 price target (down previously from $53.00) on shares of Samsara in a research note on Thursday, August 7th. BMO Capital Markets lifted their price target on shares of Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a research note on Monday, June 2nd. Evercore ISI set a $45.00 price target on shares of Samsara in a research note on Wednesday, June 25th. Zacks Research lowered shares of Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Wall Street Zen lowered shares of Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $50.21.

Samsara Stock Performance

Shares of Samsara stock traded down $0.1350 during trading on Wednesday, hitting $32.9850. 3,046,467 shares of the stock were exchanged, compared to its average volume of 4,666,121. The stock's fifty day moving average is $37.70 and its 200 day moving average is $41.69. The stock has a market cap of $18.78 billion, a PE ratio of -149.93 and a beta of 1.62. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. The business had revenue of $366.88 million during 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 company's quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 earnings per share. 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 anticipate that Samsara Inc. will post -0.3 EPS for the current fiscal year.

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.