RFG Advisory LLC Sells 13,467 Shares of Samsara Inc. $IOT

Key Points

• RFG Advisory LLC has reduced its stake in Samsara Inc. by 44.8%, selling 13,467 shares during the second quarter, leaving them with an overall holding valued at approximately $659,000.
• Insider Sanjit Biswas sold 160,000 shares of Samsara, representing an 81.63% decrease in ownership, while the company has seen a total of 3.7 million shares sold by insiders in the past three months.
• Research analysts have mixed views on Samsara, with one downgrade from a "strong-buy" rating to "hold," but multiple firms have raised price targets, indicating a consensus rating of "Hold" with a target price around $49.55.

RFG Advisory LLC trimmed its position in Samsara Inc. (NYSE:IOT - Free Report) by 44.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 16,577 shares of the company's stock after selling 13,467 shares during the period. RFG Advisory LLC's holdings in Samsara were worth $659,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in Samsara by 5.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,010,699 shares of the company's stock valued at $78,739,000 after buying an additional 101,363 shares during the last quarter. LRI Investments LLC bought a new position in Samsara in the 2nd quarter valued at $101,000. Legal Advantage Investments Inc. boosted its position in Samsara by 25.0% in the 2nd quarter. Legal Advantage Investments Inc. now owns 10,000 shares of the company's stock valued at $398,000 after buying an additional 2,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Samsara by 6.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,746 shares of the company's stock valued at $945,000 after buying an additional 1,370 shares during the last quarter. Finally, Aberdeen Group plc bought a new position in Samsara in the 2nd quarter valued at $257,000. 96.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Samsara

In related news, insider Sanjit Biswas sold 160,000 shares of the firm's stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $38.36, for a total transaction of $6,137,600.00. Following the sale, the insider owned 36,000 shares of the company's stock, valued at approximately $1,380,960. This trade represents a 81.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Benjamin Louis Kirchhoff sold 4,933 shares of the firm's stock in a transaction on Monday, September 29th. The stock was sold at an average price of $37.47, for a total value of $184,839.51. Following the sale, the chief accounting officer directly owned 100,585 shares in the company, valued at $3,768,919.95. The trade was a 4.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,734,679 shares of company stock worth $140,267,375 in the last three months. 46.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Zacks Research lowered Samsara from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Truist Financial raised their price target on Samsara from $35.00 to $39.00 and gave the stock a "hold" rating in a research report on Friday, September 5th. Royal Bank Of Canada raised their price target on Samsara from $44.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Evercore ISI set a $50.00 price target on Samsara and gave the stock an "outperform" rating in a research report on Wednesday, October 1st. Finally, Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $49.55.

Samsara Trading Up 0.4%

Shares of Samsara stock opened at $36.55 on Friday. The company has a market capitalization of $20.97 billion, a PE ratio of -228.43 and a beta of 1.60. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90. The stock's fifty day simple moving average is $37.04 and its 200 day simple moving average is $39.11.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. The business had revenue of $391.48 million for the quarter, compared to the consensus estimate of $372.22 million. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The firm's revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. Analysts predict that Samsara Inc. will post -0.3 EPS for the current fiscal year.

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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