Samsara Inc. $IOT Stake Raised by Rhumbline Advisers

Key Points

• Rhumbline Advisers increased its stake in Samsara Inc. by 26% during the first quarter, holding 46,249 shares worth approximately $1.77 million as per its latest SEC filing.
• Other institutional investors, including Jennison Associates and Vanguard Group, also significantly increased their positions in Samsara, with Jennison's stake growing by 1,881.8%.
• Samsara recently reported earnings of $0.12 per share for the last quarter, surpassing analyst expectations, and projected a FY 2026 EPS guidance of 0.450-0.470.

Rhumbline Advisers lifted its stake in Samsara Inc. (NYSE:IOT - Free Report) by 26.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,249 shares of the company's stock after buying an additional 9,552 shares during the period. Rhumbline Advisers' holdings in Samsara were worth $1,773,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IOT. Keystone Financial Group Inc. raised its stake in shares of Samsara by 300.0% during the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock valued at $25,000 after purchasing an additional 450 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Samsara during the 1st quarter valued at $31,000. Fourth Dimension Wealth LLC purchased a new stake in Samsara during the 4th quarter worth $38,000. AlphaQuest LLC lifted its holdings in Samsara by 519.6% in the 1st quarter. AlphaQuest LLC now owns 1,041 shares of the company's stock worth $40,000 after buying an additional 873 shares in the last quarter. Finally, CWM LLC boosted its position in Samsara by 385.3% in the 1st quarter. CWM LLC now owns 1,053 shares of the company's stock valued at $40,000 after buying an additional 836 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Wall Street Analyst Weigh In

IOT has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Zacks Research downgraded shares of Samsara from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. BMO Capital Markets cut their price target on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a report on Friday, September 5th. Finally, Craig Hallum raised shares of Samsara from a "hold" rating to a "buy" rating and raised their price objective for the stock from $42.00 to $48.00 in a report on Friday, September 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.38.

Insiders Place Their Bets

In other Samsara news, insider Dominic Phillips sold 46,253 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $39.15, for a total value of $1,810,804.95. Following the sale, the insider directly owned 683,425 shares in the company, valued at approximately $26,756,088.75. This trade represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Benjamin Louis Kirchhoff sold 1,772 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $38.13, for a total transaction of $67,566.36. Following the transaction, the chief accounting officer owned 105,518 shares of the company's stock, valued at $4,023,401.34. This represents a 1.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,716,158 shares of company stock worth $140,011,119. 46.49% of the stock is currently owned by insiders.

Samsara Stock Performance

Shares of Samsara stock traded down $0.77 during trading hours on Monday, reaching $39.31. The company's stock had a trading volume of 4,636,185 shares, compared to its average volume of 7,533,881. Samsara Inc. has a one year low of $31.40 and a one year high of $61.90. The company's 50 day simple moving average is $36.83 and its 200 day simple moving average is $39.22. The stock has a market cap of $22.55 billion, a P/E ratio of -245.71 and a beta of 1.61.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $372.22 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. Samsara's quarterly 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. On average, sell-side analysts predict that Samsara Inc. will post -0.3 earnings per share 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.