MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 130,132 Shares of Samsara Inc. $IOT

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Samsara Inc. by 57.7%, acquiring an additional 130,132 shares, bringing its total ownership to 355,737 shares valued at approximately $13.7 million.
• Institutional investors collectively own 96.02% of Samsara's stock, with significant increases in holdings reported by companies like Jennison Associates LLC and Vanguard Group Inc..
• Samsara's stock saw a price target increase by multiple analysts, with an average target price now at $49.38 and a consensus rating of "Moderate Buy."

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 57.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 355,737 shares of the company's stock after buying an additional 130,132 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Samsara worth $13,672,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Baillie Gifford & Co. increased its holdings in Samsara by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock valued at $1,352,186,000 after buying an additional 2,348,101 shares during the period. Vanguard Group Inc. increased its holdings in Samsara by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company's stock valued at $900,581,000 after buying an additional 2,516,882 shares during the period. Jennison Associates LLC increased its holdings in Samsara by 1,881.8% in the 1st quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock valued at $450,881,000 after buying an additional 11,169,571 shares during the period. Invesco Ltd. increased its holdings in Samsara by 20.1% in the 1st quarter. Invesco Ltd. now owns 4,174,153 shares of the company's stock valued at $159,995,000 after buying an additional 697,208 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Samsara by 18.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,229,773 shares of the company's stock valued at $85,467,000 after buying an additional 352,829 shares during the period. Institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on IOT. Evercore ISI set a $45.00 price target on shares of Samsara in a report on Wednesday, June 25th. Zacks Research lowered shares of Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. BMO Capital Markets reduced their target price on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a research note on Friday, September 5th. Wells Fargo & Company boosted their target price on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, June 6th. Finally, Wall Street Zen downgraded shares of Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $49.38.

Insider Activity

In other Samsara news, insider Dominic Phillips sold 8,457 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $38.14, for a total transaction of $322,549.98. Following the completion of the sale, the insider directly owned 777,181 shares of the company's stock, valued at approximately $29,641,683.34. The trade was a 1.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total value of $30,582,910.05. The disclosure for this sale can be found here. In the last three months, insiders sold 3,717,663 shares of company stock worth $140,069,049. Corporate insiders own 46.49% of the company's stock.

Samsara Trading Down 1.0%

NYSE IOT traded down $0.39 on Friday, hitting $38.30. 5,904,994 shares of the company were exchanged, compared to its average volume of 6,858,547. The firm has a 50 day moving average of $36.67 and a two-hundred day moving average of $39.37. The company has a market cap of $21.81 billion, a P/E ratio of -239.39 and a beta of 1.61. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (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 net margin of 6.16% and a negative return on equity of 7.53%. The firm's quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. Research 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.