Northern Trust Corp Purchases 293,603 Shares of Samsara Inc. $IOT

Key Points

• Northern Trust Corp increased its stake in Samsara Inc. by 37.2%, owning over 1 million shares valued at approximately $41.5 million as of the latest SEC filing.
• Insiders, including Sanjit Biswas and Marc L. Andreessen, significantly sold shares recently, with Biswas reducing his ownership by 67.23% through the sale of 160,000 shares.
• Analysts have mixed opinions on Samsara, with Zacks Research lowering the rating from "strong-buy" to "hold," while Piper Sandler maintains an "overweight" rating with a target price of $47.00.

Northern Trust Corp increased its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 37.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,082,209 shares of the company's stock after purchasing an additional 293,603 shares during the quarter. Northern Trust Corp owned 0.19% of Samsara worth $41,481,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in Samsara by 262.0% in the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after purchasing an additional 414 shares during the period. Keystone Financial Group Inc. raised its position in Samsara by 300.0% in the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock worth $25,000 after purchasing an additional 450 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Samsara in the 1st quarter worth $31,000. Fourth Dimension Wealth LLC purchased a new position in Samsara in the 4th quarter worth $38,000. Finally, CWM LLC raised its position in Samsara by 385.3% in the 1st quarter. CWM LLC now owns 1,053 shares of the company's stock worth $40,000 after purchasing an additional 836 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Buying and Selling

In related news, insider Sanjit Biswas sold 57,177 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $32.58, for a total transaction of $1,862,826.66. Following the sale, the insider owned 243,000 shares of the company's stock, valued at $7,916,940. The trade was a 19.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam Eltoukhy sold 4,578 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was 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. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,931,317 shares of company stock valued at $115,635,442 over the last quarter. Corporate insiders own 46.49% of the company's stock.

Samsara Price Performance

Shares of NYSE IOT traded down $0.34 during midday trading on Friday, hitting $36.11. 3,662,055 shares of the company traded hands, compared to its average volume of 4,939,530. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90. The stock has a 50-day moving average price of $36.92 and a 200 day moving average price of $40.61.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. Samsara had a negative net margin of 9.04% and a negative return on equity of 11.14%. The company had revenue of $366.88 million for the quarter, compared to analysts' expectations of $351.44 million. During the same quarter in the previous year, the company earned $0.03 earnings per share. Samsara's quarterly revenue was up 30.7% on a year-over-year basis. Samsara has set its FY 2026 guidance at 0.390-0.410 EPS. Q2 2026 guidance at 0.060-0.070 EPS. On average, sell-side analysts expect that Samsara Inc. will post -0.3 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Evercore ISI set a $45.00 price objective on shares of Samsara in a research report on Wednesday, June 25th. Wells Fargo & Company boosted their price objective on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Truist Financial decreased their price objective on shares of Samsara from $42.00 to $35.00 and set a "hold" rating on the stock in a research report on Monday, August 25th. Wall Street Zen cut shares of Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets boosted their price objective on shares of Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a research report on Monday, June 2nd. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $49.71.

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.