Sands Capital Ventures LLC Raises Stock Position in Samsara Inc. $IOT

Key Points

• Sands Capital Ventures LLC has increased its stake in Samsara Inc. (NYSE:IOT) by 27.6%, making it the firm's 9th largest position, valued at approximately $9.7 million.
• Insiders, including Sanjit Biswas, have sold a significant number of shares, totaling 2.6 million shares worth over $104 million in the last three months, while insiders still hold 46.49% of the stock.
• Despite a negative P/E ratio and recent downgrades from analysts, Samsara reported a 30.7% increase in revenue year-over-year, outperforming expectations with $366.88 million in revenue for the most recent quarter.

Sands Capital Ventures LLC boosted its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 27.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 253,432 shares of the company's stock after buying an additional 54,742 shares during the quarter. Samsara makes up approximately 2.4% of Sands Capital Ventures LLC's portfolio, making the stock its 9th largest holding. Sands Capital Ventures LLC's holdings in Samsara were worth $9,714,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas bought a new position in shares of Samsara during the 1st quarter valued at approximately $1,457,000. Ontario Teachers Pension Plan Board raised its holdings in shares of Samsara by 213.4% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,121 shares of the company's stock worth $733,000 after purchasing an additional 13,020 shares during the period. Avantax Advisory Services Inc. purchased a new position in Samsara in the first quarter valued at approximately $357,000. Charles Schwab Investment Management Inc. grew its holdings in Samsara by 18.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,229,773 shares of the company's stock valued at $85,467,000 after purchasing an additional 352,829 shares during the period. Finally, Citigroup Inc. increased its position in Samsara by 96.9% in the first quarter. Citigroup Inc. now owns 223,144 shares of the company's stock worth $8,553,000 after buying an additional 109,807 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler reaffirmed an "overweight" rating and set a $47.00 price target (down previously from $53.00) on shares of Samsara in a research report on Thursday, August 7th. Wells Fargo & Company upped their price objective on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Zacks Research lowered shares of Samsara from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. BMO Capital Markets boosted their price target 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. Finally, Wall Street Zen cut 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 assigned a Hold rating to the stock. According to data from MarketBeat, Samsara has a consensus rating of "Hold" and an average target price of $50.21.

Samsara Price Performance

IOT stock traded up $1.9510 during mid-day trading on Friday, reaching $34.7910. 5,978,806 shares of the company traded hands, compared to its average volume of 4,435,094. The company has a fifty day moving average price of $37.27 and a 200-day moving average price of $41.30. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90. The company has a market capitalization of $19.81 billion, a P/E ratio of -158.14 and a beta of 1.62.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. The company 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%. Samsara's revenue was up 30.7% compared to the same quarter last year. During the same period last year, the business 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. As a group, analysts forecast that Samsara Inc. will post -0.3 EPS for the current year.

Insider Activity

In other news, insider John Bicket sold 170,000 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $39.42, for a total value of $6,701,400.00. Following the transaction, the insider owned 367,642 shares of the company's stock, valued at approximately $14,492,447.64. This represents a 31.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Marc L. Andreessen sold 399,026 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $41.33, for a total value of $16,491,744.58. The disclosure for this sale can be found here. Insiders sold 2,931,317 shares of company stock valued at $115,635,442 in the last quarter. 46.49% of the stock is currently owned by company insiders.

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.