BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Boosts Holdings in Samsara Inc. $IOT

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Samsara Inc. by 18.9% during the first quarter, now owning 49,723 shares valued at approximately $1.9 million.
• Several institutional investors have significantly raised their holdings in Samsara, with NewEdge Advisors LLC increasing by 262% and AlphaQuest LLC by 519.6%.
• Samsara's recent quarterly earnings report showed a revenue increase of 30.7% year-over-year, with a reported $0.11 EPS that exceeded analyst expectations.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 18.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 49,723 shares of the company's stock after purchasing an additional 7,896 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Samsara were worth $1,906,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Nemes Rush Group LLC increased its position in Samsara by 7.8% during the 1st quarter. Nemes Rush Group LLC now owns 3,597 shares of the company's stock valued at $138,000 after purchasing an additional 260 shares during the period. Tidal Investments LLC increased its holdings in shares of Samsara by 4.6% in the 4th quarter. Tidal Investments LLC now owns 6,403 shares of the company's stock valued at $280,000 after acquiring an additional 281 shares during the period. Continuum Advisory LLC increased its holdings in shares of Samsara by 32.1% in the 4th quarter. Continuum Advisory LLC now owns 1,161 shares of the company's stock valued at $51,000 after acquiring an additional 282 shares during the period. Cim LLC increased its holdings in shares of Samsara by 1.3% in the 4th quarter. Cim LLC now owns 31,164 shares of the company's stock valued at $1,362,000 after acquiring an additional 386 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of Samsara by 262.0% in the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after acquiring an additional 414 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Samsara Stock Performance

IOT stock traded down $0.34 during midday trading on Monday, reaching $36.11. The stock had a trading volume of 3,662,055 shares, compared to its average volume of 4,939,530. The stock has a market cap of $20.56 billion, a PE ratio of -164.15 and a beta of 1.61. The firm has a fifty day simple moving average of $36.86 and a two-hundred day simple moving average of $40.34. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 return on equity of 11.14% and a negative net margin of 9.04%.The firm's quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. 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 predict that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on IOT shares. Wall Street Zen downgraded Samsara from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. BMO Capital Markets lifted their price target on Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a report on Monday, June 2nd. Truist Financial cut their price target on Samsara from $42.00 to $35.00 and set a "hold" rating on the stock in a report on Monday, August 25th. Wells Fargo & Company lifted their price target on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Finally, Piper Sandler reiterated an "overweight" rating and set a $47.00 price objective (down previously from $53.00) on shares of Samsara in a report on Thursday, August 7th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $49.71.

Insider Transactions at Samsara

In other Samsara news, insider Sanjit Biswas sold 160,000 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $39.58, for a total value of $6,332,800.00. Following the sale, the insider directly owned 78,000 shares of the company's stock, valued at approximately $3,087,240. This represents a 67.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marc L. Andreessen sold 399,026 shares of Samsara stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $41.33, for a total transaction of $16,491,744.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,931,317 shares of company stock worth $115,635,442. Insiders own 46.49% of the company's stock.

Samsara 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.