Samsara Inc. $IOT Position Reduced by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. reduced its position in Samsara Inc. by 6.1%, selling 976,913 shares during the first quarter, resulting in ownership of 15,159,152 shares valued at $581,052,000.
• Samsara's stock saw a 5.9% increase, with shares currently trading at $34.79, while the company reported a 30.7% year-over-year revenue growth of $366.88 million.
• Insider trading shows significant activity, with insiders selling a total of 2,931,317 shares valued at $115.6 million in the last three months, indicating potential shifts in investor sentiment.

Price T Rowe Associates Inc. MD decreased its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,159,152 shares of the company's stock after selling 976,913 shares during the period. Price T Rowe Associates Inc. MD owned 2.66% of Samsara worth $581,052,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IOT. Brighton Jones LLC bought a new stake in Samsara during the fourth quarter worth approximately $13,464,000. Envestnet Asset Management Inc. raised its holdings in Samsara by 44.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 48,549 shares of the company's stock worth $2,121,000 after purchasing an additional 15,039 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Samsara during the fourth quarter worth approximately $2,634,000. Guggenheim Capital LLC bought a new stake in Samsara during the fourth quarter worth approximately $294,000. Finally, NewEdge Advisors LLC raised its holdings in Samsara by 262.0% during the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Samsara Stock Up 5.9%

Shares of NYSE:IOT opened at $34.7910 on Friday. The company's fifty day moving average is $37.27 and its two-hundred day moving average is $41.38. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90. The company has a market cap of $19.81 billion, a P/E ratio of -158.14 and a beta of 1.62.

Samsara (NYSE:IOT - Get Free Report) last announced its 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 the consensus estimate of $351.44 million. During the same period in the previous year, the business earned $0.03 EPS. The company's 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. Equities research analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling at Samsara

In other Samsara news, insider John Bicket sold 67,349 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $32.64, for a total transaction of $2,198,271.36. Following the sale, the insider directly owned 243,000 shares of the company's stock, valued at $7,931,520. The trade was a 21.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sanjit Biswas sold 57,177 shares of the business's stock in a transaction on 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 directly owned 243,000 shares in the company, valued at approximately $7,916,940. This trade represents a 19.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,931,317 shares of company stock valued at $115,635,442 in the last three months. 46.49% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on IOT shares. Wells Fargo & Company upped 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. Zacks Research cut Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. BMO Capital Markets upped 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. Wall Street Zen cut Samsara from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Evercore ISI set a $45.00 price target on Samsara in a report on Wednesday, June 25th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $50.21.

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.

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