Samsara Inc. $IOT Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. significantly increased its stake in Samsara Inc., purchasing an additional 217,884 shares during the first quarter, raising its holdings by 407.7% to a total of 271,327 shares worth approximately $10.4 million.
• Samsara's latest quarterly earnings report revealed a 30.7% year-over-year increase in revenue to $366.88 million and earnings per share of $0.11, exceeding analyst estimates.
• Analysts have varied targets for Samsara's stock, with price objectives ranging from $45.00 to $54.00, and a consensus rating of "Hold," reflecting differing views on the stock's potential performance.

Russell Investments Group Ltd. boosted its position in Samsara Inc. (NYSE:IOT - Free Report) by 407.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,327 shares of the company's stock after buying an additional 217,884 shares during the quarter. Russell Investments Group Ltd.'s holdings in Samsara were worth $10,400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. increased its holdings in Samsara by 28.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 77,632 shares of the company's stock valued at $2,982,000 after buying an additional 17,070 shares during the last quarter. AGF Management Ltd. grew its holdings in shares of Samsara by 10.4% during the first quarter. AGF Management Ltd. now owns 399,174 shares of the company's stock valued at $15,300,000 after purchasing an additional 37,747 shares during the last quarter. Zevenbergen Capital Investments LLC grew its holdings in shares of Samsara by 42.0% during the first quarter. Zevenbergen Capital Investments LLC now owns 587,809 shares of the company's stock valued at $22,531,000 after purchasing an additional 173,984 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Samsara by 20.1% during the first quarter. Invesco Ltd. now owns 4,174,153 shares of the company's stock valued at $159,995,000 after purchasing an additional 697,208 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Samsara by 31.0% during the first quarter. Benjamin Edwards Inc. now owns 8,266 shares of the company's stock valued at $317,000 after purchasing an additional 1,956 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on IOT shares. BMO Capital Markets upped their target price on Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a report on Monday, June 2nd. Evercore ISI set a $45.00 target price on Samsara in a report on Wednesday, June 25th. Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Piper Sandler reaffirmed an "overweight" rating and set a $47.00 target price (down from $53.00) on shares of Samsara in a report on Thursday, August 7th. Finally, Zacks Research lowered Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $50.21.

Samsara Stock Performance

IOT stock traded down $0.1820 on Thursday, reaching $32.8180. The company's stock had a trading volume of 2,636,163 shares, compared to its average volume of 4,448,939. Samsara Inc. has a 52 week low of $31.40 and a 52 week high of $61.90. The firm has a fifty day moving average of $37.51 and a two-hundred day moving average of $41.63.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data 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 business 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 business's revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period in the prior year, the company 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, equities research analysts anticipate that Samsara Inc. will post -0.3 EPS for the current year.

Insiders Place Their Bets

In other Samsara news, insider John Bicket sold 67,349 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $32.64, for a total value of $2,198,271.36. Following the completion of the sale, the insider directly owned 243,000 shares in the company, valued at $7,931,520. This represents a 21.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sanjit Biswas sold 57,177 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $32.58, for a total value of $1,862,826.66. Following the completion of the sale, the insider owned 243,000 shares of the company's stock, valued at $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 sold 2,931,317 shares of company stock worth $115,635,442 over the last ninety days. Company insiders own 46.49% of the company's stock.

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.