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Westwind Capital Has $20.71 Million Stock Holdings in Samsara Inc. $IOT

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Key Points

  • Westwind Capital increased its investment in Samsara Inc. by 1.6%, holding a total of 520,590 shares, which represents about 4.2% of its portfolio.
  • Shares of Samsara experienced significant insider selling, with approximately 3.7 million shares sold over the last ninety days by major shareholders, valued at around $140 million.
  • Despite recent fluctuations, analysts maintain a Moderate Buy consensus on Samsara, with a notable average price target of $49.38.
  • MarketBeat previews top five stocks to own in November.

Westwind Capital grew its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 520,590 shares of the company's stock after buying an additional 8,129 shares during the quarter. Samsara comprises 4.2% of Westwind Capital's holdings, making the stock its 11th biggest position. Westwind Capital owned about 0.09% of Samsara worth $20,710,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Keystone Financial Group Inc. raised its position in shares of Samsara by 300.0% during the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock worth $25,000 after buying an additional 450 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Samsara in the 1st quarter worth approximately $31,000. Fourth Dimension Wealth LLC bought a new stake in shares of Samsara in the 4th quarter worth approximately $38,000. CWM LLC raised its holdings in shares of 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 in the last quarter. Finally, AlphaQuest LLC raised its holdings in shares of Samsara by 519.6% in the 1st quarter. AlphaQuest LLC now owns 1,041 shares of the company's stock worth $40,000 after purchasing an additional 873 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Insider Activity at Samsara

In related news, insider Sanjit Biswas sold 132,398 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $36.23, for a total transaction of $4,796,779.54. Following the completion of the transaction, the insider directly owned 60,000 shares in the company, valued at $2,173,800. This represents a 68.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the company's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total transaction of $30,582,910.05. The disclosure for this sale can be found here. Insiders have sold 3,386,158 shares of company stock valued at $126,976,919 in the last 90 days. 46.49% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on IOT. BMO Capital Markets dropped their target price on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a report on Friday, September 5th. Zacks Research downgraded shares of Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Royal Bank Of Canada boosted their target price on shares of Samsara from $44.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. Truist Financial boosted their target price on shares of Samsara from $35.00 to $39.00 and gave the stock a "hold" rating in a report on Friday, September 5th. Finally, Wells Fargo & Company boosted their target price on shares of Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $49.38.

Read Our Latest Report on IOT

Samsara Stock Performance

Shares of Samsara stock traded down $0.59 on Tuesday, reaching $38.72. The stock had a trading volume of 2,466,449 shares, compared to its average volume of 4,991,815. The business's 50-day moving average price is $36.83 and its two-hundred day moving average price is $39.22. Samsara Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $61.90. The stock has a market cap of $22.21 billion, a P/E ratio of -242.28 and a beta of 1.61.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The business had revenue of $391.48 million during the quarter, compared to analysts' expectations of $372.22 million. During the same period in the previous year, the company earned $0.05 earnings per share. Samsara's revenue for the quarter was up 30.4% on a year-over-year basis. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. As a group, equities analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

About Samsara

(Free Report)

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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Institutional Ownership by Quarter for Samsara (NYSE:IOT)

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