Westwind Capital Has $20.71 Million Stake in Samsara Inc. $IOT

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.

Westwind Capital grew its stake in Samsara Inc. (NYSE:IOT - Free Report) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 520,590 shares of the company's stock after acquiring an additional 8,129 shares during the quarter. Samsara comprises approximately 4.2% of Westwind Capital's portfolio, making the stock its 11th biggest holding. Westwind Capital owned approximately 0.09% of Samsara worth $20,710,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its holdings in shares of Samsara by 29.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 13,442 shares of the company's stock worth $535,000 after acquiring an additional 3,098 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in Samsara by 4.9% in the 2nd quarter. IFM Investors Pty Ltd now owns 51,919 shares of the company's stock valued at $2,065,000 after acquiring an additional 2,410 shares during the period. Family Legacy Financial Solutions LLC bought a new position in Samsara in the second quarter valued at approximately $40,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Samsara by 14.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 22,961 shares of the company's stock worth $898,000 after buying an additional 2,916 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in Samsara by 74.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 106,400 shares of the company's stock valued at $4,233,000 after buying an additional 45,300 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Samsara

In related news, insider Adam Eltoukhy sold 18,219 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $39.15, for a total transaction of $713,273.85. Following the completion of the transaction, the insider directly owned 302,698 shares of the company's stock, valued at $11,850,626.70. This represents a 5.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Benjamin Louis Kirchhoff sold 1,772 shares of Samsara stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $38.13, for a total transaction of $67,566.36. Following the completion of the sale, the chief accounting officer directly owned 105,518 shares of the company's stock, valued at $4,023,401.34. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,716,158 shares of company stock worth $140,011,119. Insiders own 46.49% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IOT. Zacks Research lowered Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Wall Street Zen downgraded shares of Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada increased their price objective on shares of Samsara from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Morgan Stanley raised their price target on shares of Samsara from $50.00 to $53.00 and gave the stock an "equal weight" rating in a research note on Monday, September 8th. Finally, Evercore ISI set a $45.00 target price on shares of Samsara in a research note on Wednesday, June 25th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Samsara currently has a consensus rating of "Moderate Buy" and an average price target of $49.38.

Samsara Stock Performance

Shares of IOT stock traded up $0.24 during mid-day trading on Friday, hitting $40.21. The company's stock had a trading volume of 5,937,081 shares, compared to its average volume of 7,533,881. The business has a 50-day moving average price of $36.79 and a 200 day moving average price of $39.20. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90. The stock has a market cap of $23.07 billion, a price-to-earnings ratio of -251.31 and a beta of 1.61.

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

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.