Samsara Inc. $IOT Shares Sold by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. reduced its stake in Samsara Inc. by 36.5%, selling 2,027,900 shares and holding approximately 3.5 million shares worth $135 million after the sale.
• Institutional investors own 96.02% of Samsara, with notable increases in stakes from various hedge funds, including a 213.4% stake increase by the Ontario Teachers Pension Plan Board.
• Recent analyst ratings have mostly shifted to a "Hold" stance, with a consensus price target of $50.21, reflecting a mixed outlook for the company's stock performance.

1832 Asset Management L.P. decreased its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 36.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,523,700 shares of the company's stock after selling 2,027,900 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.62% of Samsara worth $135,063,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IOT. Brighton Jones LLC purchased a new stake in Samsara in the 4th quarter valued at about $13,464,000. Envestnet Asset Management Inc. grew its holdings in shares of Samsara by 44.9% during the 4th 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 during the period. Raymond James Financial Inc. purchased a new stake in shares of Samsara during the 4th quarter worth about $2,634,000. Guggenheim Capital LLC purchased a new stake in shares of Samsara during the 4th quarter worth about $294,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Samsara by 262.0% during the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after purchasing an additional 414 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insiders Place Their Bets

In other Samsara news, major shareholder Parallel Fund Iv L.P. Ah sold 399,026 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $41.33, for a total value of $16,491,744.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Bicket sold 170,000 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $39.42, for a total value of $6,701,400.00. Following the completion of the transaction, the insider directly owned 367,642 shares in the company, valued at approximately $14,492,447.64. The trade was a 31.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,931,317 shares of company stock valued at $115,635,442. Company insiders own 46.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Evercore ISI set a $45.00 target price on Samsara in a report on Wednesday, June 25th. Wall Street Zen cut Samsara from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. BMO Capital Markets boosted their target price on Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a report on Monday, June 2nd. Zacks Research cut Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Finally, Wells Fargo & Company boosted their target price on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $50.21.

Samsara Price Performance

NYSE IOT traded up $1.9510 on Friday, reaching $34.7910. The company had a trading volume of 5,978,806 shares, compared to its average volume of 4,634,638. The firm has a market capitalization of $19.81 billion, a PE ratio of -158.14 and a beta of 1.62. Samsara Inc. has a 1 year low of $31.40 and a 1 year high of $61.90. The firm has a 50-day moving average of $37.27 and a 200-day moving average of $41.21.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. The firm had revenue of $366.88 million during the quarter, compared to analysts' expectations of $351.44 million. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%.Samsara's quarterly revenue was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. As a group, sell-side analysts expect that Samsara Inc. will post -0.3 EPS for the current fiscal year.

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.