Lord Abbett & CO. LLC Acquires 356,460 Shares of Samsara Inc. $IOT

Key Points

• Lord Abbett & CO. LLC increased its stake in Samsara Inc. by 26.4%, acquiring a total of 1,707,523 shares valued at approximately $65.4 million.
• Several institutional investors have significantly boosted their holdings in Samsara, with Jennison Associates LLC increasing their stake by an impressive 1,881.8%.
• Samsara's quarterly earnings report revealed a 30.7% increase in revenue year-over-year, amounting to $366.88 million, while the company beat EPS estimates by $0.05.

Lord Abbett & CO. LLC raised its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 26.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,707,523 shares of the company's stock after acquiring an additional 356,460 shares during the period. Lord Abbett & CO. LLC owned approximately 0.30% of Samsara worth $65,449,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Nemes Rush Group LLC increased its holdings in shares of Samsara by 7.8% during the first quarter. Nemes Rush Group LLC now owns 3,597 shares of the company's stock valued at $138,000 after purchasing an additional 260 shares during the period. Tidal Investments LLC grew its position in Samsara by 4.6% in the 4th quarter. Tidal Investments LLC now owns 6,403 shares of the company's stock valued at $280,000 after buying an additional 281 shares in the last quarter. Continuum Advisory LLC increased its stake in Samsara by 32.1% during the 4th quarter. Continuum Advisory LLC now owns 1,161 shares of the company's stock valued at $51,000 after buying an additional 282 shares during the period. Cim LLC raised its position in shares of Samsara by 1.3% during the 4th quarter. Cim LLC now owns 31,164 shares of the company's stock worth $1,362,000 after buying an additional 386 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Samsara by 262.0% in the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after acquiring an additional 414 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on IOT. Zacks Research cut Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday. BMO Capital Markets upped their price objective 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. Piper Sandler restated an "overweight" rating and set a $47.00 price objective (down previously from $53.00) on shares of Samsara in a research report on Thursday, August 7th. Finally, Wall Street Zen downgraded shares of Samsara from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $50.21.

Samsara Stock Down 1.6%

Shares of Samsara stock traded down $0.53 during midday trading on Tuesday, hitting $33.37. The company's stock had a trading volume of 1,125,888 shares, compared to its average volume of 4,662,125. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90. The firm has a market capitalization of $19.00 billion, a P/E ratio of -151.49 and a beta of 1.62. The stock has a 50-day simple moving average of $37.88 and a 200-day simple moving average of $41.75.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%.The firm had revenue of $366.88 million during the quarter, compared to the consensus estimate of $351.44 million. During the same period in the prior year, the business earned $0.03 EPS. The business's revenue for the quarter 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. As a group, sell-side analysts predict that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Activity at Samsara

In other news, major shareholder Parallel Fund Iv L.P. Ah sold 399,026 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $41.33, for a total transaction of $16,491,744.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Bicket sold 170,000 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $39.42, for a total value of $6,701,400.00. Following the sale, the insider owned 367,642 shares of the company's stock, valued at approximately $14,492,447.64. This represents a 31.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,818,134 shares of company stock valued at $114,828,749. 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.