Citigroup Inc. Buys 109,807 Shares of Samsara Inc. $IOT

Key Points

• Citigroup Inc. significantly increased its stake in Samsara Inc. by 96.9% during the first quarter, now owning 223,144 shares valued at approximately $8.55 million.
• Several other institutional investors, including Wells Fargo and the Ontario Teachers Pension Plan Board, also raised their stakes in Samsara, contributing to institutional ownership of 96.02% of the company's stock.
• Despite recent insider sales totaling over $119 million, Samsara reported a positive earnings performance with $0.11 EPS, exceeding estimates and reflecting a 30.7% year-over-year revenue growth.

Citigroup Inc. lifted its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 96.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 223,144 shares of the company's stock after purchasing an additional 109,807 shares during the quarter. Citigroup Inc.'s holdings in Samsara were worth $8,553,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC bought a new position in Samsara during the fourth quarter valued at about $13,464,000. Wells Fargo & Company MN boosted its stake in Samsara by 101.4% during the fourth quarter. Wells Fargo & Company MN now owns 129,176 shares of the company's stock valued at $5,644,000 after buying an additional 65,028 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Samsara by 44.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 48,549 shares of the company's stock valued at $2,121,000 after buying an additional 15,039 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Samsara by 49.4% during the fourth quarter. Russell Investments Group Ltd. now owns 53,443 shares of the company's stock valued at $2,337,000 after buying an additional 17,666 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Samsara by 20.4% during the fourth quarter. Bank of Montreal Can now owns 16,801 shares of the company's stock valued at $734,000 after buying an additional 2,851 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Transactions at Samsara

In other news, insider Sanjit Biswas sold 27,602 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $36.20, for a total transaction of $999,192.40. Following the completion of the sale, the insider directly owned 851,902 shares of the company's stock, valued at $30,838,852.40. This trade represents a 3.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Eltoukhy sold 10,083 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $38.77, for a total value of $390,917.91. Following the sale, the insider directly owned 358,720 shares of the company's stock, valued at $13,907,574.40. This trade represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,691,838 shares of company stock valued at $108,950,933 in the last three months. Corporate insiders own 46.49% of the company's stock.

Samsara Trading Down 1.3%

NYSE:IOT traded down $0.4210 on Wednesday, hitting $32.6990. 1,378,031 shares of the company's stock traded hands, compared to its average volume of 4,655,485. 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 price of $37.70 and a 200-day moving average price of $41.69. The company has a market cap of $18.62 billion, a PE ratio of -148.63 and a beta of 1.62.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $366.88 million for the quarter, compared to analyst estimates of $351.44 million. Samsara had a negative net margin of 9.04% and a negative return on equity of 11.14%. The company's revenue for the quarter 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. On average, research analysts forecast that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on IOT shares. Zacks Research cut Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. BMO Capital Markets increased their price target on Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a research report on Monday, June 2nd. Piper Sandler reiterated an "overweight" rating and issued a $47.00 price target (down previously from $53.00) on shares of Samsara in a research report on Thursday, August 7th. Finally, Wells Fargo & Company increased their price target on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $50.21.

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.