SCS Capital Management LLC Invests $571,000 in Samsara Inc. $IOT

Key Points

• SCS Capital Management LLC has invested approximately $571,000 in Samsara Inc. by acquiring 14,900 shares of the company in the first quarter.
• Insider trading activity includes notable sales by Dominic Phillips and John Bicket, who sold a combined total of 58,113 shares for over $2.1 million.
• Samsara reported a quarterly revenue of $391.48 million, surpassing analyst expectations, while also setting FY 2026 guidance for earnings per share between 0.450-0.470.

SCS Capital Management LLC bought a new position in Samsara Inc. (NYSE:IOT - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,900 shares of the company's stock, valued at approximately $571,000.

Other institutional investors have also recently made changes to their positions in the company. Vident Advisory LLC grew its stake in shares of Samsara by 66.2% in the 1st quarter. Vident Advisory LLC now owns 14,282 shares of the company's stock worth $547,000 after acquiring an additional 5,691 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Samsara in the 1st quarter worth $1,457,000. Ontario Teachers Pension Plan Board grew its stake in shares of Samsara by 213.4% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,121 shares of the company's stock worth $733,000 after acquiring an additional 13,020 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of Samsara in the 1st quarter worth $357,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Samsara by 18.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,229,773 shares of the company's stock worth $85,467,000 after acquiring an additional 352,829 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Samsara Trading Down 1.0%

Samsara stock traded down $0.39 on Friday, hitting $38.30. 5,904,994 shares of the stock traded hands, compared to its average volume of 6,752,099. The firm has a market cap of $21.81 billion, a P/E ratio of -239.39 and a beta of 1.61. The business's fifty day simple moving average is $36.67 and its 200 day simple moving average is $39.43. Samsara Inc. has a 1 year low of $31.40 and a 1 year high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. The firm had revenue of $391.48 million during the quarter, compared to analyst estimates of $372.22 million. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.Samsara's quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS. 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, analysts predict that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling at Samsara

In other Samsara news, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total transaction of $30,582,910.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Adam Eltoukhy sold 9,758 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $38.14, for a total value of $372,170.12. Following the transaction, the insider owned 339,624 shares of the company's stock, valued at approximately $12,953,259.36. This trade represents a 2.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,717,663 shares of company stock worth $140,069,049. 46.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

IOT has been the subject of several research reports. Wells Fargo & Company increased their price target on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. BMO Capital Markets lowered their target price on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a research note on Friday, September 5th. Craig Hallum upgraded shares of Samsara from a "hold" rating to a "buy" rating and increased their price target for the company from $42.00 to $48.00 in a research report on Friday, September 5th. Morgan Stanley increased their price target on shares of Samsara from $50.00 to $53.00 and gave the company an "equal weight" rating in a research report on Monday, September 8th. Finally, Evercore ISI set a $45.00 price target on shares of Samsara in a research report 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.38.

Samsara 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.