UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Position in Samsara Inc. $IOT

Key Points

• UBS AM increased its stake in Samsara Inc. by 58.9%, holding a total of approximately 2.82 million shares worth $108.2 million as of the latest SEC filing.
• Multiple hedge funds, including Baillie Gifford & Co. and Vanguard Group, also raised their positions in Samsara during the first quarter, highlighting strong institutional interest with 96.02% of shares owned by institutional investors.
• Equities analysts have revised their target prices for Samsara, with firms such as Royal Bank of Canada and Piper Sandler increasing their target prices, indicating a generally positive outlook for the stock.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 58.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,823,484 shares of the company's stock after purchasing an additional 1,047,068 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.50% of Samsara worth $108,224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Baillie Gifford & Co. grew its holdings in shares of Samsara by 7.1% during the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock worth $1,352,186,000 after purchasing an additional 2,348,101 shares during the period. Vanguard Group Inc. lifted its stake in Samsara by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company's stock worth $900,581,000 after acquiring an additional 2,516,882 shares in the last quarter. Jennison Associates LLC lifted its stake in Samsara by 1,881.8% during the 1st quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock worth $450,881,000 after acquiring an additional 11,169,571 shares in the last quarter. Invesco Ltd. lifted its stake in Samsara by 20.1% during the 1st quarter. Invesco Ltd. now owns 4,174,153 shares of the company's stock worth $159,995,000 after acquiring an additional 697,208 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Samsara by 18.8% during 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. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IOT shares. Royal Bank Of Canada increased their target price on Samsara from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Piper Sandler increased their target price on Samsara from $47.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Truist Financial increased their target price on Samsara from $35.00 to $39.00 and gave the stock a "hold" rating in a research note on Friday, September 5th. BMO Capital Markets decreased their target price on Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a research note on Friday, September 5th. Finally, Morgan Stanley increased their target price on Samsara from $50.00 to $53.00 and gave the stock an "equal weight" rating in a research note on Monday, September 8th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Samsara has an average rating of "Moderate Buy" and a consensus target price of $49.38.

Samsara Price Performance

IOT stock opened at $38.30 on Friday. 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 $21.81 billion, a P/E ratio of -239.39 and a beta of 1.61. The business's 50-day moving average is $36.67 and its two-hundred day moving average is $39.50.

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

Insiders Place Their Bets

In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total value of $30,582,910.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sanjit Biswas sold 160,000 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $39.58, for a total value of $6,332,800.00. Following the completion of the transaction, the insider owned 78,000 shares in the company, valued at approximately $3,087,240. The trade was a 67.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,717,663 shares of company stock worth $140,069,049. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.