Vestmark Advisory Solutions Inc. Has $874,000 Holdings in Samsara Inc. $IOT

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in Samsara Inc. (NYSE:IOT) by 117.5%, acquiring an additional 12,318 shares and bringing their total ownership to 22,804 shares valued at $874,000.
• Institutional investors own 96.02% of Samsara's stock, indicating strong institutional interest in the company.
• Recent insider trading included Sanjit Biswas selling 160,000 shares for approximately $6.3 million, representing a 67.23% decrease in ownership, while John Bicket sold 170,000 shares valued at roughly $6.7 million.

Vestmark Advisory Solutions Inc. increased its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 117.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,804 shares of the company's stock after purchasing an additional 12,318 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Samsara were worth $874,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in IOT. Brighton Jones LLC acquired a new position in shares of Samsara in the 4th quarter worth approximately $13,464,000. Wells Fargo & Company MN grew its position in Samsara by 101.4% in the fourth quarter. Wells Fargo & Company MN now owns 129,176 shares of the company's stock worth $5,644,000 after acquiring an additional 65,028 shares in the last quarter. Envestnet Asset Management Inc. boosted 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 buying an additional 15,039 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Samsara by 49.4% during the 4th quarter. Russell Investments Group Ltd. now owns 53,443 shares of the company's stock worth $2,337,000 after buying an additional 17,666 shares during the period. Finally, Bank of Montreal Can raised its stake in Samsara by 20.4% during the 4th quarter. Bank of Montreal Can now owns 16,801 shares of the company's stock valued at $734,000 after purchasing an additional 2,851 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Analysts Set New Price Targets

IOT has been the subject of several research analyst reports. Zacks Research cut shares of Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Evercore ISI set a $45.00 target price on shares of Samsara in a research report on Wednesday, June 25th. Piper Sandler reissued an "overweight" rating and set a $47.00 price objective (down previously from $53.00) on shares of Samsara in a report on Thursday, August 7th. Wells Fargo & Company increased their price objective on shares of Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Finally, Wall Street Zen lowered shares of Samsara from a "buy" rating to a "hold" rating in a research note 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's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $50.21.

Insider Activity at Samsara

In other news, insider Sanjit Biswas sold 160,000 shares of the business's 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 sale, the insider owned 78,000 shares of the company's stock, valued at approximately $3,087,240. The trade was a 67.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marc L. Andreessen sold 399,026 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $41.33, for a total transaction of $16,491,744.58. The disclosure for this sale can be found here. In the last three months, insiders sold 2,691,838 shares of company stock valued at $108,950,933. 46.49% of the stock is owned by company insiders.

Samsara Stock Down 0.4%

Shares of NYSE:IOT traded down $0.1350 during midday trading on Wednesday, hitting $32.9850. The stock had a trading volume of 3,046,485 shares, compared to its average volume of 4,666,450. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90. The business's 50-day simple moving average is $37.70 and its 200-day simple moving average is $41.69. The company has a market cap of $18.78 billion, a P/E ratio of -149.93 and a beta of 1.62.

Samsara (NYSE:IOT - Get Free Report) last released its earnings results 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. Samsara had a negative net margin of 9.04% and a negative return on equity of 11.14%. The business had revenue of $366.88 million during the quarter, compared to analysts' expectations of $351.44 million. During the same period last year, the business earned $0.03 earnings per share. The firm's revenue 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, equities analysts predict that Samsara Inc. will post -0.3 earnings per share for the current year.

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.