Voleon Capital Management LP Decreases Stock Position in Samsara Inc. $IOT

Key Points

• Voleon Capital Management LP reduced its stake in Samsara Inc. by 64.2%, holding 22,346 shares worth $857,000 after selling 40,059 shares in the first quarter.
• Samsara's stock is currently trading at $38.68, with a market capitalization of $22.02 billion and a PE ratio of -241.75.
• In its latest quarterly earnings, Samsara reported earnings per share of $0.12, exceeding expectations, with revenue being up 30.4% year-over-year at $391.48 million.

Voleon Capital Management LP cut its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 64.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,346 shares of the company's stock after selling 40,059 shares during the period. Voleon Capital Management LP's holdings in Samsara were worth $857,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp grew its position in shares of Samsara by 2,444.6% during the first quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company's stock worth $682,000 after acquiring an additional 17,088 shares during the last quarter. Petrus Trust Company LTA grew its position in shares of Samsara by 44.8% during the first quarter. Petrus Trust Company LTA now owns 11,955 shares of the company's stock worth $458,000 after acquiring an additional 3,700 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its position in shares of Samsara by 19.9% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 32,204 shares of the company's stock worth $1,234,000 after acquiring an additional 5,347 shares during the last quarter. Millennium Management LLC grew its position in shares of Samsara by 448.9% during the first quarter. Millennium Management LLC now owns 612,859 shares of the company's stock worth $23,491,000 after acquiring an additional 501,216 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Samsara by 57.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 355,737 shares of the company's stock worth $13,672,000 after acquiring an additional 130,132 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Dominic Phillips sold 8,457 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $38.14, for a total value of $322,549.98. Following the sale, the insider directly owned 777,181 shares in the company, valued at $29,641,683.34. The trade was a 1.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders have sold 3,717,663 shares of company stock valued at $140,069,049 in the last quarter. Corporate insiders own 46.49% of the company's stock.

Samsara Stock Performance

Samsara stock traded down $0.39 during midday trading on Friday, reaching $38.30. The company's stock had a trading volume of 5,904,994 shares, compared to its average volume of 6,752,099. Samsara Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $61.90. The stock's 50 day simple moving average is $36.67 and its 200 day simple moving average is $39.43. The firm has a market capitalization of $21.81 billion, a PE ratio of -239.39 and a beta of 1.61.

Samsara (NYSE:IOT - Get Free Report) last released its earnings results 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 company had revenue of $391.48 million during the quarter, compared to the consensus estimate of $372.22 million. During the same quarter last year, the company earned $0.05 earnings per share. Samsara's quarterly revenue was up 30.4% compared to the same quarter last year. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. Equities analysts predict that Samsara Inc. will post -0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on IOT shares. Piper Sandler raised their target price on shares of Samsara from $47.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. BMO Capital Markets lowered their price objective on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a research report on Friday, September 5th. Truist Financial lifted their price objective on shares of Samsara from $35.00 to $39.00 and gave the company a "hold" rating in a research report on Friday, September 5th. Wells Fargo & Company lifted their price objective 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. Finally, Evercore ISI set a $45.00 price objective on shares of Samsara in a research report on Wednesday, June 25th. Eight investment 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, the company presently has an average rating of "Moderate Buy" and an average price target of $49.38.

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.