Wellington Management Group LLP Boosts Stock Holdings in Samsara Inc. $IOT

Key Points

• Wellington Management Group LLP significantly increased its stake in Samsara Inc., raising its holdings by 5,252.1% during the 1st quarter, now owning 456,959 shares valued at approximately $17.5 million.
• Several other institutional investors also increased their positions in Samsara, with a combined 96.02% of the stock currently held by hedge funds and other large investors.
• Wall Street analysts have mixed ratings on Samsara, with a current consensus rating of "Hold" and an average target price of $49.71, as some analysts adjust their price objectives downward while others boost their ratings.

Wellington Management Group LLP increased its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 5,252.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 456,959 shares of the company's stock after acquiring an additional 448,421 shares during the period. Wellington Management Group LLP owned about 0.08% of Samsara worth $17,515,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Korea Investment CORP lifted its stake in Samsara by 181.4% during the 1st quarter. Korea Investment CORP now owns 40,488 shares of the company's stock worth $1,552,000 after acquiring an additional 26,100 shares in the last quarter. Northern Trust Corp increased its holdings in Samsara by 37.2% during the 1st quarter. Northern Trust Corp now owns 1,082,209 shares of the company's stock worth $41,481,000 after purchasing an additional 293,603 shares during the period. Versor Investments LP purchased a new stake in Samsara during the 1st quarter worth about $201,000. Raymond James Financial Inc. increased its holdings in Samsara by 54.5% during the 1st quarter. Raymond James Financial Inc. now owns 93,169 shares of the company's stock worth $3,571,000 after purchasing an additional 32,883 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its holdings in Samsara by 8.9% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 88,575 shares of the company's stock worth $3,395,000 after purchasing an additional 7,241 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

Insider Activity

In related news, insider John Bicket sold 67,349 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $32.64, for a total value of $2,198,271.36. Following the completion of the transaction, the insider directly owned 243,000 shares of the company's stock, valued at $7,931,520. This trade represents a 21.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sanjit Biswas sold 57,177 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $32.58, for a total value of $1,862,826.66. Following the transaction, the insider directly owned 243,000 shares of the company's stock, valued at $7,916,940. The trade was a 19.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,931,317 shares of company stock valued at $115,635,442 in the last three months. 46.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

IOT has been the topic of several recent research reports. Wells Fargo & Company upped their price target on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, June 6th. Evercore ISI set a $45.00 price target on Samsara in a report on Wednesday, June 25th. Piper Sandler restated an "overweight" rating and set a $47.00 price target (down previously from $53.00) on shares of Samsara in a report on Thursday, August 7th. BMO Capital Markets upped their price target on Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a report on Monday, June 2nd. Finally, Zacks Research downgraded Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Samsara currently has an average rating of "Hold" and an average price target of $49.71.

Samsara Stock Down 0.9%

NYSE:IOT traded down $0.34 during mid-day trading on Monday, reaching $36.11. 3,662,055 shares of the stock were exchanged, compared to its average volume of 4,939,530. The company has a 50 day simple moving average of $36.92 and a 200-day simple moving average of $40.50. The stock has a market capitalization of $20.56 billion, a P/E ratio of -164.15 and a beta of 1.61. 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 released its quarterly earnings results on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%.The firm had revenue of $366.88 million for the quarter, compared to the consensus estimate of $351.44 million. During the same quarter last year, the business posted $0.03 EPS. The firm's quarterly revenue was up 30.7% compared to the same quarter last year. 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, research analysts predict that Samsara Inc. will post -0.3 EPS 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.