Samsara Inc. $IOT Shares Bought by Zevenbergen Capital Investments LLC

Key Points

• Zevenbergen Capital Investments LLC increased its stake in Samsara Inc. by 62.4% during the 2nd quarter, owning 954,791 shares valued at approximately $37.98 million.
• Several institutional investors have also significantly boosted their positions in Samsara, with 96.02% of the company's stock now held by hedge funds and other investors.
• Samsara's recent earnings report showed an EPS of $0.12, exceeding expectations, and a year-over-year revenue growth of 30.4% to $391.48 million.

Zevenbergen Capital Investments LLC boosted its stake in Samsara Inc. (NYSE:IOT - Free Report) by 62.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 954,791 shares of the company's stock after purchasing an additional 366,982 shares during the period. Zevenbergen Capital Investments LLC owned about 0.17% of Samsara worth $37,982,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of IOT. Keystone Financial Group Inc. boosted its holdings in Samsara by 300.0% in the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock worth $25,000 after acquiring an additional 450 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Samsara during the first quarter valued at $31,000. Fourth Dimension Wealth LLC bought a new position in shares of Samsara during the fourth quarter valued at $38,000. AlphaQuest LLC lifted its holdings in shares of Samsara by 519.6% during the first quarter. AlphaQuest LLC now owns 1,041 shares of the company's stock valued at $40,000 after purchasing an additional 873 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Samsara by 385.3% during the first quarter. CWM LLC now owns 1,053 shares of the company's stock valued at $40,000 after purchasing an additional 836 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Samsara

In other Samsara news, insider Dominic Phillips sold 46,253 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $39.15, for a total value of $1,810,804.95. Following the completion of the transaction, the insider directly owned 683,425 shares of the company's stock, valued at approximately $26,756,088.75. The trade was a 6.34% 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, insider Adam Eltoukhy sold 18,219 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $39.15, for a total value of $713,273.85. Following the completion of the transaction, the insider directly owned 302,698 shares of the company's stock, valued at $11,850,626.70. The trade was a 5.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,716,158 shares of company stock valued at $140,011,119. 46.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Evercore ISI set a $45.00 target price on Samsara in a report on Wednesday, June 25th. Morgan Stanley increased their target price on Samsara from $50.00 to $53.00 and gave the company an "equal weight" rating in a report on Monday, September 8th. Wall Street Zen downgraded Samsara from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada increased their target price on Samsara from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, September 5th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $49.38.

Samsara Price Performance

Samsara stock traded up $0.12 during trading hours on Friday, hitting $40.09. 1,211,369 shares of the stock traded hands, compared to its average volume of 4,981,302. The firm's 50 day moving average price is $36.74 and its 200-day moving average price is $39.27. The stock has a market capitalization of $22.82 billion, a price-to-earnings ratio of -250.55 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 posted its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. The business had revenue of $391.48 million for the quarter, compared to the consensus estimate of $372.22 million. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The company's quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Research analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current fiscal 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.