Zevenbergen Capital Investments LLC Boosts Stake in Samsara Inc. $IOT

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 increased its position in Samsara Inc. (NYSE:IOT - Free Report) by 62.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 954,791 shares of the company's stock after purchasing an additional 366,982 shares during the period. Zevenbergen Capital Investments LLC owned 0.17% of Samsara worth $37,982,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Baillie Gifford & Co. lifted its holdings in shares of Samsara by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock valued at $1,352,186,000 after purchasing an additional 2,348,101 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Samsara by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company's stock valued at $900,581,000 after purchasing an additional 2,516,882 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Samsara by 1,881.8% in the 1st quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock valued at $450,881,000 after purchasing an additional 11,169,571 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Samsara by 20.1% in the 1st quarter. Invesco Ltd. now owns 4,174,153 shares of the company's stock valued at $159,995,000 after purchasing an additional 697,208 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Samsara by 58.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,823,484 shares of the company's stock valued at $108,224,000 after purchasing an additional 1,047,068 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IOT has been the topic of several recent research reports. Morgan Stanley boosted their price target on Samsara from $50.00 to $53.00 and gave the company an "equal weight" rating in a research report on Monday, September 8th. Royal Bank Of Canada boosted their price target on Samsara from $44.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. Wall Street Zen cut Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Craig Hallum upgraded Samsara from a "hold" rating to a "buy" rating and boosted their price target for the company from $42.00 to $48.00 in a research report on Friday, September 5th. Finally, Wells Fargo & Company boosted their price target on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $49.38.

Samsara Price Performance

IOT opened at $38.30 on Friday. The stock has a market cap of $21.81 billion, a P/E ratio of -239.39 and a beta of 1.61. The stock's 50 day simple moving average is $36.67 and its 200 day simple moving average is $39.43. 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 earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (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 firm had revenue of $391.48 million for the quarter, compared to analyst estimates of $372.22 million. During the same quarter in the prior year, the company earned $0.05 EPS. Samsara's revenue 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. Research analysts expect that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Insider Transactions at Samsara

In other Samsara news, insider Dominic Phillips sold 8,457 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $38.14, for a total transaction of $322,549.98. Following the transaction, the insider owned 777,181 shares of the company's stock, valued at $29,641,683.34. This represents a 1.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Benjamin Louis Kirchhoff sold 1,772 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $38.13, for a total value of $67,566.36. Following the transaction, the chief accounting officer directly owned 105,518 shares in the company, valued at approximately $4,023,401.34. This represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,717,663 shares of company stock worth $140,069,049 in the last quarter. 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.

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