Parallel Fund Iv L.P. Ah Sells 793,331 Shares of Samsara (NYSE:IOT) Stock

Key Points

• Parallel Fund Iv L.P. Ah sold 793,331 shares of Samsara Inc. at an average price of $38.55, resulting in a total transaction amount of approximately $30.58 million.
• Samsara reported earnings of $0.12 per share for the last quarter, exceeding analyst expectations, with revenue increasing by 30.4% year-over-year to $391.48 million.
• Brokerages have mixed ratings on Samsara, with average price targets ranging from $44.00 to $50.00, signifying a consensus rating of "Moderate Buy."

Samsara Inc. (NYSE:IOT - Get Free Report) major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of Samsara 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Samsara Price Performance

Shares of NYSE:IOT traded up $0.19 during trading hours on Wednesday, hitting $38.79. The company's stock had a trading volume of 8,945,932 shares, compared to its average volume of 6,634,579. Samsara Inc. has a 52 week low of $31.40 and a 52 week high of $61.90. The company has a market capitalization of $22.08 billion, a price-to-earnings ratio of -242.41 and a beta of 1.61. The firm's fifty day moving average price is $36.70 and its 200 day moving average price is $39.66.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly 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. The business had revenue of $391.48 million for the quarter, compared to analyst estimates of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.80%. Samsara's revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. On average, equities research analysts predict that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Samsara

Institutional investors and hedge funds have recently bought and sold shares of the company. Keystone Financial Group Inc. lifted its stake in Samsara by 300.0% during the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock valued at $25,000 after acquiring an additional 450 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Samsara in the 2nd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Samsara during the 1st quarter valued at about $31,000. Fourth Dimension Wealth LLC bought a new stake in shares of Samsara during the fourth quarter valued at about $38,000. Finally, CWM LLC increased its position 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 buying an additional 836 shares during the period. Institutional investors own 96.02% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on IOT. Royal Bank Of Canada increased their target price on shares of 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 shares of Samsara from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Zacks Research cut shares of Samsara from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Evercore ISI set a $45.00 price objective on shares of Samsara in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company raised their price objective on shares of Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.

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