Samsara (NYSE:IOT) Major Shareholder Sells $30,582,910.05 in Stock

Key Points

• Major shareholder Horowitz Lsv Fund Andreessen sold 793,331 shares of Samsara at an average price of $38.55, totaling $30,582,910.05.
• Samsara's stock price increased by 0.5% to reach $38.79 following the sale, with a market capitalization of $22.08 billion.
• The company reported earnings of $0.12 EPS for the last quarter, exceeding analysts' expectations by $0.05 and showing a revenue increase of 30.4% from the previous year.

Samsara Inc. (NYSE:IOT - Get Free Report) major shareholder Horowitz Lsv Fund Andreessen sold 793,331 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total value of $30,582,910.05. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Samsara Stock Up 0.5%

Shares of NYSE IOT traded up $0.19 during midday trading on Wednesday, hitting $38.79. The stock had a trading volume of 8,945,932 shares, compared to its average volume of 6,634,579. The company has a market capitalization of $22.08 billion, a PE ratio of -242.41 and a beta of 1.61. The stock has a 50 day simple moving average of $36.70 and a 200-day simple moving average of $39.66. 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 announced its quarterly earnings data on Thursday, September 4th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. The firm 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 7.80% and a negative net margin of 6.16%.The firm's revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. As a group, analysts expect that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Gerber Kawasaki Wealth & Investment Management increased its holdings in Samsara by 0.5% in the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 54,000 shares of the company's stock valued at $2,070,000 after purchasing an additional 250 shares in the last quarter. Nemes Rush Group LLC grew its stake in Samsara by 7.8% in the first quarter. Nemes Rush Group LLC now owns 3,597 shares of the company's stock worth $138,000 after purchasing an additional 260 shares in the last quarter. Tidal Investments LLC grew its stake in Samsara by 4.6% in the fourth quarter. Tidal Investments LLC now owns 6,403 shares of the company's stock worth $280,000 after purchasing an additional 281 shares in the last quarter. Continuum Advisory LLC lifted its holdings in Samsara by 32.1% in the fourth quarter. Continuum Advisory LLC now owns 1,161 shares of the company's stock worth $51,000 after acquiring an additional 282 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Samsara by 3.4% in the first quarter. Empowered Funds LLC now owns 10,168 shares of the company's stock worth $390,000 after acquiring an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on IOT. Zacks Research cut Samsara from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Royal Bank Of Canada upped their target price on Samsara from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. Evercore ISI set a $45.00 target price on Samsara in a research note on Wednesday, June 25th. Wall Street Zen lowered Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Truist Financial upped their target price on Samsara from $35.00 to $39.00 and gave the company a "hold" rating in a research note on Friday, September 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $49.38.

Samsara Company Profile

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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