Millennium Management LLC Purchases 501,216 Shares of Samsara Inc. $IOT

Millennium Management LLC increased its position in Samsara Inc. (NYSE:IOT) by 448.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 612,859 shares of the company’s stock after purchasing an additional 501,216 shares during the quarter. Millennium Management LLC owned approximately 0.11% of Samsara worth $23,491,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vident Advisory LLC lifted its holdings in shares of Samsara by 66.2% during the first quarter. Vident Advisory LLC now owns 14,282 shares of the company’s stock valued at $547,000 after acquiring an additional 5,691 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Samsara during the first quarter valued at $1,457,000. Ontario Teachers Pension Plan Board lifted its holdings in shares of Samsara by 213.4% during the first quarter. Ontario Teachers Pension Plan Board now owns 19,121 shares of the company’s stock valued at $733,000 after acquiring an additional 13,020 shares during the period. Avantax Advisory Services Inc. bought a new position in shares of Samsara during the first quarter valued at $357,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Samsara by 18.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,229,773 shares of the company’s stock valued at $85,467,000 after acquiring an additional 352,829 shares during the period. 96.02% of the stock is owned by institutional investors.

Samsara Stock Down 1.0%

Samsara stock opened at $38.30 on Friday. The stock has a market capitalization of $21.81 billion, a PE ratio of -239.39 and a beta of 1.61. Samsara Inc. has a twelve month low of $31.40 and a twelve month high of $61.90. The company has a 50 day moving average of $36.67 and a 200-day moving average of $39.50.

Samsara (NYSE:IOT) last released 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 company had revenue of $391.48 million during the quarter, compared to analysts’ expectations of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. Equities analysts anticipate that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Insider Transactions at Samsara

In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total transaction of $30,582,910.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of the business’s 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 disclosure for this sale can be found here. In the last three months, insiders have sold 3,717,663 shares of company stock worth $140,069,049. Corporate insiders own 46.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on IOT shares. Morgan Stanley lifted their price objective on Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, September 8th. Wells Fargo & Company raised their target price on Samsara from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, June 6th. Zacks Research lowered Samsara from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Wall Street Zen lowered Samsara from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Evercore ISI set a $45.00 target price on Samsara in a research note on Wednesday, June 25th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.