Rhumbline Advisers Boosts Stock Position in Samsara Inc. $IOT

Rhumbline Advisers lifted its position in Samsara Inc. (NYSE:IOT) by 26.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,249 shares of the company’s stock after acquiring an additional 9,552 shares during the quarter. Rhumbline Advisers’ holdings in Samsara were worth $1,773,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Jennison Associates LLC boosted its position in Samsara by 1,881.8% during 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 period. Vanguard Group Inc. boosted its position in Samsara by 12.0% during 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 period. Baillie Gifford & Co. boosted its position in Samsara by 7.1% during the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company’s stock worth $1,352,186,000 after acquiring an additional 2,348,101 shares during the period. Bessemer Group Inc. boosted its position in Samsara by 2,635,339.0% during the 1st quarter. Bessemer Group Inc. now owns 1,080,530 shares of the company’s stock worth $41,418,000 after acquiring an additional 1,080,489 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Samsara by 58.9% during 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 worth $108,224,000 after acquiring an additional 1,047,068 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity at Samsara

In related news, Director Jonathan Chadwick sold 22,500 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $39.29, for a total transaction of $884,025.00. Following the completion of the transaction, the director owned 43,865 shares of the company’s stock, valued at approximately $1,723,455.85. The trade was a 33.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Benjamin Louis Kirchhoff sold 1,772 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $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 a total of 3,716,158 shares of company stock worth $140,011,119 in the last 90 days. Insiders own 46.49% of the company’s stock.

Samsara Trading Up 3.0%

Shares of IOT stock opened at $40.02 on Friday. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90. The company has a market capitalization of $22.78 billion, a price-to-earnings ratio of -250.13 and a beta of 1.61. The stock’s fifty day simple moving average is $36.74 and its 200-day simple moving average is $39.27.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share 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 business had revenue of $391.48 million for the quarter, compared to the consensus estimate of $372.22 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. Samsara’s revenue for the quarter was up 30.4% compared to the same quarter last year. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, sell-side analysts predict that Samsara Inc. will post -0.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Piper Sandler boosted their price target on Samsara from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Zacks Research downgraded Samsara from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. BMO Capital Markets dropped their price objective on Samsara from $54.00 to $47.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. Wells Fargo & Company boosted their price objective on Samsara from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, June 6th. Finally, Truist Financial boosted their price objective on Samsara from $35.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, September 5th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Samsara presently has a consensus rating of “Moderate Buy” and an average 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.