Wealth Enhancement Advisory Services LLC Buys 2,916 Shares of Samsara Inc. $IOT

Wealth Enhancement Advisory Services LLC grew its stake in shares of Samsara Inc. (NYSE:IOT) by 14.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,961 shares of the company’s stock after buying an additional 2,916 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Samsara were worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Gerber Kawasaki Wealth & Investment Management grew its position in shares of 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 during the period. Nemes Rush Group LLC raised its stake in shares of Samsara by 7.8% during the 1st 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. Empowered Funds LLC raised its stake in Samsara by 3.4% in the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock valued at $390,000 after acquiring an additional 335 shares during the period. Advisors Asset Management Inc. raised its stake in Samsara by 13.1% in the 1st quarter. Advisors Asset Management Inc. now owns 3,022 shares of the company’s stock valued at $116,000 after acquiring an additional 351 shares during the period. Finally, Keystone Financial Group Inc. raised its stake in Samsara by 300.0% in 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 during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Samsara news, insider John Bicket sold 133,421 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $38.97, for a total value of $5,199,416.37. Following the transaction, the insider owned 42,000 shares of the company’s stock, valued at approximately $1,636,740. The trade was a 76.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sanjit Biswas sold 133,410 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $38.97, for a total value of $5,198,987.70. Following the transaction, the insider directly owned 42,000 shares in the company, valued at $1,636,740. This represents a 76.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,734,679 shares of company stock worth $140,432,407 in the last ninety days. Company insiders own 46.49% of the company’s stock.

Samsara Stock Up 2.7%

NYSE IOT opened at $39.16 on Friday. The company has a market cap of $22.47 billion, a price-to-earnings ratio of -244.77 and a beta of 1.60. Samsara Inc. has a 52 week low of $31.40 and a 52 week high of $61.90. The business has a 50 day moving average price of $36.79 and a 200-day moving average price of $39.25.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $391.48 million for the quarter, compared to analysts’ expectations of $372.22 million. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.Samsara’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, equities research analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Craig Hallum raised Samsara from a “hold” rating to a “buy” rating and raised their price objective for the company from $42.00 to $48.00 in a research note on Friday, September 5th. Evercore ISI set a $50.00 target price on Samsara and gave the company an “outperform” rating in a research report on Wednesday. Piper Sandler raised their price objective on shares of Samsara from $47.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Finally, Wall Street Zen lowered Samsara from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.77.

Samsara 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.