Samsara Inc. $IOT Shares Sold by Assetmark Inc.

Assetmark Inc. reduced its position in shares of Samsara Inc. (NYSE:IOT) by 87.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,585 shares of the company’s stock after selling 10,633 shares during the period. Assetmark Inc.’s holdings in Samsara were worth $63,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IOT. Brighton Jones LLC purchased a new stake in shares of Samsara in the 4th quarter valued at approximately $13,464,000. Bank of New York Mellon Corp grew its position in Samsara by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 782,661 shares of the company’s stock worth $29,999,000 after acquiring an additional 32,253 shares during the period. Envestnet Asset Management Inc. increased its stake in Samsara by 91.3% during the first quarter. Envestnet Asset Management Inc. now owns 92,873 shares of the company’s stock worth $3,560,000 after acquiring an additional 44,324 shares during the last quarter. Xponance Inc. raised its position in Samsara by 17.4% in the first quarter. Xponance Inc. now owns 15,675 shares of the company’s stock valued at $601,000 after purchasing an additional 2,319 shares during the period. Finally, Arizona State Retirement System raised its position in Samsara by 18.5% in the first quarter. Arizona State Retirement System now owns 75,189 shares of the company’s stock valued at $2,882,000 after purchasing an additional 11,739 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Sanjit Biswas sold 160,000 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $38.36, for a total transaction of $6,137,600.00. Following the completion of the transaction, the insider directly owned 36,000 shares of the company’s stock, valued at approximately $1,380,960. The trade was a 81.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Bicket sold 170,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $38.35, for a total transaction of $6,519,500.00. Following the sale, the insider owned 36,000 shares in the company, valued at $1,380,600. The trade was a 82.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,747,711 shares of company stock worth $141,867,401. 46.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on IOT shares. Zacks Research downgraded Samsara from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Craig Hallum raised shares of Samsara from a “hold” rating to a “buy” rating and increased their target price for the stock from $42.00 to $48.00 in a research note on Friday, September 5th. BMO Capital Markets reduced their price target on shares of Samsara from $54.00 to $47.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Samsara in a report on Wednesday, October 8th. Finally, Piper Sandler lifted their target price on shares of Samsara from $47.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $49.55.

Samsara Stock Up 2.7%

NYSE:IOT opened at $39.87 on Tuesday. The company has a fifty day simple moving average of $38.67 and a two-hundred day simple moving average of $39.43. The company has a market cap of $22.87 billion, a price-to-earnings ratio of -249.19 and a beta of 1.61. Samsara Inc. has a 52 week low of $31.40 and a 52 week high of $61.90.

Samsara (NYSE:IOT) last announced its quarterly earnings data 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. 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 analysts’ expectations of $372.22 million. During the same period last year, the firm earned $0.05 earnings per share. The company’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, analysts expect that Samsara Inc. will post -0.3 EPS for the current year.

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.