Alberta Investment Management Corp Sells 297,766 Shares of Samsara Inc. $IOT

Alberta Investment Management Corp cut its stake in shares of Samsara Inc. (NYSE:IOT) by 79.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,600 shares of the company’s stock after selling 297,766 shares during the period. Alberta Investment Management Corp’s holdings in Samsara were worth $3,047,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IOT. Keystone Financial Group Inc. increased its holdings in shares of Samsara by 300.0% in the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company’s stock worth $25,000 after acquiring an additional 450 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Samsara during the 2nd quarter worth approximately $28,000. CWM LLC increased its stake in Samsara by 385.3% during the 1st quarter. CWM LLC now owns 1,053 shares of the company’s stock worth $40,000 after purchasing an additional 836 shares in the last quarter. AlphaQuest LLC raised its holdings in Samsara by 519.6% during the 1st quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock worth $40,000 after buying an additional 873 shares during the period. Finally, Family Legacy Financial Solutions LLC acquired a new stake in Samsara during the 2nd quarter worth approximately $40,000. Institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling

In related news, insider John Bicket sold 20,723 shares of Samsara stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $38.52, for a total value of $798,249.96. Following the transaction, the insider directly owned 492,173 shares of the company’s stock, valued at $18,958,503.96. This trade represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sanjit Biswas sold 10,937 shares of Samsara stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $38.38, for a total value of $419,762.06. Following the completion of the transaction, the insider owned 298,952 shares in the company, valued at approximately $11,473,777.76. The trade was a 3.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,747,711 shares of company stock worth $141,867,401. 46.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on IOT shares. Morgan Stanley raised their price objective on shares of Samsara from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday, September 8th. Piper Sandler reiterated an “overweight” rating and set a $48.00 target price on shares of Samsara in a report on Friday. Royal Bank Of Canada boosted their price target on Samsara from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Samsara in a report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.55.

Samsara Trading Down 2.3%

Shares of NYSE IOT opened at $37.84 on Monday. The company has a market capitalization of $21.71 billion, a P/E ratio of -236.49 and a beta of 1.61. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90. The stock has a 50 day moving average of $38.80 and a 200-day moving average of $39.41.

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 firm had revenue of $391.48 million for 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 revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. Analysts predict that Samsara Inc. will post -0.3 EPS for the current fiscal year.

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.