Charles Schwab Investment Management Inc. Grows Position in Samsara Inc. $IOT

Charles Schwab Investment Management Inc. grew its position in Samsara Inc. (NYSE:IOT) by 15.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,583,149 shares of the company’s stock after acquiring an additional 353,376 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.45% of Samsara worth $102,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gerber Kawasaki Wealth & Investment Management raised its stake in Samsara by 0.5% during the first 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 in the last quarter. Empowered Funds LLC lifted its holdings in shares of 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 last quarter. Advisors Asset Management Inc. grew its position in Samsara by 13.1% in the first quarter. Advisors Asset Management Inc. now owns 3,022 shares of the company’s stock worth $116,000 after acquiring an additional 351 shares in the last quarter. Kieckhefer Group LLC increased its stake in Samsara by 1.2% during the second quarter. Kieckhefer Group LLC now owns 30,870 shares of the company’s stock worth $1,228,000 after acquiring an additional 370 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Samsara by 1.5% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 26,854 shares of the company’s stock valued at $1,068,000 after purchasing an additional 396 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Samsara

In other news, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total transaction of $30,582,910.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sanjit Biswas sold 160,000 shares of Samsara stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $38.36, for a total transaction of $6,137,600.00. Following the transaction, the insider directly owned 36,000 shares in the company, valued at approximately $1,380,960. The trade was a 81.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,747,900 shares of company stock valued at $142,971,728 in the last 90 days. Insiders own 46.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on IOT. BMO Capital Markets dropped their target price on Samsara from $54.00 to $47.00 and set an “outperform” rating for the company in a report on Friday, September 5th. Wall Street Zen lowered shares of Samsara from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Truist Financial boosted their price objective on shares of Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Samsara in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Samsara from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $49.55.

Samsara Stock Up 1.5%

Shares of NYSE:IOT opened at $37.93 on Friday. The business’s 50 day moving average is $38.27 and its 200 day moving average is $39.07. The stock has a market cap of $21.76 billion, a P/E ratio of -237.03 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 issued its earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $372.22 million. During the same period in the prior year, the business earned $0.05 EPS. The business’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 anticipate that Samsara Inc. will post -0.3 EPS for the current fiscal year.

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.