Bamco Inc. NY Boosts Stock Position in Samsara Inc. $IOT

Bamco Inc. NY lifted its stake in Samsara Inc. (NYSE:IOT) by 148.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,731,429 shares of the company’s stock after acquiring an additional 1,632,626 shares during the period. Bamco Inc. NY owned approximately 0.48% of Samsara worth $108,656,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Catalyst Capital Advisors LLC purchased a new stake in Samsara during the 2nd quarter worth about $28,000. AlphaQuest LLC lifted its holdings in shares of Samsara by 519.6% in the first quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock worth $40,000 after buying an additional 873 shares in the last quarter. Family Legacy Financial Solutions LLC purchased a new position in Samsara during the second quarter valued at approximately $40,000. Whipplewood Advisors LLC grew its stake in Samsara by 349.8% during the second quarter. Whipplewood Advisors LLC now owns 1,093 shares of the company’s stock valued at $43,000 after acquiring an additional 850 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Samsara by 906.9% during the 2nd quarter. Allworth Financial LP now owns 1,168 shares of the company’s stock worth $46,000 after acquiring an additional 1,052 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on IOT. Cowen reissued a “buy” rating on shares of Samsara in a report on Friday, December 5th. KeyCorp initiated coverage on Samsara in a research report on Tuesday. They issued an “overweight” rating and a $55.00 price objective on the stock. Piper Sandler lifted their price objective on Samsara from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. JPMorgan Chase & Co. upped their target price on Samsara from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Finally, Truist Financial raised their price target on Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a report on Friday, September 5th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.29.

Insider Buying and Selling at Samsara

In other news, insider John Bicket sold 170,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 36,000 shares of the company’s stock, valued at approximately $1,380,600. This trade represents a 82.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sanjit Biswas sold 160,000 shares of Samsara stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $38.36, for a total value of $6,137,600.00. Following the completion of the transaction, the insider owned 36,000 shares in the company, valued at approximately $1,380,960. This represents a 81.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,161,144 shares of company stock worth $82,822,391. 46.49% of the stock is owned by insiders.

Samsara Trading Down 5.6%

Shares of NYSE IOT opened at $41.38 on Friday. The stock’s 50-day moving average is $38.99 and its 200 day moving average is $38.73. The stock has a market cap of $23.74 billion, a price-to-earnings ratio of -517.25 and a beta of 1.61. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.11). The firm had revenue of $415.98 million during the quarter, compared to analysts’ expectations of $398.92 million. Samsara had a negative return on equity of 3.49% and a negative net margin of 2.79%.The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 EPS. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. On average, analysts forecast that Samsara Inc. will post -0.3 EPS for the current fiscal 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.