Samsara Inc. $IOT Shares Bought by First Trust Advisors LP

First Trust Advisors LP grew its stake in shares of Samsara Inc. (NYSE:IOT) by 78.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 951,085 shares of the company’s stock after purchasing an additional 419,164 shares during the quarter. First Trust Advisors LP owned approximately 0.17% of Samsara worth $35,428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Samsara by 6.9% in the 3rd quarter. Vanguard Group Inc. now owns 29,716,700 shares of the company’s stock worth $1,106,947,000 after purchasing an additional 1,913,474 shares during the last quarter. Sands Capital Management LLC increased its position in Samsara by 17.2% in the second quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company’s stock worth $766,808,000 after buying an additional 2,833,049 shares during the period. State Street Corp increased its position in Samsara by 107.8% in the second quarter. State Street Corp now owns 5,611,956 shares of the company’s stock worth $223,244,000 after buying an additional 2,910,916 shares during the period. Geode Capital Management LLC lifted its stake in Samsara by 65.6% in the second quarter. Geode Capital Management LLC now owns 4,877,254 shares of the company’s stock valued at $193,387,000 after buying an additional 1,931,870 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Samsara by 74.8% during the second quarter. Artisan Partners Limited Partnership now owns 3,964,300 shares of the company’s stock valued at $157,700,000 after acquiring an additional 1,696,341 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Sanjit Biswas sold 263,900 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $34.40, for a total value of $9,078,160.00. Following the sale, the insider owned 89,400 shares of the company’s stock, valued at approximately $3,075,360. The trade was a 74.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Bicket sold 263,900 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $34.40, for a total value of $9,078,160.00. Following the completion of the sale, the insider owned 89,400 shares of the company’s stock, valued at approximately $3,075,360. This trade represents a 74.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,903,585 shares of company stock valued at $91,712,463. 46.49% of the stock is currently owned by corporate insiders.

Samsara Trading Down 0.7%

IOT stock opened at $31.87 on Friday. The firm’s 50-day moving average is $30.12 and its two-hundred day moving average is $35.52. The company has a market capitalization of $18.39 billion, a price-to-earnings ratio of -1,592.60 and a beta of 1.60. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $48.40.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Samsara had a negative net margin of 0.56% and a negative return on equity of 0.75%. The business had revenue of $444.30 million during the quarter, compared to analysts’ expectations of $422.29 million. During the same period last year, the firm posted $0.11 earnings per share. The business’s revenue was up 28.3% on a year-over-year basis. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. On average, equities research analysts predict that Samsara Inc. will post -0.3 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on IOT. Royal Bank Of Canada upped their price target on shares of Samsara from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. BTIG Research reduced their target price on shares of Samsara from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, March 6th. BMO Capital Markets upped their target price on shares of Samsara from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. TD Cowen restated a “buy” rating on shares of Samsara in a research note on Monday, March 2nd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $39.00 price target (up from $37.00) on shares of Samsara in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.18.

Samsara Company Profile

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.