Exchange Traded Concepts LLC Buys 42,470 Shares of Samsara Inc. $IOT

Exchange Traded Concepts LLC increased its stake in shares of Samsara Inc. (NYSE:IOT) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 553,866 shares of the company’s stock after purchasing an additional 42,470 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.10% of Samsara worth $19,635,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Samsara by 6.9% during the third quarter. Vanguard Group Inc. now owns 29,716,700 shares of the company’s stock valued at $1,106,947,000 after buying an additional 1,913,474 shares during the last quarter. Sands Capital Management LLC grew its position in shares of Samsara by 6.4% in the 3rd quarter. Sands Capital Management LLC now owns 20,518,332 shares of the company’s stock worth $764,308,000 after buying an additional 1,242,122 shares during the last quarter. State Street Corp raised its stake in shares of Samsara by 107.8% during the 2nd quarter. State Street Corp now owns 5,611,956 shares of the company’s stock worth $223,244,000 after acquiring an additional 2,910,916 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in shares of Samsara by 7.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,801,787 shares of the company’s stock worth $141,617,000 after acquiring an additional 252,681 shares in the last quarter. Finally, Norges Bank purchased a new stake in Samsara during the second quarter valued at approximately $134,950,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Transactions at Samsara

In related news, insider Adam Eltoukhy sold 5,473 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $33.31, for a total transaction of $182,305.63. Following the completion of the transaction, the insider owned 190,649 shares of the company’s stock, valued at $6,350,518.19. This trade represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Benjamin Louis Kirchhoff sold 1,731 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $26.64, for a total transaction of $46,113.84. Following the transaction, the chief accounting officer owned 121,913 shares of the company’s stock, valued at $3,247,762.32. This represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,497,302 shares of company stock valued at $75,934,200. 46.49% of the stock is owned by corporate insiders.

Samsara Stock Down 6.6%

Samsara stock opened at $29.78 on Friday. The stock has a 50-day moving average price of $29.72 and a 200 day moving average price of $35.18. The company has a market capitalization of $17.29 billion, a price-to-earnings ratio of -1,488.01, a price-to-earnings-growth ratio of 10.91 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 issued its quarterly earnings results on Thursday, March 5th. The company reported $0.18 earnings per share for the quarter, topping 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 0.72%. The company had revenue of $444.30 million for the quarter, compared to the consensus estimate of $422.29 million. During the same quarter in the prior year, the company earned $0.11 EPS. Samsara’s quarterly 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. Research analysts anticipate that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on IOT shares. BNP Paribas Exane raised shares of Samsara from a “neutral” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Thursday, January 15th. Royal Bank Of Canada increased their price objective on Samsara from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, March 6th. BTIG Research lowered their price objective on Samsara from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Piper Sandler restated an “overweight” rating and set a $39.00 target price (up from $37.00) on shares of Samsara in a research note on Friday, March 6th. Finally, Bank of America upped their target price on Samsara from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.