Sands Capital Management LLC Purchases 2,833,049 Shares of Samsara Inc. $IOT

Sands Capital Management LLC grew its position in Samsara Inc. (NYSE:IOT) by 17.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,276,210 shares of the company’s stock after buying an additional 2,833,049 shares during the quarter. Samsara accounts for 2.2% of Sands Capital Management LLC’s holdings, making the stock its 18th largest holding. Sands Capital Management LLC owned about 3.39% of Samsara worth $766,808,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Craig Hallum upgraded shares of Samsara from a “hold” rating to a “buy” rating and upped their price target for the company from $42.00 to $48.00 in a research note 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Samsara in a report on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on Samsara from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Finally, Truist Financial upped their target price on Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, September 5th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.55.

Samsara Trading Up 1.8%

NYSE:IOT opened at $37.96 on Wednesday. The company has a market cap of $21.77 billion, a P/E ratio of -237.22 and a beta of 1.61. Samsara Inc. has a twelve month low of $31.40 and a twelve month high of $61.90. The company’s 50-day moving average price is $38.22 and its 200-day moving average price is $38.82.

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. The business had revenue of $391.48 million for the quarter, compared to analysts’ expectations of $372.22 million. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS and its Q3 2026 guidance at 0.110-0.12 EPS. On average, analysts expect that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other Samsara news, insider Sanjit Biswas sold 36,664 shares of Samsara stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $36.13, for a total transaction of $1,324,670.32. Following the transaction, the insider directly owned 171,952 shares of the company’s stock, valued at $6,212,625.76. The trade was a 17.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Bicket sold 46,559 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $36.11, for a total transaction of $1,681,245.49. Following the completion of the sale, the insider directly owned 355,173 shares of the company’s stock, valued at approximately $12,825,297.03. This trade represents a 11.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,417,900 shares of company stock valued at $131,283,922 in the last quarter. Corporate insiders own 46.49% of the company’s stock.

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.