Spyglass Capital Management LLC Invests $81.96 Million in Samsara Inc. $IOT

Spyglass Capital Management LLC acquired a new position in Samsara Inc. (NYSE:IOT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,200,165 shares of the company’s stock, valued at approximately $81,956,000. Samsara makes up about 4.4% of Spyglass Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Spyglass Capital Management LLC owned 0.38% of Samsara as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its holdings in shares of Samsara by 6,078.6% in the 3rd quarter. Versant Capital Management Inc now owns 865 shares of the company’s stock valued at $32,000 after acquiring an additional 851 shares in the last quarter. Optiver Holding B.V. raised its holdings in Samsara by 953.2% during the third quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock worth $44,000 after acquiring an additional 1,058 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Samsara by 906.9% in the 2nd quarter. Allworth Financial LP now owns 1,168 shares of the company’s stock valued at $46,000 after buying an additional 1,052 shares during the last quarter. Penserra Capital Management LLC lifted its stake in Samsara by 3,202.1% in the second quarter. Penserra Capital Management LLC now owns 1,585 shares of the company’s stock valued at $62,000 after acquiring an additional 1,537 shares during the last quarter. Finally, Family Legacy Financial Solutions LLC grew its holdings in Samsara by 100.0% during the third quarter. Family Legacy Financial Solutions LLC now owns 2,000 shares of the company’s stock worth $74,000 after purchasing an additional 1,000 shares during the period. 96.02% of the stock is owned by institutional investors.

Samsara Price Performance

IOT stock opened at $31.70 on Friday. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $48.40. The stock has a market capitalization of $18.29 billion, a price-to-earnings ratio of -1,583.96 and a beta of 1.60. The business’s fifty day moving average price is $30.08 and its two-hundred day moving average price is $35.50.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $444.30 million during the quarter, compared to analysts’ expectations of $422.29 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. 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 expect that Samsara Inc. will post -0.3 EPS for the current year.

Insider Buying and Selling

In other Samsara news, insider John Bicket sold 263,900 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $34.40, for a total transaction of $9,078,160.00. Following the transaction, the insider owned 89,400 shares in the company, valued at $3,075,360. This trade represents a 74.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sanjit Biswas sold 263,900 shares of Samsara 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 transaction, the insider directly owned 89,400 shares of the company’s stock, valued at $3,075,360. This represents a 74.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 2,903,585 shares of company stock worth $91,712,463. Company insiders own 46.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised their price target on Samsara from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Evercore reiterated an “outperform” rating on shares of Samsara in a report on Friday, March 6th. The Goldman Sachs Group set a $45.00 target price on shares of Samsara in a research note on Monday, March 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $39.00 target price (up from $37.00) on shares of Samsara in a report on Friday, March 6th. Finally, Royal Bank Of Canada upped their price target on shares of Samsara from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Samsara presently has a consensus 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.