GC Wealth Management RIA LLC Decreases Stock Position in Samsara Inc. $IOT

GC Wealth Management RIA LLC lowered its stake in shares of Samsara Inc. (NYSE:IOT) by 26.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 799,203 shares of the company’s stock after selling 292,673 shares during the quarter. Samsara makes up approximately 1.0% of GC Wealth Management RIA LLC’s portfolio, making the stock its 17th largest holding. GC Wealth Management RIA LLC’s holdings in Samsara were worth $25,327,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its stake in shares of Samsara by 2.0% in the 3rd quarter. Lazard Asset Management LLC now owns 13,971 shares of the company’s stock worth $520,000 after buying an additional 279 shares during the last quarter. Cim LLC increased its position in Samsara by 1.0% during the third quarter. Cim LLC now owns 32,700 shares of the company’s stock valued at $1,218,000 after acquiring an additional 326 shares during the last quarter. Empowered Funds LLC boosted its position in Samsara by 3.4% in the first quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after purchasing an additional 335 shares during the last quarter. IFG Advisory LLC boosted its position in Samsara by 0.8% in the fourth quarter. IFG Advisory LLC now owns 44,814 shares of the company’s stock worth $1,589,000 after purchasing an additional 372 shares during the last quarter. Finally, Summit Financial LLC grew its stake in shares of Samsara by 1.4% during the 4th quarter. Summit Financial LLC now owns 29,487 shares of the company’s stock valued at $1,045,000 after purchasing an additional 419 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Marc L. Andreessen sold 613,660 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $32.27, for a total value of $19,802,808.20. Following the completion of the sale, the director directly owned 2,256,487 shares of the company’s stock, valued at $72,816,835.49. This represents a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjit Biswas sold 244,805 shares of Samsara stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $36.77, for a total value of $9,001,479.85. Following the completion of the transaction, the chief executive officer owned 94,000 shares in the company, valued at $3,456,380. This trade represents a 72.26% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,464,637 shares of company stock valued at $144,511,167 over the last quarter. 35.13% of the stock is owned by corporate insiders.

Samsara Stock Down 5.2%

Shares of NYSE:IOT opened at $31.58 on Friday. The firm has a fifty day simple moving average of $33.71 and a two-hundred day simple moving average of $31.42. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The stock has a market capitalization of $18.40 billion, a P/E ratio of 315.84, a PEG ratio of 7.81 and a beta of 1.35.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $478.84 million for the quarter, compared to analysts’ expectations of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The business’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, analysts expect that Samsara Inc. will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IOT. KeyCorp reissued an “overweight” rating on shares of Samsara in a research report on Friday, June 26th. Wolfe Research reaffirmed an “outperform” rating on shares of Samsara in a research report on Thursday, June 11th. Wells Fargo & Company boosted their price objective on Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Zacks Research cut shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Morgan Stanley set a $43.00 price target on shares of Samsara in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.33.

Samsara 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.