Wellington Management Group LLP Grows Position in Samsara Inc. $IOT

Wellington Management Group LLP increased its holdings in Samsara Inc. (NYSE:IOT) by 9.6% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 9,327,606 shares of the company’s stock after buying an additional 813,922 shares during the quarter. Wellington Management Group LLP’s holdings in Samsara were worth $302,494,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of IOT. Archer Investment Corp bought a new position in Samsara during the 2nd quarter valued at about $296,000. Public Employees Retirement System of Ohio bought a new stake in shares of Samsara in the second quarter worth approximately $3,177,000. Plato Investment Management Ltd bought a new stake in shares of Samsara in the second quarter worth approximately $637,000. Bank of New York Mellon Corp purchased a new position in shares of Samsara during the second quarter valued at approximately $35,702,000. Finally, Assenagon Asset Management S.A. lifted its position in Samsara by 43.9% during the second quarter. Assenagon Asset Management S.A. now owns 22,987 shares of the company’s stock valued at $745,000 after purchasing an additional 7,015 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Activity

In other news, insider Adam Eltoukhy sold 6,876 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $39.82, for a total value of $273,802.32. Following the completion of the sale, the insider directly owned 425,080 shares in the company, valued at $16,926,685.60. This represents a 1.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 34,557 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $39.44, for a total value of $1,362,928.08. Following the completion of the transaction, the insider directly owned 1,134,795 shares in the company, valued at approximately $44,756,314.80. This represents a 2.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,478,170 shares of company stock valued at $159,242,120 in the last 90 days. Company insiders own 35.13% of the company’s stock.

Samsara Trading Up 0.1%

Shares of NYSE IOT opened at $41.21 on Monday. The firm has a 50 day moving average of $36.93 and a 200 day moving average of $32.85. The firm has a market capitalization of $24.01 billion, a price-to-earnings ratio of 412.14, a price-to-earnings-growth ratio of 9.24 and a beta of 1.34. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $47.47.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IOT shares. Truist Financial raised their target price on shares of Samsara from $30.00 to $38.00 and gave the stock a “hold” rating in a report on Wednesday, August 19th. Zacks Research lowered shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Wolfe Research reissued an “outperform” rating on shares of Samsara in a report on Thursday, June 11th. Royal Bank Of Canada raised their price target on Samsara from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Guggenheim began coverage on Samsara in a research report on Wednesday, July 22nd. They set a “buy” rating and a $45.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.67.

About Samsara

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.