Samsara Inc. $IOT Stock Position Boosted by Spyglass Capital Management LLC

Spyglass Capital Management LLC boosted its holdings in Samsara Inc. (NYSE:IOT) by 4.7% during the second quarter, Holdings Channel reports. The institutional investor owned 3,085,655 shares of the company’s stock after buying an additional 139,009 shares during the period. Samsara makes up 5.4% of Spyglass Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Spyglass Capital Management LLC’s holdings in Samsara were worth $100,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IOT. Acumen Wealth Advisors LLC acquired a new position in shares of Samsara during the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Samsara by 312.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock worth $31,000 after acquiring an additional 669 shares during the last quarter. AlphaCentric Advisors LLC purchased a new stake in Samsara in the fourth quarter valued at approximately $36,000. IFP Advisors Inc grew its holdings in Samsara by 194.4% in the third quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock valued at $47,000 after purchasing an additional 828 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Samsara during the fourth quarter worth approximately $52,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insiders Place Their Bets

In other news, insider John Bicket sold 245,925 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $36.77, for a total value of $9,042,662.25. Following the completion of the sale, the insider owned 94,000 shares of the company’s stock, valued at approximately $3,456,380. The trade was a 72.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $19,802,808.20. Following the completion of the sale, the director owned 2,256,487 shares in the company, valued at approximately $72,816,835.49. This trade represents a 21.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,478,170 shares of company stock valued at $159,242,120 in the last ninety days. Corporate insiders own 35.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on IOT shares. TD Cowen increased their target price on Samsara from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Royal Bank Of Canada raised their price objective on Samsara from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. KeyCorp increased their target price on shares of Samsara from $41.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, August 24th. BTIG Research restated a “buy” rating and issued a $45.00 price target on shares of Samsara in a report on Friday, June 26th. Finally, Piper Sandler cut shares of Samsara from an “overweight” rating to a “neutral” rating and set a $40.00 price target on the stock. in a research report on Sunday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.67.

Samsara Trading Down 0.5%

IOT stock opened at $40.97 on Tuesday. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47. The company has a market capitalization of $23.87 billion, a P/E ratio of 409.74, a PEG ratio of 9.24 and a beta of 1.34. The firm has a 50 day simple moving average of $37.13 and a 200-day simple moving average of $32.94.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $478.84 million during the quarter, compared to analyst estimates 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 firm earned $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, research analysts predict that Samsara Inc. will post 0.15 EPS for the current year.

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.