Samsara Inc. $IOT Shares Purchased by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP raised its position in Samsara Inc. (NYSE:IOT) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,549,106 shares of the company’s stock after purchasing an additional 25,716 shares during the period. Westfield Capital Management Co. LP’s holdings in Samsara were worth $141,183,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of IOT. Brighton Jones LLC acquired a new position in shares of Samsara in the fourth quarter valued at approximately $13,464,000. Envestnet Asset Management Inc. lifted its position in Samsara by 91.3% during the first quarter. Envestnet Asset Management Inc. now owns 92,873 shares of the company’s stock worth $3,560,000 after buying an additional 44,324 shares during the period. CWM LLC boosted its stake in Samsara by 385.3% in the 1st quarter. CWM LLC now owns 1,053 shares of the company’s stock worth $40,000 after buying an additional 836 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Samsara by 102.9% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,100 shares of the company’s stock valued at $1,959,000 after buying an additional 25,919 shares during the period. Finally, KLP Kapitalforvaltning AS increased its stake in shares of Samsara by 56.6% during the 1st quarter. KLP Kapitalforvaltning AS now owns 96,600 shares of the company’s stock valued at $3,703,000 after acquiring an additional 34,900 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Sanjit Biswas sold 10,937 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $38.38, for a total value of $419,762.06. Following the completion of the sale, the insider owned 298,952 shares in the company, valued at approximately $11,473,777.76. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Eltoukhy sold 4,767 shares of the firm’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $37.16, for a total value of $177,141.72. Following the sale, the insider owned 302,698 shares in the company, valued at approximately $11,248,257.68. The trade was a 1.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,413,133 shares of company stock worth $130,785,414 over the last three months. 46.49% of the stock is currently owned by corporate insiders.

Samsara Stock Up 0.5%

Samsara stock opened at $36.46 on Thursday. The firm has a fifty day moving average of $38.61 and a 200-day moving average of $39.33. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90. The firm has a market capitalization of $20.92 billion, a P/E ratio of -227.89 and a beta of 1.61.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The firm had revenue of $391.48 million during the quarter, compared to analysts’ expectations of $372.22 million. During the same period in the prior year, the company earned $0.05 EPS. The firm’s revenue was up 30.4% on a year-over-year basis. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, research analysts expect that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IOT. Royal Bank Of Canada increased their price objective on shares of Samsara from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Morgan Stanley increased their price target on shares of Samsara from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday, September 8th. Wall Street Zen lowered shares of Samsara from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research cut shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Finally, Truist Financial upped their price objective on Samsara from $35.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, September 5th. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $49.55.

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.