Engineers Gate Manager LP Grows Position in Samsara Inc. $IOT

Engineers Gate Manager LP boosted its stake in Samsara Inc. (NYSE:IOT) by 146.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 457,762 shares of the company’s stock after buying an additional 272,283 shares during the period. Engineers Gate Manager LP owned approximately 0.08% of Samsara worth $18,210,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of IOT. Vident Advisory LLC boosted its holdings in Samsara by 66.2% during the 1st quarter. Vident Advisory LLC now owns 14,282 shares of the company’s stock valued at $547,000 after acquiring an additional 5,691 shares during the period. Citigroup Inc. lifted its position in shares of Samsara by 96.9% during the first quarter. Citigroup Inc. now owns 223,144 shares of the company’s stock worth $8,553,000 after purchasing an additional 109,807 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Samsara by 407.7% in the first quarter. Russell Investments Group Ltd. now owns 271,327 shares of the company’s stock valued at $10,400,000 after purchasing an additional 217,884 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Samsara by 28.9% in the second quarter. JPMorgan Chase & Co. now owns 1,380,514 shares of the company’s stock valued at $54,917,000 after purchasing an additional 309,920 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Samsara by 37.2% during the 1st quarter. Northern Trust Corp now owns 1,082,209 shares of the company’s stock worth $41,481,000 after buying an additional 293,603 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Stock Performance

IOT opened at $41.38 on Friday. Samsara Inc. has a one year low of $31.40 and a one year high of $61.90. The company has a market cap of $23.74 billion, a P/E ratio of -517.25 and a beta of 1.61. The business’s 50-day simple moving average is $38.99 and its 200-day simple moving average is $38.73.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.11). Samsara had a negative net margin of 2.79% and a negative return on equity of 3.49%. The business had revenue of $415.98 million during the quarter, compared to analyst estimates of $398.92 million. During the same period last year, the company earned $0.07 earnings per share. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. As a group, analysts predict that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Sanjit Biswas sold 160,000 shares of Samsara stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $38.36, for a total transaction of $6,137,600.00. Following the sale, the insider directly owned 36,000 shares in the company, valued at $1,380,960. This trade represents a 81.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Bicket sold 170,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $38.35, for a total transaction of $6,519,500.00. Following the completion of the transaction, the insider owned 36,000 shares of the company’s stock, valued at $1,380,600. This represents a 82.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,161,144 shares of company stock worth $82,822,391 over the last ninety days. Insiders own 46.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on IOT. Craig Hallum upgraded shares of Samsara from a “hold” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $48.00 in a research note on Friday, September 5th. KeyCorp started coverage on Samsara in a report on Tuesday. They issued an “overweight” rating and a $55.00 target price for the company. Wells Fargo & Company upped their price target on Samsara from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Morgan Stanley increased their price target on Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, September 8th. Finally, Royal Bank Of Canada boosted their price objective on Samsara from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.29.

Samsara Profile

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.