SG Americas Securities LLC Sells 75,933 Shares of Samsara Inc. $IOT

SG Americas Securities LLC cut its stake in shares of Samsara Inc. (NYSE:IOT) by 39.8% during the first quarter, HoldingsChannel.com reports. The fund owned 114,645 shares of the company’s stock after selling 75,933 shares during the quarter. SG Americas Securities LLC’s holdings in Samsara were worth $3,633,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acumen Wealth Advisors LLC purchased a new stake in shares of Samsara in the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd increased its holdings in Samsara by 312.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock worth $31,000 after purchasing an additional 669 shares during the period. AlphaCentric Advisors LLC purchased a new position in Samsara during the 4th quarter worth $36,000. IFP Advisors Inc increased its holdings in Samsara by 194.4% during the 3rd quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock worth $47,000 after purchasing an additional 828 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in Samsara during the 4th quarter valued at $52,000. Institutional investors own 96.02% of the company’s stock.

Samsara Stock Up 2.9%

Shares of NYSE:IOT opened at $32.03 on Tuesday. The firm has a 50 day moving average of $31.40 and a 200 day moving average of $31.68. The company has a market capitalization of $18.67 billion, a price-to-earnings ratio of 320.36, a price-to-earnings-growth ratio of 7.30 and a beta of 1.34. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The business had revenue of $478.84 million for the quarter, compared to analysts’ expectations of $455.21 million. During the same quarter last year, the firm earned $0.11 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts expect that Samsara Inc. will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on IOT shares. Piper Sandler reiterated an “overweight” rating and issued a $40.00 target price (up from $39.00) on shares of Samsara in a report on Friday, June 5th. TD Cowen restated a “buy” rating and set a $45.00 price target on shares of Samsara in a research note on Thursday, June 25th. Royal Bank Of Canada lifted their price objective on Samsara from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Wolfe Research reaffirmed an “outperform” rating on shares of Samsara in a research note on Thursday, June 11th. Finally, Weiss Ratings upgraded shares of Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.94.

Insider Activity

In other Samsara news, CAO Benjamin Louis Kirchhoff sold 2,549 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $33.74, for a total value of $86,003.26. Following the completion of the transaction, the chief accounting officer directly owned 167,269 shares in the company, valued at approximately $5,643,656.06. The trade was a 1.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Marc L. Andreessen sold 613,660 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $32.27, for a total transaction of $19,802,808.20. Following the completion of the transaction, the director 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 SEC filing for this sale provides additional information. Insiders sold a total of 4,710,515 shares of company stock worth $147,188,554 over the last ninety days. 35.13% of the stock is currently owned by corporate insiders.

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.