Evolutionary Tree Capital Management LLC Makes New Investment in Samsara Inc. $IOT

Evolutionary Tree Capital Management LLC acquired a new position in Samsara Inc. (NYSE:IOT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 42,298 shares of the company’s stock, valued at approximately $1,340,000. Samsara makes up approximately 2.5% of Evolutionary Tree Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IOT. Bank of America Corp DE grew its position in shares of Samsara by 41.5% in the 1st quarter. Bank of America Corp DE now owns 2,710,202 shares of the company’s stock worth $85,886,000 after buying an additional 794,255 shares during the period. Cim LLC lifted its position in Samsara by 1.3% in the 1st quarter. Cim LLC now owns 34,505 shares of the company’s stock valued at $1,093,000 after acquiring an additional 455 shares in the last quarter. Spyglass Capital Management LLC lifted its holdings in shares of Samsara by 25.5% during the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after purchasing an additional 599,651 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Samsara by 36.5% during the 1st quarter. Sunbelt Securities Inc. now owns 11,400 shares of the company’s stock valued at $361,000 after acquiring an additional 3,050 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Samsara by 2.2% in the first quarter. Royal Bank of Canada now owns 1,256,067 shares of the company’s stock worth $39,805,000 after purchasing an additional 27,235 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insiders Place Their Bets

In other Samsara news, Director Marc L. Andreessen sold 613,660 shares of the 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 sale, the director directly owned 2,256,487 shares of the company’s stock, valued at approximately $72,816,835.49. This trade represents a 21.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Bicket sold 245,925 shares of Samsara stock in a transaction that occurred on 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 transaction, the insider owned 94,000 shares of the company’s stock, valued at approximately $3,456,380. This represents a 72.35% 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. In the last ninety days, insiders sold 4,449,703 shares of company stock valued at $147,811,957. 35.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

IOT has been the topic of a number of research reports. Morgan Stanley set a $43.00 price objective on shares of Samsara in a report on Tuesday, July 21st. KeyCorp reissued an “overweight” rating on shares of Samsara in a research note on Friday, June 26th. Zacks Research cut shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. TD Cowen reiterated a “buy” rating and set a $45.00 target price on shares of Samsara in a research report on Thursday, June 25th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $40.00 price target (up from $39.00) on shares of Samsara in a research report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.33.

Samsara Stock Performance

IOT stock opened at $37.48 on Friday. The firm has a market cap of $21.84 billion, a price-to-earnings ratio of 374.79, a PEG ratio of 8.04 and a beta of 1.35. The firm has a 50-day simple moving average of $34.42 and a two-hundred day simple moving average of $31.52. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The firm had revenue of $478.84 million during 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 quarterly 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. As a group, equities analysts predict that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.

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.