Envestnet Asset Management Inc. Sells 20,701 Shares of Samsara Inc. $IOT

Envestnet Asset Management Inc. lessened its holdings in Samsara Inc. (NYSE:IOT) by 22.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,172 shares of the company’s stock after selling 20,701 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Samsara were worth $2,871,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Keystone Financial Group Inc. grew its holdings in shares of Samsara by 300.0% in the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company’s stock worth $25,000 after purchasing an additional 450 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Samsara in the 2nd quarter valued at about $28,000. Family Legacy Financial Solutions LLC bought a new position in Samsara in the 2nd quarter worth about $40,000. AlphaQuest LLC grew its stake in Samsara by 519.6% in the 1st quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock worth $40,000 after acquiring an additional 873 shares in the last quarter. Finally, CWM LLC increased its position in shares of Samsara by 385.3% during the first quarter. CWM LLC now owns 1,053 shares of the company’s stock worth $40,000 after acquiring an additional 836 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Samsara Stock Down 2.3%

NYSE IOT opened at $37.84 on Friday. Samsara Inc. has a 52 week low of $31.40 and a 52 week high of $61.90. The company has a 50 day moving average price of $38.80 and a 200 day moving average price of $39.41. The firm has a market cap of $21.71 billion, a PE ratio of -236.49 and a beta of 1.61.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The business had revenue of $391.48 million for the quarter, compared to the consensus estimate of $372.22 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The business’s quarterly 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, equities research analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Activity at Samsara

In other news, insider John Bicket sold 170,000 shares of the business’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 sale, the insider directly owned 36,000 shares of the company’s stock, valued at $1,380,600. The trade was a 82.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total value of $30,582,910.05. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,747,711 shares of company stock worth $141,867,401. Corporate insiders own 46.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen downgraded Samsara from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Piper Sandler reissued an “overweight” rating and set a $48.00 price target on shares of Samsara in a research report on Friday. Royal Bank Of Canada raised their price target on Samsara from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Zacks Research lowered shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Finally, Craig Hallum upgraded shares of Samsara from a “hold” rating to a “buy” rating and increased their target price for the stock from $42.00 to $48.00 in a report on Friday, September 5th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.