Thornburg Investment Management Inc. Makes New Investment in Samsara Inc. $IOT

Thornburg Investment Management Inc. bought a new position in shares of Samsara Inc. (NYSE:IOT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 77,406 shares of the company’s stock, valued at approximately $3,079,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Samsara by 18.3% during the 2nd quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company’s stock valued at $1,106,012,000 after buying an additional 4,307,755 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Samsara by 65.6% during the second quarter. Geode Capital Management LLC now owns 4,877,254 shares of the company’s stock valued at $193,387,000 after acquiring an additional 1,931,870 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Samsara by 74.8% in the second quarter. Artisan Partners Limited Partnership now owns 3,964,300 shares of the company’s stock valued at $157,700,000 after purchasing an additional 1,696,341 shares during the period. American Century Companies Inc. purchased a new stake in shares of Samsara in the 2nd quarter worth $62,534,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Samsara by 58.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,823,484 shares of the company’s stock valued at $108,224,000 after acquiring an additional 1,047,068 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Samsara Trading Down 0.2%

NYSE:IOT opened at $37.36 on Thursday. The company has a market capitalization of $21.43 billion, a P/E ratio of -233.53 and a beta of 1.61. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90. The firm has a fifty day simple moving average of $38.37 and a 200-day simple moving average of $39.13.

Samsara (NYSE:IOT) last issued its 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 company had revenue of $391.48 million during the quarter, compared to analyst estimates of $372.22 million. During the same quarter last year, the business posted $0.05 EPS. The firm’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. Equities analysts forecast that Samsara Inc. will post -0.3 EPS for the current year.

Insider Buying and Selling at Samsara

In other Samsara news, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total value of $30,582,910.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of Samsara 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,747,900 shares of company stock valued at $142,971,728. 46.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IOT shares. Morgan Stanley increased their price objective on shares of Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, September 8th. Piper Sandler reaffirmed an “overweight” rating and set a $48.00 target price on shares of Samsara in a research report on Friday, November 14th. Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. BMO Capital Markets lowered their price target on shares of Samsara from $54.00 to $47.00 and set an “outperform” rating on the stock in a report on Friday, September 5th. Finally, Craig Hallum upgraded shares of Samsara from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $48.00 in a research note on Friday, September 5th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to 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.