Vestmark Advisory Solutions Inc. Sells 5,984 Shares of Samsara Inc. $IOT

Vestmark Advisory Solutions Inc. reduced its holdings in shares of Samsara Inc. (NYSE:IOT) by 26.2% in the second quarter, Holdings Channel.com reports. The fund owned 16,820 shares of the company’s stock after selling 5,984 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Samsara were worth $669,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Andra AP fonden grew its stake in Samsara by 297.2% in the 2nd quarter. Andra AP fonden now owns 73,400 shares of the company’s stock worth $2,920,000 after acquiring an additional 54,919 shares in the last quarter. Resona Asset Management Co. Ltd. raised its position in shares of Samsara by 6.3% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 82,532 shares of the company’s stock worth $3,281,000 after acquiring an additional 4,900 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Samsara by 52.8% in the second quarter. Bank of New York Mellon Corp now owns 1,196,209 shares of the company’s stock worth $47,585,000 after purchasing an additional 413,548 shares in the last quarter. Corton Capital Inc. purchased a new stake in Samsara during the second quarter valued at approximately $208,000. Finally, Bank of Montreal Can lifted its holdings in shares of Samsara by 552.1% during the 2nd quarter. Bank of Montreal Can now owns 106,239 shares of the company’s stock valued at $4,226,000 after purchasing an additional 89,946 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IOT. Wall Street Zen lowered Samsara from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research cut shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Truist Financial increased their target price on shares of Samsara from $35.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Samsara in a report on Wednesday, October 8th. Finally, Morgan Stanley increased their target price on Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, September 8th. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $49.55.

Insiders Place Their Bets

In related news, insider Sanjit Biswas sold 160,000 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $38.36, for a total transaction of $6,137,600.00. Following the completion of the sale, the insider directly owned 36,000 shares of the company’s stock, valued at approximately $1,380,960. This trade represents a 81.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $30,582,910.05. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,747,711 shares of company stock worth $141,867,401. Company insiders own 46.49% of the company’s stock.

Samsara Stock Up 0.2%

Shares of NYSE:IOT opened at $39.92 on Wednesday. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90. The stock has a market cap of $22.90 billion, a P/E ratio of -249.50 and a beta of 1.61. The business has a fifty day moving average of $38.75 and a two-hundred day moving average of $39.43.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. The firm had revenue of $391.48 million during the quarter, compared to analysts’ expectations of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. Samsara’s revenue was up 30.4% compared to the same quarter last year. During the same period last year, the business earned $0.05 earnings per share. 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 analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current year.

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.