Samsara Inc. $IOT Shares Acquired by Spyglass Capital Management LLC

Spyglass Capital Management LLC grew its holdings in Samsara Inc. (NYSE:IOT) by 4.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,085,655 shares of the company’s stock after acquiring an additional 139,009 shares during the quarter. Samsara comprises 5.4% of Spyglass Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Spyglass Capital Management LLC owned about 0.53% of Samsara worth $100,068,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. USS Investment Management Ltd purchased a new position in shares of Samsara in the 1st quarter valued at $28,232,000. Allen Operations LLC lifted its position in Samsara by 83.3% in the fourth quarter. Allen Operations LLC now owns 66,020 shares of the company’s stock valued at $2,340,000 after acquiring an additional 30,000 shares during the last quarter. Geode Capital Management LLC lifted its position in Samsara by 17.8% in the fourth quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company’s stock valued at $219,035,000 after acquiring an additional 935,855 shares during the last quarter. Jordan Park Trust Co LLC boosted its stake in Samsara by 54.1% in the fourth quarter. Jordan Park Trust Co LLC now owns 3,833,929 shares of the company’s stock valued at $135,913,000 after acquiring an additional 1,346,628 shares in the last quarter. Finally, Brighton Jones LLC acquired a new position in Samsara in the fourth quarter valued at $13,464,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insiders Place Their Bets

In related news, insider John Bicket sold 34,557 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $39.44, for a total transaction of $1,362,928.08. Following the transaction, the insider owned 1,134,795 shares of the company’s stock, valued at approximately $44,756,314.80. This represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Eltoukhy sold 6,876 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $39.82, for a total transaction of $273,802.32. Following the sale, the insider owned 425,080 shares in the company, valued at approximately $16,926,685.60. This trade represents a 1.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,478,170 shares of company stock valued at $159,242,120 in the last ninety days. Insiders own 35.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IOT. Morgan Stanley set a $43.00 target price on Samsara in a research report on Tuesday, July 21st. Guggenheim started coverage on Samsara in a research report on Wednesday, July 22nd. They set a “buy” rating and a $45.00 price objective for the company. Royal Bank Of Canada lifted their target price on shares of Samsara from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Wells Fargo & Company increased their price objective on Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Finally, KeyCorp increased their target price on shares of Samsara from $41.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.67.

Samsara Stock Down 0.5%

NYSE IOT opened at $40.97 on Tuesday. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47. The business has a fifty day moving average of $37.13 and a 200-day moving average of $32.94. The stock has a market cap of $23.87 billion, a price-to-earnings ratio of 409.74, a price-to-earnings-growth ratio of 9.24 and a beta of 1.34.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.17 EPS for the quarter, beating 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 business had revenue of $478.84 million for the quarter, compared to analyst estimates of $455.21 million. During the same quarter last year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. 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, analysts anticipate that Samsara Inc. will post 0.15 EPS for the current year.

Samsara 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.