Sands Capital Management LLC Purchases 1,242,122 Shares of Samsara Inc. $IOT

Sands Capital Management LLC raised its position in shares of Samsara Inc. (NYSE:IOT) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,518,332 shares of the company’s stock after buying an additional 1,242,122 shares during the quarter. Samsara comprises approximately 2.1% of Sands Capital Management LLC’s portfolio, making the stock its 20th biggest position. Sands Capital Management LLC’s holdings in Samsara were worth $764,308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Samsara by 6.9% during the 3rd quarter. Vanguard Group Inc. now owns 29,716,700 shares of the company’s stock valued at $1,106,947,000 after acquiring an additional 1,913,474 shares during the period. State Street Corp increased its stake in shares of Samsara by 107.8% during the second quarter. State Street Corp now owns 5,611,956 shares of the company’s stock valued at $223,244,000 after purchasing an additional 2,910,916 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 1,931,870 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Samsara by 74.8% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,964,300 shares of the company’s stock worth $157,700,000 after purchasing an additional 1,696,341 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in shares of Samsara by 7.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,801,787 shares of the company’s stock worth $141,617,000 after purchasing an additional 252,681 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Samsara

In related news, insider John Bicket sold 263,900 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $34.40, for a total transaction of $9,078,160.00. Following the sale, the insider directly owned 89,400 shares of the company’s stock, valued at $3,075,360. This trade represents a 74.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sanjit Biswas sold 263,900 shares of Samsara stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $34.40, for a total value of $9,078,160.00. Following the completion of the sale, the insider owned 89,400 shares of the company’s stock, valued at $3,075,360. The trade was a 74.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,903,585 shares of company stock valued at $91,712,463 in the last 90 days. Company insiders own 46.49% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on IOT. BNP Paribas Exane raised Samsara from a “neutral” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Thursday, January 15th. UBS Group reissued a “buy” rating and issued a $48.00 target price on shares of Samsara in a report on Friday. BMO Capital Markets increased their target price on Samsara from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Truist Financial reduced their price target on Samsara from $39.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday, February 17th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $39.00 price target (up from $37.00) on shares of Samsara in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Samsara currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.18.

Samsara Stock Down 3.9%

NYSE:IOT opened at $32.84 on Wednesday. The stock has a market cap of $18.95 billion, a price-to-earnings ratio of -1,641.03 and a beta of 1.60. The company’s 50 day moving average price is $30.26 and its 200-day moving average price is $35.57. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $48.40.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The company had revenue of $444.30 million during the quarter, compared to analyst estimates of $422.29 million. Samsara had a negative net margin of 0.56% and a negative return on equity of 0.75%. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. As a group, sell-side analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current year.

Samsara Company 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.