Atreides Management LP Acquires New Holdings in Samsara Inc. $IOT

Atreides Management LP bought a new position in Samsara Inc. (NYSE:IOT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 711,215 shares of the company’s stock, valued at approximately $26,493,000.

A number of other large investors have also recently added to or reduced their stakes in IOT. Vanguard Group Inc. raised its position in shares of Samsara by 18.3% in the second quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company’s stock valued at $1,106,012,000 after purchasing an additional 4,307,755 shares during the period. Norges Bank acquired a new stake in shares of Samsara in the second quarter worth $134,950,000. State Street Corp boosted its holdings in shares of Samsara by 107.8% during the 2nd quarter. State Street Corp now owns 5,611,956 shares of the company’s stock worth $223,244,000 after buying an additional 2,910,916 shares during the period. Sands Capital Management LLC grew its stake in Samsara by 17.2% in the 2nd quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company’s stock valued at $766,808,000 after buying an additional 2,833,049 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Samsara by 363.2% in the 3rd quarter. Wellington Management Group LLP now owns 3,181,099 shares of the company’s stock valued at $118,496,000 after buying an additional 2,494,368 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

IOT has been the subject of a number of research analyst reports. UBS Group reissued a “buy” rating and set a $48.00 target price on shares of Samsara in a research report on Friday, March 6th. Bank of America raised their price target on Samsara from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, December 5th. BNP Paribas Exane upgraded Samsara from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Thursday, January 15th. Wells Fargo & Company boosted their price objective on Samsara from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, March 6th. Finally, Piper Sandler restated an “overweight” rating and set a $39.00 target price (up from $37.00) on shares of Samsara in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $46.18.

Insider Activity

In other Samsara news, insider Sanjit Biswas sold 263,900 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider owned 89,400 shares of the company’s stock, valued at $3,075,360. This represents a 74.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Bicket sold 263,900 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $34.40, for a total value of $9,078,160.00. Following the completion of the transaction, the insider directly owned 89,400 shares of the company’s stock, valued at approximately $3,075,360. This trade represents a 74.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,903,585 shares of company stock worth $91,712,463 over the last 90 days. Corporate insiders own 46.49% of the company’s stock.

Samsara Price Performance

Shares of Samsara stock opened at $31.70 on Friday. The company has a market cap of $18.29 billion, a PE ratio of -1,583.96 and a beta of 1.60. The firm has a fifty day moving average price of $30.08 and a two-hundred day moving average price of $35.52. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $48.40.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. The company had revenue of $444.30 million for the quarter, compared to the consensus estimate of $422.29 million. Samsara had a negative net margin of 0.56% and a negative return on equity of 0.75%. The business’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Analysts expect that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

About Samsara

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.