Sterling Capital Management LLC Reduces Stock Position in Samsara Inc. $IOT

Sterling Capital Management LLC reduced its stake in Samsara Inc. (NYSE:IOT) by 36.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,660 shares of the company’s stock after selling 21,163 shares during the quarter. Sterling Capital Management LLC’s holdings in Samsara were worth $1,193,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Acumen Wealth Advisors LLC purchased a new position in Samsara during the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Samsara by 312.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock valued at $31,000 after buying an additional 669 shares during the period. AlphaCentric Advisors LLC purchased a new stake in shares of Samsara in the 4th quarter valued at approximately $36,000. IFP Advisors Inc increased its holdings in shares of Samsara by 194.4% during the 3rd quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock worth $47,000 after buying an additional 828 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Samsara during the 4th quarter valued at approximately $52,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Activity

In related news, Director Jonathan Chadwick sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $33.47, for a total value of $334,700.00. Following the completion of the transaction, the director directly owned 43,865 shares of the company’s stock, valued at $1,468,161.55. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dominic Phillips sold 19,547 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $35.39, for a total transaction of $691,768.33. Following the completion of the transaction, the insider owned 929,575 shares in the company, valued at $32,897,659.25. This represents a 2.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,710,515 shares of company stock valued at $147,188,554 over the last 90 days. Insiders own 35.13% of the company’s stock.

Analysts Set New Price Targets

IOT has been the subject of a number of research analyst reports. TD Cowen reiterated a “buy” rating and set a $45.00 price target on shares of Samsara in a report on Thursday, June 25th. Jefferies Financial Group upgraded shares of Samsara to a “buy” rating in a report on Thursday, June 11th. BMO Capital Markets lifted their price target on shares of Samsara from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Zacks Research downgraded shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Evercore restated an “outperform” rating on shares of Samsara in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Samsara presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.94.

Samsara Price Performance

IOT stock opened at $32.03 on Tuesday. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47. The business’s 50-day moving average is $31.40 and its two-hundred day moving average is $31.68. The firm has a market capitalization of $18.67 billion, a P/E ratio of 320.36, a P/E/G ratio of 7.30 and a beta of 1.34.

Samsara (NYSE:IOT) last announced 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. The company had revenue of $478.84 million for the quarter, compared to the consensus estimate of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, analysts expect that Samsara Inc. will post 0.15 EPS for the current 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.