Corton Capital Inc. Makes New Investment in Samsara Inc. $IOT

Corton Capital Inc. acquired a new position in shares of Samsara Inc. (NYSE:IOT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,221 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors also recently bought and sold shares of IOT. Keystone Financial Group Inc. grew its stake in Samsara by 300.0% during the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company’s stock worth $25,000 after buying an additional 450 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Samsara in the second quarter valued at $28,000. CWM LLC boosted its stake in shares of Samsara by 385.3% in the first quarter. CWM LLC now owns 1,053 shares of the company’s stock valued at $40,000 after purchasing an additional 836 shares during the period. AlphaQuest LLC boosted its stake in shares of Samsara by 519.6% in the first quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock valued at $40,000 after purchasing an additional 873 shares during the period. Finally, Family Legacy Financial Solutions LLC purchased a new position in shares of Samsara in the second quarter valued at $40,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Stock Performance

Shares of NYSE:IOT opened at $38.73 on Wednesday. The stock has a market capitalization of $22.22 billion, a price-to-earnings ratio of -242.06 and a beta of 1.61. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90. The company’s fifty day moving average is $38.44 and its two-hundred day moving average is $39.37.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $391.48 million for 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%. The firm’s revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the company 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. Sell-side analysts expect that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Insider Activity at Samsara

In related news, CAO Benjamin Louis Kirchhoff sold 4,933 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $37.47, for a total value of $184,839.51. Following the sale, the chief accounting officer owned 100,585 shares of the company’s stock, valued at $3,768,919.95. This trade represents a 4.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dominic Phillips sold 18,348 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $40.39, for a total transaction of $741,075.72. Following the completion of the sale, the insider directly owned 683,425 shares in the company, valued at approximately $27,603,535.75. This trade represents a 2.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,417,711 shares of company stock valued at $129,032,029 in the last ninety days. 46.49% of the stock is owned by insiders.

Analysts Set New Price Targets

IOT has been the subject of several analyst reports. Royal Bank Of Canada upped their target price on shares of Samsara from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Piper Sandler upped their target price on shares of Samsara from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Evercore ISI set a $50.00 target price on shares of Samsara and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Craig Hallum upgraded shares of Samsara from a “hold” rating to a “buy” rating and upped their target price for the company from $42.00 to $48.00 in a research note on Friday, September 5th. Finally, Wall Street Zen downgraded shares of Samsara from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Samsara currently has a consensus rating of “Hold” and a consensus price target of $49.55.

About Samsara

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.