Legal & General Group Plc Reduces Stock Position in Samsara Inc. $IOT

Legal & General Group Plc lessened its position in Samsara Inc. (NYSE:IOT) by 0.1% during the second quarter, Holdings Channel.com reports. The fund owned 1,342,677 shares of the company’s stock after selling 1,619 shares during the period. Legal & General Group Plc’s holdings in Samsara were worth $53,412,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Samsara by 18.3% during the second quarter. Vanguard Group Inc. now owns 27,803,226 shares of the company’s stock worth $1,106,012,000 after purchasing an additional 4,307,755 shares during the period. Geode Capital Management LLC increased its holdings in Samsara by 65.6% during the 2nd 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 period. Invesco Ltd. raised its position in Samsara by 20.1% during the 1st quarter. Invesco Ltd. now owns 4,174,153 shares of the company’s stock valued at $159,995,000 after purchasing an additional 697,208 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in 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 buying an additional 1,696,341 shares during the period. Finally, Westfield Capital Management Co. LP lifted its holdings in Samsara by 0.7% in the 2nd quarter. Westfield Capital Management Co. LP now owns 3,549,106 shares of the company’s stock worth $141,183,000 after buying an additional 25,716 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling at Samsara

In other news, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of Samsara stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total transaction of $30,582,910.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Bicket sold 170,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $38.35, for a total value of $6,519,500.00. Following the completion of the sale, the insider directly owned 36,000 shares in the company, valued at approximately $1,380,600. This represents a 82.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,747,900 shares of company stock worth $142,971,728 over the last three months. Company insiders own 46.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IOT. Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Truist Financial lifted their price target on shares of Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a report on Friday, September 5th. Royal Bank Of Canada boosted their price objective on shares of Samsara from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. BMO Capital Markets dropped their target price on shares of Samsara from $54.00 to $47.00 and set an “outperform” rating for the company in a research report on Friday, September 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $48.00 target price on shares of Samsara in a research note on Friday, November 14th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Samsara currently has an average rating of “Hold” and a consensus price target of $49.55.

Samsara Trading Up 3.3%

IOT opened at $37.47 on Wednesday. The company has a market cap of $21.49 billion, a price-to-earnings ratio of -234.18 and a beta of 1.61. The stock has a fifty day simple moving average of $38.40 and a two-hundred day simple moving average of $39.14. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90.

Samsara (NYSE:IOT) last released 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 firm had revenue of $391.48 million for the quarter, compared to the consensus estimate of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The company’s revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, analysts predict that Samsara Inc. will post -0.3 EPS for the current year.

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.