Pinegrove Venture Partners LLC Invests $15.16 Million in Samsara Inc. $IOT

Pinegrove Venture Partners LLC acquired a new position in Samsara Inc. (NYSE:IOT) in the 2nd quarter, Holdings Channel reports. The firm acquired 381,171 shares of the company’s stock, valued at approximately $15,163,000. Samsara comprises 24.2% of Pinegrove Venture Partners LLC’s investment portfolio, making the stock its 2nd biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IOT. Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of Samsara by 0.5% in the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 54,000 shares of the company’s stock valued at $2,070,000 after purchasing an additional 250 shares during the last quarter. Empowered Funds LLC raised its holdings in Samsara by 3.4% in the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock valued at $390,000 after buying an additional 335 shares during the period. Advisors Asset Management Inc. lifted its position in Samsara by 13.1% in the first quarter. Advisors Asset Management Inc. now owns 3,022 shares of the company’s stock valued at $116,000 after buying an additional 351 shares during the last quarter. Kieckhefer Group LLC boosted its stake in Samsara by 1.2% during the second quarter. Kieckhefer Group LLC now owns 30,870 shares of the company’s stock worth $1,228,000 after buying an additional 370 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Samsara by 1.5% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 26,854 shares of the company’s stock valued at $1,068,000 after acquiring an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $48.00 target price on shares of Samsara in a report on Friday, November 14th. Craig Hallum raised Samsara from a “hold” rating to a “buy” rating and lifted their price objective for the company from $42.00 to $48.00 in a research note on Friday, September 5th. Evercore ISI set a $50.00 target price on Samsara and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Royal Bank Of Canada raised their target price on Samsara from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Samsara in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.55.

Insider Activity

In related news, insider Sanjit Biswas sold 160,000 shares of the business’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $38.36, for a total transaction of $6,137,600.00. Following the completion of the transaction, the insider owned 36,000 shares in the company, valued at approximately $1,380,960. The trade was a 81.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total value of $30,582,910.05. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,747,900 shares of company stock worth $142,971,728. Insiders own 46.49% of the company’s stock.

Samsara Price Performance

Shares of NYSE 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’s 50-day moving average is $38.40 and its two-hundred day moving average is $39.14. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $391.48 million during the quarter, compared to the consensus estimate of $372.22 million. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The business’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the previous year, the company posted $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. Equities research analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current fiscal 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.