HarbourVest Partners LLC Buys New Position in Samsara Inc. $IOT

HarbourVest Partners LLC purchased a new position in Samsara Inc. (NYSE:IOT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 217,965 shares of the company’s stock, valued at approximately $8,671,000. Samsara accounts for about 9.5% of HarbourVest Partners LLC’s portfolio, making the stock its 3rd largest position.

Other hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new position in Samsara during the second quarter valued at $28,000. AlphaQuest LLC raised 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 worth $40,000 after buying an additional 873 shares during the period. Family Legacy Financial Solutions LLC purchased a new position in shares of Samsara during the 2nd quarter valued at about $40,000. Whipplewood Advisors LLC grew its stake in shares of Samsara by 349.8% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,093 shares of the company’s stock valued at $43,000 after acquiring an additional 850 shares during the period. Finally, Allworth Financial LP increased its holdings in Samsara by 906.9% in the 2nd quarter. Allworth Financial LP now owns 1,168 shares of the company’s stock worth $46,000 after acquiring an additional 1,052 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Insiders Place Their Bets

In other news, insider Sanjit Biswas sold 14,152 shares of Samsara stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $38.10, for a total transaction of $539,191.20. Following the completion of the sale, the insider directly owned 44,952 shares in the company, valued at approximately $1,712,671.20. This trade represents a 23.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Bicket sold 24,162 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $38.15, for a total transaction of $921,780.30. Following the sale, the insider directly owned 218,173 shares of the company’s stock, valued at $8,323,299.95. This represents a 9.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,730,107 shares of company stock valued at $143,045,198 over the last 90 days. Insiders own 46.49% of the company’s stock.

Samsara Stock Performance

Shares of IOT opened at $45.31 on Monday. The stock has a market capitalization of $25.99 billion, a PE ratio of -566.38 and a beta of 1.61. The company’s fifty day moving average is $38.46 and its 200 day moving average is $38.71. Samsara Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $61.90.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Samsara had a negative net margin of 2.79% and a negative return on equity of 3.61%. The business had revenue of $415.98 million during the quarter, compared to analysts’ expectations of $398.92 million. During the same period last year, the company posted $0.07 EPS. The business’s revenue was up 29.2% on a year-over-year basis. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. As a group, research analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on IOT. Zacks Research downgraded shares of Samsara from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Craig Hallum upgraded Samsara from a “hold” rating to a “buy” rating and increased their price target for the stock from $42.00 to $48.00 in a research note on Friday, September 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Samsara in a research report on Wednesday, October 8th. Morgan Stanley lifted their target price on Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, September 8th. Finally, Piper Sandler upped their price target on Samsara from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $50.50.

Samsara Company Profile

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.