Jennison Associates LLC Sells 245,458 Shares of Samsara Inc. $IOT

Jennison Associates LLC trimmed its stake in shares of Samsara Inc. (NYSE:IOT) by 24.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 747,898 shares of the company’s stock after selling 245,458 shares during the quarter. Jennison Associates LLC’s holdings in Samsara were worth $23,701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC increased its stake in Samsara by 2.0% in the 3rd quarter. Lazard Asset Management LLC now owns 13,971 shares of the company’s stock worth $520,000 after purchasing an additional 279 shares during the period. Cim LLC boosted its stake in shares of Samsara by 1.0% during the third quarter. Cim LLC now owns 32,700 shares of the company’s stock valued at $1,218,000 after purchasing an additional 326 shares during the period. Empowered Funds LLC grew its holdings in shares of Samsara by 3.4% in the first quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after purchasing an additional 335 shares during the last quarter. IFG Advisory LLC grew its holdings in shares of Samsara by 0.8% in the fourth quarter. IFG Advisory LLC now owns 44,814 shares of the company’s stock worth $1,589,000 after purchasing an additional 372 shares during the last quarter. Finally, Summit Financial LLC increased its stake in shares of Samsara by 1.4% in the fourth quarter. Summit Financial LLC now owns 29,487 shares of the company’s stock worth $1,045,000 after buying an additional 419 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on IOT. Piper Sandler reiterated an “overweight” rating and set a $40.00 price target (up from $39.00) on shares of Samsara in a report on Friday, June 5th. KeyCorp reissued an “overweight” rating on shares of Samsara in a report on Friday, June 26th. Zacks Research cut shares of Samsara from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Jefferies Financial Group raised shares of Samsara to a “buy” rating in a research note on Thursday, June 11th. Finally, Weiss Ratings upgraded shares of Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Samsara currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.94.

Samsara Trading Up 0.8%

NYSE:IOT opened at $38.62 on Tuesday. The company has a 50-day moving average price of $33.36 and a 200-day moving average price of $31.45. The stock has a market cap of $22.50 billion, a price-to-earnings ratio of 386.20, a P/E/G ratio of 8.98 and a beta of 1.35. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47.

Samsara (NYSE:IOT) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The company had revenue of $478.84 million for the quarter, compared to analysts’ expectations of $455.21 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. Samsara’s quarterly revenue was up 30.5% on a year-over-year basis. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. Equities analysts forecast that Samsara Inc. will post 0.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Sanjit Biswas sold 244,805 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total value of $9,001,479.85. Following the completion of the transaction, the chief executive officer owned 94,000 shares in the company, valued at $3,456,380. This trade represents a 72.26% decrease in their position. The transaction 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, Director Marc L. Andreessen sold 613,660 shares of Samsara stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $32.27, for a total value of $19,802,808.20. Following the sale, the director owned 2,256,487 shares in the company, valued at $72,816,835.49. This represents a 21.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,464,637 shares of company stock worth $144,511,167. Company insiders own 35.13% of the company’s stock.

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.