Atreides Management LP Buys Shares of 711,215 Samsara Inc. $IOT

Atreides Management LP bought a new stake in Samsara Inc. (NYSE:IOT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 711,215 shares of the company’s stock, valued at approximately $26,493,000. Atreides Management LP owned approximately 0.12% of Samsara as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bamco Inc. NY grew its holdings in shares of Samsara by 23.7% during the third quarter. Bamco Inc. NY now owns 3,378,831 shares of the company’s stock valued at $125,861,000 after buying an additional 647,402 shares in the last quarter. Bridgefront Capital LLC acquired a new position in Samsara during the third quarter valued at $1,408,000. Bank of America Corp DE lifted its stake in Samsara by 29.9% in the 3rd quarter. Bank of America Corp DE now owns 1,877,332 shares of the company’s stock worth $69,931,000 after acquiring an additional 431,828 shares in the last quarter. Bank of Nova Scotia acquired a new stake in Samsara during the 3rd quarter worth about $386,000. Finally, Boothbay Fund Management LLC acquired a new stake in Samsara during the 3rd quarter worth about $1,003,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on IOT shares. JPMorgan Chase & Co. upped their target price on Samsara from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, December 5th. BNP Paribas Exane upgraded shares of Samsara from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Thursday, January 15th. Evercore reaffirmed an “outperform” rating on shares of Samsara in a research report on Friday, March 6th. Bank of America upped their price objective on shares of Samsara from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, UBS Group reiterated a “buy” rating and issued a $48.00 target price on shares of Samsara in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $46.18.

Insider Buying and Selling at Samsara

In other news, insider Sanjit Biswas sold 263,900 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $34.40, for a total transaction of $9,078,160.00. Following the transaction, the insider owned 89,400 shares in the company, valued at approximately $3,075,360. This trade represents a 74.70% decrease in their position. 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 263,900 shares of Samsara stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $34.40, for a total transaction of $9,078,160.00. Following the completion of the sale, the insider directly owned 89,400 shares of the company’s stock, valued at approximately $3,075,360. The trade was a 74.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,903,585 shares of company stock worth $91,712,463. 46.49% of the stock is currently owned by company insiders.

Samsara Price Performance

Shares of Samsara stock opened at $31.70 on Friday. The firm has a market cap of $18.29 billion, a price-to-earnings ratio of -1,583.96 and a beta of 1.60. The stock has a 50-day simple moving average of $30.08 and a 200-day simple moving average of $35.52. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $48.40.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The firm had revenue of $444.30 million for the quarter, compared to the consensus estimate of $422.29 million. Samsara had a negative return on equity of 0.75% and a negative net margin of 0.56%.The firm’s revenue was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 earnings per share. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. As a group, equities research analysts predict that Samsara Inc. will post -0.3 earnings per share for the current year.

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.