Sterling Capital Management LLC Sells 21,163 Shares of Samsara Inc. $IOT

Sterling Capital Management LLC reduced its holdings in shares of Samsara Inc. (NYSE:IOT) by 36.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,660 shares of the company’s stock after selling 21,163 shares during the period. Sterling Capital Management LLC’s holdings in Samsara were worth $1,193,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Acumen Wealth Advisors LLC purchased a new stake in shares of Samsara in the 4th quarter worth $28,000. Caitong International Asset Management Co. Ltd grew its holdings in Samsara by 312.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock valued at $31,000 after purchasing an additional 669 shares during the period. AlphaCentric Advisors LLC bought a new stake in Samsara during the fourth quarter valued at about $36,000. IFP Advisors Inc increased its position in Samsara by 194.4% in the third quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock worth $47,000 after buying an additional 828 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Samsara in the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Activity at Samsara

In other news, insider John Bicket sold 168,227 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $28.58, for a total transaction of $4,807,927.66. Following the sale, the insider owned 15,200 shares in the company, valued at approximately $434,416. The trade was a 91.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $32.27, for a total value of $19,802,808.20. Following the completion of the transaction, the director owned 2,256,487 shares of the company’s stock, valued at $72,816,835.49. This trade represents a 21.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,710,515 shares of company stock valued at $147,188,554 in the last ninety days. Corporate insiders own 35.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on IOT. Royal Bank Of Canada increased their target price on shares of Samsara from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. TD Cowen reissued a “buy” rating and issued a $45.00 price objective on shares of Samsara in a research note on Thursday, June 25th. KeyCorp restated an “overweight” rating on shares of Samsara in a research report on Friday. Zacks Research cut shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, BMO Capital Markets boosted their price objective on Samsara from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.94.

Samsara Stock Performance

IOT opened at $32.03 on Tuesday. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47. The stock has a market cap of $18.67 billion, a price-to-earnings ratio of 320.36, a P/E/G ratio of 7.30 and a beta of 1.34. The stock’s 50 day moving average price is $31.40 and its 200-day moving average price is $31.68.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The business had revenue of $478.84 million during the quarter, compared to analyst estimates of $455.21 million. During the same period in the previous year, the company posted $0.11 EPS. Samsara’s 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. As a group, analysts predict that Samsara Inc. will post 0.15 earnings per share for the current fiscal 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.