Traders Purchase High Volume of Call Options on Samsara (NYSE:IOT)

Samsara Inc. (NYSE:IOT) was the recipient of some unusual options trading on Thursday. Stock investors purchased 19,298 call options on the company. This represents an increase of approximately 110% compared to the average daily volume of 9,210 call options.

Insiders Place Their Bets

In other Samsara news, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total transaction of $30,582,910.05. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,730,107 shares of company stock worth $143,045,198 over the last three months. Company insiders own 46.49% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IOT. Gerber Kawasaki Wealth & Investment Management increased its position in shares of Samsara by 0.5% during the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 54,000 shares of the company’s stock valued at $2,070,000 after buying an additional 250 shares during the period. Lazard Asset Management LLC lifted its holdings in Samsara by 2.0% in the third quarter. Lazard Asset Management LLC now owns 13,971 shares of the company’s stock worth $520,000 after buying an additional 279 shares during the period. KLP Kapitalforvaltning AS grew its holdings in shares of Samsara by 0.3% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 113,900 shares of the company’s stock worth $4,243,000 after acquiring an additional 300 shares during the period. Jefferies Financial Group Inc. grew its holdings in shares of Samsara by 1.6% during the 3rd quarter. Jefferies Financial Group Inc. now owns 20,995 shares of the company’s stock worth $782,000 after acquiring an additional 322 shares during the period. Finally, Cim LLC raised its position in shares of Samsara by 1.0% in the 3rd quarter. Cim LLC now owns 32,700 shares of the company’s stock worth $1,218,000 after acquiring an additional 326 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Trading Up 11.3%

NYSE IOT opened at $45.31 on Friday. The firm has a market cap of $25.99 billion, a PE ratio of -566.38 and a beta of 1.61. Samsara has a 1-year low of $31.40 and a 1-year high of $61.90. The stock has a 50-day moving average of $38.46 and a 200-day moving average of $38.82.

Samsara (NYSE:IOT) last announced its quarterly earnings results 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 return on equity of 3.61% and a negative net margin of 2.79%.The business had revenue of $415.98 million for the quarter, compared to analysts’ expectations of $398.92 million. During the same period in the previous year, the firm earned $0.07 EPS. The business’s quarterly 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, equities research analysts forecast that Samsara will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on IOT shares. TD Cowen upped their target price on shares of Samsara from $49.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on Samsara from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday. Cowen reiterated a “buy” rating on shares of Samsara in a research report on Friday. Truist Financial boosted their target price on Samsara from $35.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, September 5th. Finally, Bank of America upped their target price on Samsara from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday. Nine 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’s stock. According to data from MarketBeat, Samsara presently has an average rating of “Moderate Buy” and an average target price 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.