Baker Avenue Asset Management LP Has $4.34 Million Stake in Samsara Inc. $IOT

Baker Avenue Asset Management LP raised its holdings in Samsara Inc. (NYSE:IOT) by 180.3% in the second quarter, HoldingsChannel.com reports. The firm owned 109,089 shares of the company’s stock after purchasing an additional 70,173 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Samsara were worth $4,340,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. California Public Employees Retirement System raised its position in shares of Samsara by 107.1% in the second quarter. California Public Employees Retirement System now owns 433,887 shares of the company’s stock valued at $17,260,000 after buying an additional 224,401 shares in the last quarter. Cerity Partners LLC increased its stake in Samsara by 22.4% during the 2nd quarter. Cerity Partners LLC now owns 61,847 shares of the company’s stock worth $2,460,000 after acquiring an additional 11,312 shares during the period. Federated Hermes Inc. raised its holdings in Samsara by 18.2% in the 2nd quarter. Federated Hermes Inc. now owns 858,266 shares of the company’s stock valued at $34,142,000 after acquiring an additional 132,268 shares in the last quarter. Jump Financial LLC raised its holdings in Samsara by 3,339.5% in the 2nd quarter. Jump Financial LLC now owns 264,600 shares of the company’s stock valued at $10,526,000 after acquiring an additional 256,907 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new stake in shares of Samsara during the 2nd quarter valued at $231,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley raised their price target on Samsara from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday, September 8th. Truist Financial increased their price objective on shares of Samsara from $35.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, September 5th. Royal Bank Of Canada boosted their target price on shares of Samsara from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday. Craig Hallum upgraded shares of 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 report on Friday, September 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Samsara in a research note on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Insider Transactions at Samsara

In other Samsara news, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total value of $30,582,910.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of Samsara stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total value of $30,582,910.05. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,730,107 shares of company stock valued at $143,045,198 over the last quarter. 46.49% of the stock is currently owned by insiders.

Samsara Trading Up 11.3%

IOT stock opened at $45.31 on Monday. The firm has a 50-day moving average price of $38.46 and a 200-day moving average price of $38.71. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90. The stock has a market capitalization of $25.99 billion, a P/E ratio of -566.38 and a beta of 1.61.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $415.98 million during the quarter, compared to analysts’ expectations of $398.92 million. Samsara had a negative net margin of 2.79% and a negative return on equity of 3.61%. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 EPS. 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 analysts predict that Samsara Inc. will post -0.3 EPS for the current fiscal year.

About Samsara

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.