Exchange Traded Concepts LLC Increases Stake in Samsara Inc. $IOT

Exchange Traded Concepts LLC raised its stake in Samsara Inc. (NYSE:IOT) by 8.3% in the fourth quarter, HoldingsChannel reports. The fund owned 553,866 shares of the company’s stock after purchasing an additional 42,470 shares during the period. Exchange Traded Concepts LLC’s holdings in Samsara were worth $19,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of IOT. Norges Bank acquired a new stake in shares of Samsara during the 2nd quarter worth approximately $134,950,000. State Street Corp lifted its stake in shares of Samsara by 107.8% in the 2nd quarter. State Street Corp now owns 5,611,956 shares of the company’s stock valued at $223,244,000 after purchasing an additional 2,910,916 shares during the period. Sands Capital Management LLC lifted its stake in shares of Samsara by 17.2% in the 2nd quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company’s stock valued at $766,808,000 after purchasing an additional 2,833,049 shares during the period. Wellington Management Group LLP boosted its holdings in Samsara by 363.2% during the third quarter. Wellington Management Group LLP now owns 3,181,099 shares of the company’s stock worth $118,496,000 after buying an additional 2,494,368 shares in the last quarter. Finally, Spyglass Capital Management LLC purchased a new stake in Samsara during the third quarter worth $81,956,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insiders Place Their Bets

In other news, insider John Bicket sold 263,900 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $34.40, for a total value of $9,078,160.00. Following the completion of the sale, the insider directly owned 89,400 shares in the company, valued at $3,075,360. This represents a 74.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sanjit Biswas sold 263,900 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $34.40, for a total transaction of $9,078,160.00. Following the completion of the transaction, the insider directly owned 89,400 shares in the company, valued at approximately $3,075,360. This represents a 74.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,497,302 shares of company stock worth $75,934,200 in the last 90 days. 46.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

IOT has been the topic of several analyst reports. BNP Paribas Exane upgraded shares of Samsara from a “neutral” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Thursday, January 15th. Jefferies Financial Group set a $57.00 target price on shares of Samsara in a research note on Wednesday, December 10th. Zacks Research raised shares of Samsara from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. Piper Sandler reissued an “overweight” rating and set a $39.00 target price (up from $37.00) on shares of Samsara in a research note on Friday, March 6th. Finally, JPMorgan Chase & Co. raised their target price on Samsara from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $46.18.

Samsara Price Performance

Shares of Samsara stock opened at $29.78 on Friday. The stock has a market capitalization of $17.29 billion, a P/E ratio of -1,488.01, a PEG ratio of 10.91 and a beta of 1.60. The business has a 50 day simple moving average of $29.72 and a two-hundred day simple moving average of $35.18. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $48.40.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. Samsara had a negative return on equity of 0.72% and a negative net margin of 0.56%.The firm had revenue of $444.30 million for the quarter, compared to analyst estimates of $422.29 million. During the same period in the previous year, the company posted $0.11 earnings per share. The business’s revenue was up 28.3% on a year-over-year basis. 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, research analysts anticipate that Samsara Inc. will post -0.3 EPS 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.