Spyglass Capital Management LLC Purchases 599,651 Shares of Samsara Inc. $IOT

Spyglass Capital Management LLC grew its position in Samsara Inc. (NYSE:IOT) by 25.5% during the 1st quarter, Holdings Channel reports. The fund owned 2,946,646 shares of the company’s stock after buying an additional 599,651 shares during the quarter. Samsara comprises about 6.6% of Spyglass Capital Management LLC’s holdings, making the stock its biggest position. Spyglass Capital Management LLC’s holdings in Samsara were worth $93,379,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in Samsara in the fourth quarter valued at about $13,464,000. Royal Bank of Canada increased its position in Samsara by 100.3% during the 1st quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock worth $3,686,000 after purchasing an additional 48,135 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Samsara by 2,444.6% during the 1st quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock worth $682,000 after buying an additional 17,088 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Samsara by 3.4% during the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after buying an additional 335 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Samsara by 142.4% in the 2nd quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock valued at $2,739,000 after buying an additional 40,450 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Samsara

In related news, insider John Bicket sold 245,925 shares of Samsara stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total transaction of $9,042,662.25. Following the completion of the transaction, the insider directly owned 94,000 shares in the company, valued at $3,456,380. The trade was a 72.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 244,805 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $36.77, for a total value of $9,001,479.85. Following the sale, the chief executive officer owned 94,000 shares in the company, valued at approximately $3,456,380. This trade represents a 72.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,611,371 shares of company stock valued at $152,423,795 in the last ninety days. Corporate insiders own 35.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. BTIG Research reissued a “buy” rating and issued a $45.00 target price on shares of Samsara in a report on Friday, June 26th. Piper Sandler restated an “overweight” rating and set a $40.00 target price (up from $39.00) on shares of Samsara in a research report on Friday, June 5th. Wolfe Research reaffirmed an “outperform” rating on shares of Samsara in a research note on Thursday, June 11th. Finally, KeyCorp reiterated an “overweight” rating on shares of Samsara in a report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Samsara presently has an average rating of “Moderate Buy” and a consensus target price of $45.33.

More Samsara News

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Technical momentum improved: Samsara reclaimed its 50-day moving average, a signal that can indicate a developing short-term bullish trend. Samsara reclaimed the 50-day moving average
• Positive Sentiment: Longer-term trend turned more constructive: IOT also crossed above its 200-day moving average, a widely followed technical threshold that may attract momentum-oriented investors and suggest improving long-term sentiment. Samsara crossed the 200-day moving average
• Neutral Sentiment: Small accounting-officer sale: Chief Accounting Officer Benjamin Louis Kirchhoff sold 960 shares for approximately $36,192, reducing his holdings by 0.59%. The transaction was made under a Rule 10b5-1 plan, making it a limited signal of management’s current outlook. Kirchhoff insider sale filing
• Negative Sentiment: Large insider sales could weigh on sentiment: CEO Sanjit Biswas sold a combined 265,900 shares for about $9.53 million, while insider John Bicket sold a combined 263,900 shares for roughly $9.53 million. Each reduced ownership by about 71% in the July 21 transactions, though the sales were pre-planned under Rule 10b5-1. Additional sales the following day by both executives were smaller but add to the selling narrative. Biswas insider sale filings Bicket insider sale filings

Samsara Stock Up 6.5%

NYSE:IOT opened at $37.63 on Wednesday. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47. The stock has a fifty day simple moving average of $34.01 and a 200-day simple moving average of $31.43. The company has a market capitalization of $21.93 billion, a PE ratio of 376.38, a price-to-earnings-growth ratio of 7.93 and a beta of 1.35.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The firm had revenue of $478.84 million during the quarter, compared to the consensus estimate of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. 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, equities analysts anticipate that Samsara Inc. will post 0.15 earnings per share for the current year.

Samsara Profile

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.