RFG Advisory LLC Has $659,000 Stake in Samsara Inc. $IOT

RFG Advisory LLC decreased its position in Samsara Inc. (NYSE:IOT) by 44.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,577 shares of the company’s stock after selling 13,467 shares during the quarter. RFG Advisory LLC’s holdings in Samsara were worth $659,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Baillie Gifford & Co. raised its stake in shares of Samsara by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company’s stock valued at $1,352,186,000 after purchasing an additional 2,348,101 shares during the period. Vanguard Group Inc. grew its holdings in shares of Samsara by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company’s stock valued at $900,581,000 after acquiring an additional 2,516,882 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Samsara by 1,881.8% in the 1st quarter. Jennison Associates LLC now owns 11,763,133 shares of the company’s stock valued at $450,881,000 after acquiring an additional 11,169,571 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Samsara by 20.1% in the 1st quarter. Invesco Ltd. now owns 4,174,153 shares of the company’s stock valued at $159,995,000 after acquiring an additional 697,208 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Samsara by 58.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,823,484 shares of the company’s stock valued at $108,224,000 after acquiring an additional 1,047,068 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity at Samsara

In other news, insider Sanjit Biswas sold 160,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $38.36, for a total transaction of $6,137,600.00. Following the completion of the sale, the insider owned 36,000 shares in the company, valued at $1,380,960. The trade was a 81.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Benjamin Louis Kirchhoff sold 4,933 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $37.47, for a total value of $184,839.51. Following the sale, the chief accounting officer owned 100,585 shares of the company’s stock, valued at approximately $3,768,919.95. This represents a 4.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,734,679 shares of company stock valued at $140,267,375. Insiders own 46.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Craig Hallum upgraded Samsara from a “hold” rating to a “buy” rating and raised their price objective for the company from $42.00 to $48.00 in a report on Friday, September 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Samsara in a report on Wednesday, October 8th. Morgan Stanley raised their price objective on Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, September 8th. Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a report on Friday, August 15th. Finally, Truist Financial raised their price objective on Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a report on Friday, September 5th. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $49.55.

Samsara Stock Performance

Samsara stock opened at $36.55 on Friday. Samsara Inc. has a 52 week low of $31.40 and a 52 week high of $61.90. The stock has a market capitalization of $20.97 billion, a P/E ratio of -228.43 and a beta of 1.60. The stock has a 50-day simple moving average of $37.04 and a 200 day simple moving average of $39.11.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 4th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The business had revenue of $391.48 million during the quarter, compared to analysts’ expectations of $372.22 million. During the same quarter last year, the company posted $0.05 earnings per share. Samsara’s quarterly revenue was up 30.4% on a year-over-year basis. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. Research analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current year.

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.