Brighton Jones LLC Sells 12,428 Shares of Samsara Inc. $IOT

Brighton Jones LLC reduced its stake in Samsara Inc. (NYSE:IOT) by 4.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 291,002 shares of the company’s stock after selling 12,428 shares during the period. Brighton Jones LLC’s holdings in Samsara were worth $11,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Baillie Gifford & Co. increased its stake in shares of Samsara by 7.1% during the first 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 in the last quarter. Vanguard Group Inc. boosted its holdings in Samsara by 12.0% in the first quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company’s stock worth $900,581,000 after purchasing an additional 2,516,882 shares during the last quarter. Jennison Associates LLC boosted its holdings in Samsara by 1,881.8% in the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company’s stock worth $450,881,000 after purchasing an additional 11,169,571 shares during the last quarter. Invesco Ltd. boosted its holdings in Samsara by 20.1% in the first quarter. Invesco Ltd. now owns 4,174,153 shares of the company’s stock worth $159,995,000 after purchasing an additional 697,208 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Samsara by 58.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,823,484 shares of the company’s stock worth $108,224,000 after purchasing an additional 1,047,068 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Samsara Price Performance

Shares of IOT stock opened at $39.19 on Friday. The company has a market capitalization of $22.48 billion, a price-to-earnings ratio of -244.92 and a beta of 1.60. Samsara Inc. has a one year low of $31.40 and a one year high of $61.90. The company’s fifty day moving average price is $37.61 and its 200-day moving average price is $39.28.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $391.48 million for the quarter, compared to the consensus estimate of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The company’s revenue was up 30.4% on a year-over-year basis. During the same period last year, the firm earned $0.05 EPS. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. Equities research analysts expect that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IOT shares. BMO Capital Markets dropped their price target on shares of Samsara from $54.00 to $47.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Samsara in a research note on Saturday. Zacks Research cut shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Royal Bank Of Canada lifted their price target on shares of Samsara from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Finally, Evercore ISI set a $50.00 price target on shares of Samsara and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $49.55.

Insider Activity

In other news, insider Adam Eltoukhy sold 4,767 shares of the firm’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $37.16, for a total transaction of $177,141.72. Following the sale, the insider directly owned 302,698 shares in the company, valued at $11,248,257.68. This trade represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sanjit Biswas sold 160,000 shares of the firm’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $38.63, for a total transaction of $6,180,800.00. Following the sale, the insider owned 30,000 shares in the company, valued at $1,158,900. The trade was a 84.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,729,363 shares of company stock worth $140,243,015. 46.49% of the stock is currently owned by insiders.

Samsara 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.