Mount Lucas Management LP Takes $289,000 Position in Samsara Inc. $IOT

Mount Lucas Management LP purchased a new position in Samsara Inc. (NYSE:IOT) in the 2nd quarter, HoldingsChannel reports. The fund purchased 7,256 shares of the company’s stock, valued at approximately $289,000.

Several other institutional investors also recently bought and sold shares of IOT. Baillie Gifford & Co. raised its holdings in Samsara by 7.1% in the first quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company’s stock worth $1,352,186,000 after buying an additional 2,348,101 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Samsara by 12.0% during the first quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company’s stock valued at $900,581,000 after buying an additional 2,516,882 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Samsara by 65.6% during the second quarter. Geode Capital Management LLC now owns 4,877,254 shares of the company’s stock valued at $193,387,000 after acquiring an additional 1,931,870 shares in the last quarter. Invesco Ltd. raised its holdings in Samsara by 20.1% in the 1st quarter. Invesco Ltd. now owns 4,174,153 shares of the company’s stock worth $159,995,000 after acquiring an additional 697,208 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Craig Hallum raised Samsara from a “hold” rating to a “buy” rating and increased their price objective for the company from $42.00 to $48.00 in a research report on Friday, September 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $48.00 target price on shares of Samsara in a research report on Friday. Truist Financial increased their price target on Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Samsara in a report on Wednesday, October 8th. Finally, Evercore ISI set a $50.00 price objective on Samsara and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Samsara has a consensus rating of “Hold” and an average price target of $49.55.

Samsara Stock Down 3.4%

NYSE IOT opened at $36.51 on Tuesday. Samsara Inc. has a 52 week low of $31.40 and a 52 week high of $61.90. The company has a market capitalization of $20.94 billion, a P/E ratio of -228.20 and a beta of 1.61. The stock’s 50-day moving average price is $38.70 and its 200-day moving average price is $39.39.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $391.48 million during the quarter, compared to the consensus estimate of $372.22 million. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The firm’s revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the company posted $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. Research analysts anticipate that Samsara Inc. will post -0.3 EPS for the current year.

Insider Activity

In related news, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total value of $30,582,910.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sanjit Biswas sold 160,000 shares of the company’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $38.36, for a total value of $6,137,600.00. Following the completion of the transaction, the insider directly owned 36,000 shares of the company’s stock, valued at approximately $1,380,960. This trade represents a 81.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,542,237 shares of company stock worth $134,996,350 in the last quarter. Corporate insiders own 46.49% of the company’s stock.

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.