Mission Creek Capital Partners Inc. Invests $42.90 Million in Samsara Inc. $IOT

Mission Creek Capital Partners Inc. bought a new stake in shares of Samsara Inc. (NYSE:IOT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,078,409 shares of the company’s stock, valued at approximately $42,899,000. Samsara comprises approximately 8.6% of Mission Creek Capital Partners Inc.’s portfolio, making the stock its largest holding.

Several other institutional investors also recently bought and sold shares of IOT. Vident Advisory LLC increased its position in Samsara by 66.2% during the 1st quarter. Vident Advisory LLC now owns 14,282 shares of the company’s stock valued at $547,000 after buying an additional 5,691 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Samsara by 96.9% during the first quarter. Citigroup Inc. now owns 223,144 shares of the company’s stock valued at $8,553,000 after acquiring an additional 109,807 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Samsara by 407.7% in the 1st quarter. Russell Investments Group Ltd. now owns 271,327 shares of the company’s stock valued at $10,400,000 after purchasing an additional 217,884 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Samsara by 28.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,380,514 shares of the company’s stock valued at $54,917,000 after purchasing an additional 309,920 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Samsara by 37.2% in the 1st quarter. Northern Trust Corp now owns 1,082,209 shares of the company’s stock worth $41,481,000 after purchasing an additional 293,603 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. KeyCorp started coverage on shares of Samsara in a report on Tuesday. They issued an “overweight” rating and a $55.00 price target for the company. Truist Financial upped their target price on Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. raised their target price on Samsara from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Cowen reiterated a “buy” rating on shares of Samsara in a research note on Friday, December 5th. Finally, Morgan Stanley increased 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. Ten 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.29.

Insiders Place Their Bets

In related news, insider Sanjit Biswas sold 160,000 shares of Samsara 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 owned 36,000 shares in the company, valued at $1,380,960. The trade was a 81.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Bicket sold 170,000 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $38.35, for a total value of $6,519,500.00. Following the transaction, the insider owned 36,000 shares in the company, valued at $1,380,600. This represents a 82.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,161,144 shares of company stock valued at $82,822,391 in the last ninety days. 46.49% of the stock is owned by corporate insiders.

Samsara Stock Down 5.6%

Samsara stock opened at $41.38 on Friday. The business’s 50-day moving average price is $38.99 and its 200 day moving average price is $38.73. The firm has a market cap of $23.74 billion, a price-to-earnings ratio of -517.25 and a beta of 1.61. Samsara Inc. has a 52 week low of $31.40 and a 52 week high of $61.90.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.11). Samsara had a negative return on equity of 3.49% and a negative net margin of 2.79%.The firm had revenue of $415.98 million for the quarter, compared to analyst estimates of $398.92 million. During the same period in the previous year, the business earned $0.07 EPS. Samsara’s revenue for the quarter was up 29.2% compared to the same quarter last year. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. Equities analysts expect that Samsara Inc. will post -0.3 EPS 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.