Oppenheimer Asset Management Inc. Purchases New Shares in Samsara Inc. $IOT

Oppenheimer Asset Management Inc. acquired a new stake in shares of Samsara Inc. (NYSE:IOT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 25,316 shares of the company’s stock, valued at approximately $943,000.

A number of other hedge funds have also recently bought and sold shares of IOT. Candriam S.C.A. raised its holdings in shares of Samsara by 3.4% in the third quarter. Candriam S.C.A. now owns 24,181 shares of the company’s stock valued at $901,000 after purchasing an additional 790 shares during the last quarter. RFG Advisory LLC increased its stake in Samsara by 290.3% in the 3rd quarter. RFG Advisory LLC now owns 64,704 shares of the company’s stock valued at $2,410,000 after buying an additional 48,127 shares during the last quarter. Plato Investment Management Ltd lifted its position in shares of Samsara by 35.1% during the 3rd quarter. Plato Investment Management Ltd now owns 20,662 shares of the company’s stock worth $764,000 after buying an additional 5,366 shares in the last quarter. Azzad Asset Management Inc. ADV purchased a new position in shares of Samsara in the 3rd quarter worth approximately $678,000. Finally, Alps Advisors Inc. grew its holdings in shares of Samsara by 18.4% in the third quarter. Alps Advisors Inc. now owns 85,563 shares of the company’s stock valued at $3,187,000 after acquiring an additional 13,298 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Samsara Trading Up 2.5%

Shares of IOT stock opened at $27.34 on Friday. The stock has a market capitalization of $15.77 billion, a P/E ratio of -341.69 and a beta of 1.61. The firm’s 50 day moving average is $33.84 and its 200 day moving average is $36.26. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $61.90.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.11). The business had revenue of $415.98 million during the quarter, compared to analysts’ expectations of $398.92 million. Samsara had a negative net margin of 2.79% and a negative return on equity of 3.49%. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. On average, equities analysts predict that Samsara Inc. will post -0.3 EPS for the current year.

Insider Buying and Selling

In related news, insider Sanjit Biswas sold 208,081 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $25.19, for a total transaction of $5,241,560.39. Following the sale, the insider owned 294,100 shares of the company’s stock, valued at approximately $7,408,379. This represents a 41.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Benjamin Louis Kirchhoff sold 1,683 shares of Samsara stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $34.53, for a total value of $58,113.99. Following the transaction, the chief accounting officer directly owned 95,610 shares of the company’s stock, valued at $3,301,413.30. The trade was a 1.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,054,011 shares of company stock valued at $103,745,232. 46.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. The Goldman Sachs Group assumed coverage on Samsara in a research report on Wednesday. They issued a “buy” rating and a $36.00 price objective on the stock. BTIG Research initiated coverage on shares of Samsara in a research note on Tuesday, December 16th. They issued a “buy” rating and a $55.00 target price on the stock. Jefferies Financial Group set a $57.00 price target on shares of Samsara in a research note on Wednesday, December 10th. Royal Bank Of Canada set a $35.00 price target on shares of Samsara in a report on Wednesday. Finally, Piper Sandler reissued an “overweight” rating and set a $37.00 price objective (down from $49.00) on shares of Samsara in a report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.25.

Samsara Company 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.