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

Brighton Jones LLC lowered its position in Samsara Inc. (NYSE:IOT) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 291,002 shares of the company’s stock after selling 12,428 shares during the quarter. Brighton Jones LLC owned about 0.05% of Samsara worth $11,576,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in Samsara by 24.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,045 shares of the company’s stock valued at $768,000 after acquiring an additional 3,956 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Samsara by 47.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,407 shares of the company’s stock valued at $361,000 after acquiring an additional 3,007 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Samsara in the first quarter valued at $342,000. Asset Management One Co. Ltd. increased its stake in Samsara by 18.7% in the first quarter. Asset Management One Co. Ltd. now owns 154,049 shares of the company’s stock valued at $5,920,000 after acquiring an additional 24,307 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Samsara by 99.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,909,336 shares of the company’s stock valued at $74,082,000 after acquiring an additional 952,791 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Samsara Stock Up 1.4%

NYSE IOT opened at $39.19 on Friday. The company has a 50-day simple moving average of $37.61 and a two-hundred day simple moving average of $39.28. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90. The firm has a market cap of $22.48 billion, a price-to-earnings ratio of -244.92 and a beta of 1.60.

Samsara (NYSE:IOT) last posted its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The business had revenue of $391.48 million during the quarter, compared to analyst estimates of $372.22 million. During the same period in the prior year, the business posted $0.05 earnings per share. The company’s 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. Equities analysts expect that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IOT has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their target price on Samsara from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Craig Hallum raised Samsara from a “hold” rating to a “buy” rating and increased their target price for the company from $42.00 to $48.00 in a research note on Friday, September 5th. Wall Street Zen cut Samsara from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Evercore ISI set a $50.00 target price on Samsara and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Finally, BMO Capital Markets reduced their target price on Samsara from $54.00 to $47.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $49.55.

Insider Activity at Samsara

In other news, insider John Bicket sold 170,000 shares of the stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $38.66, for a total transaction of $6,572,200.00. Following the completion of the sale, the insider directly owned 30,000 shares in the company, valued at approximately $1,159,800. This represents a 85.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Benjamin Louis Kirchhoff sold 4,933 shares of the stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $37.47, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,729,363 shares of company stock valued at $140,243,015 in the last quarter. 46.49% of the stock is currently owned by company insiders.

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.