TD Asset Management Inc Trims Stake in Samsara Inc. $IOT

TD Asset Management Inc cut its stake in Samsara Inc. (NYSE:IOT) by 19.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 214,090 shares of the company’s stock after selling 51,940 shares during the period. TD Asset Management Inc’s holdings in Samsara were worth $8,516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IOT. Keystone Financial Group Inc. grew its position in Samsara by 300.0% in the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company’s stock worth $25,000 after acquiring an additional 450 shares in the last quarter. CWM LLC grew its position in Samsara by 385.3% in the first quarter. CWM LLC now owns 1,053 shares of the company’s stock worth $40,000 after acquiring an additional 836 shares in the last quarter. AlphaQuest LLC grew its position in Samsara by 519.6% in the first quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock worth $40,000 after acquiring an additional 873 shares in the last quarter. Family Legacy Financial Solutions LLC purchased a new position in Samsara in the second quarter worth $40,000. Finally, UMB Bank n.a. grew its position in Samsara by 31.9% in the second quarter. UMB Bank n.a. now owns 1,904 shares of the company’s stock worth $76,000 after acquiring an additional 461 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Sanjit Biswas sold 160,000 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $38.36, for a total transaction 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 represents a 81.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John Bicket sold 170,000 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $38.35, for a total transaction of $6,519,500.00. Following the transaction, the insider directly owned 36,000 shares of the company’s stock, valued at approximately $1,380,600. This trade represents a 82.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,724,596 shares of company stock valued at $139,876,457. 46.49% of the stock is currently owned by insiders.

Samsara Trading Up 0.4%

Shares of NYSE:IOT opened at $36.55 on Monday. The company has a market cap of $20.97 billion, a price-to-earnings ratio of -228.43 and a beta of 1.60. The company has a 50-day moving average price of $37.04 and a 200-day moving average price of $39.16. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90.

Samsara (NYSE:IOT) last issued 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 during 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 quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. As a group, research analysts forecast that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IOT has been the subject of several research reports. Craig Hallum upgraded shares of Samsara from a “hold” rating to a “buy” rating and upped their target price for the stock from $42.00 to $48.00 in a research report on Friday, September 5th. Piper Sandler boosted their price target on shares of Samsara from $47.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. 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. Truist Financial boosted their price target on shares of Samsara from $35.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, September 5th. Finally, Zacks Research downgraded shares of Samsara from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $49.55.

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.