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Samsara Inc (NYSE:IOT). NASDAQ:IOT Executive Vice President and CFO Dominic Phillips, disposed of 47,334 shares of Class A Common Stock on June 16, 2025, for a total value of $1.85 million. The shares were sold at prices ranging from $38.67 to $39.60. According to InvestingPro data, the company, currently valued at $21.76 billion, has seen its stock decline over the past month amid volatile trading conditions.
Following the transaction, Phillips directly owns 793,735 shares of Samsara Inc. Class A Common Stock.
These shares were disposed of in non-discretionary transactions to cover the Reporting Person’s tax withholding obligations in connection with the settlement of awards of RSUs. In other recent news, Samsara Inc reported a 31% year-over-year increase in annual recurring revenue (ARR) for the first quarter of fiscal 2026. The company added 154 new customers with more than $100,000 in ARR, which now constitutes 58% of the total ARR. Despite these positive results, Samsara faced challenges with extended sales cycles and tariff impacts, contributing to a slowdown in net new annual recurring revenue (NNARR) growth. Goldman Sachs maintained its Buy rating on Samsara, citing strong customer demand and significant market opportunities. Wolfe Research also raised its price target to $45, emphasizing Samsara’s solid execution in a fragmented market. RBC Capital reiterated an Outperform rating, noting the company’s strong start to the year with 32% constant currency revenue growth. Meanwhile, Piper Sandler kept its Overweight rating, highlighting a $5 billion market opportunity for Samsara’s asset tags. However, BNP Paribas (OTC:BNPQY) Exane lowered its price target to $38 due to sales concerns, maintaining a Neutral rating. These developments reflect a mix of optimism and caution among analysts regarding Samsara’s future prospects. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.