Do You Believe in the Long-Term Growth Potential of Samsara (IOT)?

Sands Capital, an investment management company, released its “Sands Capital Global Growth Fund” first-quarter 2025 investor letter. A copy of the letter can be downloaded here. Global Growth adopts a flexible approach to identify the most promising growth companies across the globe. Global equities fell in the first quarter, as per the MSCI ACWI. The strategy underperformed the benchmark amid the weakness. You can check the fund’s top 5 holdings to know more about its best picks for 2025.

In its first-quarter 2025 investor letter, Sands Capital Global Growth Fund highlighted stocks such as Samsara Inc. (NYSE:IOT). Samsara Inc. (NYSE:IOT) offers solutions to connect physical operations data to its connected operations cloud. The one-month return of Samsara Inc. (NYSE:IOT) was 9.12%, and its shares gained 54.61% of their value over the last 52 weeks. On June 5, 2025, Samsara Inc. (NYSE:IOT) stock closed at $47.25 per share, with a market capitalization of $26.901 billion.

Sands Capital Global Growth Fund stated the following regarding Samsara Inc. (NYSE:IOT) in its Q1 2025 investor letter:

“In the first quarter, Global Growth completed the purchases of Builders FirstSource, CTS Eventim, Intuitive Surgical, Samsara Inc. (NYSE:IOT), and Taiwan Semiconductor. Global Growth’s investment actions seek to improve the portfolio’s overall earnings stability and predictability.

Samsara is a leading developer of connected hardware and software for industrial operations. The business sells its hardware (i.e., cameras and sensors) and software to thousands of fleet owners across the globe. Samsara’s end market is large, fragmented, and a laggard in digital penetration. Our research indicates that Samsara’s technology helps reduce costs, increases operational transparency, improves safety, and better enables automation relative to legacy competitors in this area, who have been slow to innovate. We expect that Samsara’s technology and transformation into a true platform with multiple products will enable the business to capture significant wallet share as its customers look to accelerate digital transformation. Over the longer term, the company’s vision is to become the central operating system for various industrial operations globally as its end customers use a combination of advanced sensors and software to give them a real-time view of how their assets and people are performing in the field.”

Samsara Inc. (IOT): Among Stocks Insiders Were Selling In Q1 2025

A data analyst wearing virtual reality goggles while analyzing on-board telematics.

Samsara Inc. (NYSE:IOT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 35 hedge fund portfolios held Samsara Inc. (NYSE:IOT) at the end of the first quarter, which was 40 in the previous quarter. While we acknowledge the potential of Samsara Inc. (NYSE:IOT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.

In another article, we covered Samsara Inc. (NYSE:IOT) and shared the list of hidden AI stocks to buy. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.