Andreessen Horowitz LSV Fund I, L.P.

Andreessen Horowitz LSV Fund I (10% owner) bought 46,337 shares of NAVN at $18.11 on 2026-01-07; stock now at $17.28, -14.8% from 52-week high.

Andreessen Horowitz LSV Fund I purchased 46,337 shares at $18.11, adding to a substantial existing position of 8.35M shares. The timing is notable: this buy occurred just one day after another purchase at the same entity and represents the fifth consecutive buy within a 12-day window (2025-12-26 through 2026-01-07). The stock has declined -14.8% from its 52-week high of $20.28, yet the fund continued accumulating during this pullback. However, the target company faces significant headwinds—a net loss of $-225.4M against revenue of $194.9M—which raises questions about whether this sustained buying reflects conviction in a turnaround or simply structured rebalancing by a large stakeholder. A cluster pattern with 3 other insiders buying within 14 days adds some validation to the appetite, though none of the prior same-ticker transactions at NAVN have measurable 30- or 90-day outcomes yet.

Andreessen Horowitz LSV Fund I bought 976,975 shares of NAVN over 3 days for $15.9M at blended average of $16.31

Andreessen Horowitz LSV Fund I, a 10% owner, executed 3 separate purchases totaling 976,975 shares for $15,938,867.11 between January 2–6, 2026, increasing its holding by 13.3% to 8,300,455 shares. The filing occurs during a period of positive near-term momentum: the stock has gained +21.5% over the past 30 days and is currently trading at $17.00, above the blended purchase average of $16.31. However, critical context tempers the signal: NAVN posted a net loss of $-225,389,000.00 against revenue of $194,934,000.00 in its latest quarter, and the company's market cap stands at only $778,308,807.00. The timing also merits caution—the company is executing five consecutive buy transactions at this ticker within 7 calendar days (December 22–January 6), a pattern that has not yet demonstrated measurable 90-day outcomes at NAVN, and the insider's broader cross-ticker track record shows a 16.67% well-timed sell rate (12 prior sells with only 2 well-timed), suggesting limited historical precision in market timing.

Andreessen Horowitz LSV Fund I bought 1,056,534 shares ($16.7M) in 5 trades Dec 22–29 at blended $15.83; fund now holds 7,323,480 shares post-transaction.

Andreessen Horowitz LSV Fund I executed 5 separate purchases totaling 1,056,534 shares for $16,723,633.14 across a one-week window (2025-12-22 through 2025-12-29), increasing its stake by +16.9% from 6,266,946 to 7,323,480 shares. The blended average purchase price of $15.83 sits below the current price of $16.50, though the stock is -18.6% from its 52-week high of $20.28. The purchase cluster coincides with 4 other insiders buying within the same 14-day period, establishing a coordinated pattern of insider accumulation. This multi-tranche acquisition by a 10% owner during a period of financial loss (latest quarter net income of $-225,389,000.00 against revenue of $194,934,000.00) warrants attention to the fund's underlying rationale, though the limited same-ticker trading history and unproven track record at NAVN (three prior buy-dates all within days of this filing, with no measurable outcomes yet) offer minimal historical context to assess execution quality or predictive value at this specific security.

Andreessen Horowitz LSV Fund I acquired 692,395 shares over 3 days (Dec 17–19) for $9.4M at blended avg $13.51; NAVN cluster buy pattern with 4 other insiders

Andreessen Horowitz LSV Fund I executed 3 separate purchases totaling 692,395 shares for $9,352,310.10 between December 17–19, 2025, increasing its holdings from 5,574,551 to 6,266,946 shares (+12.4%). The transactions were priced at $12.65, $13.61, and $14.70 respectively, establishing a blended average of $13.51, while the stock currently trades at $15.11 and stands 25.5% below its 52-week high of $20.28. The company reported revenue of $194,934,000.00 but posted a net loss of $225,389,000.00 in its latest quarter, with a market cap of $691,779,180.81. Critically, this purchase occurred amid a cluster pattern in which 4 other insiders also bought within the past 14 days, suggesting coordinated confidence at these price levels. The 3-transaction structure and multi-day execution across a widening price range indicate deliberate accumulation rather than a single discretionary commitment.

Andreessen Horowitz LSV Fund I sold entire IOT stake: 793,331 shares for $30,582,002.88 (9 sales) on 2025-09-09.

Andreessen Horowitz LSV Fund I executed 9 separate sales totaling 793,331 shares for $30,582,002.88, completely exiting its 10% ownership stake in Samsara on 2025-09-09 at blended average price of $38.55. The exit occurs with the stock trading -36.4% from its 52-week high of $60.96, despite a strong +19.2% 30-day rally. Samsara remains unprofitable with net income of $-16,800,000.00 in its most recent full fiscal year, though revenue grew +33.3% year-over-year at $391,480,000.00. At the same-ticker level, Andreessen Horowitz's prior 5 sales at IOT showed mixed timing, with only 2 of 5 well-timed at the 90-day mark, neither a consistent predictive signal. The complete liquidation of a major founder-investor stake warrants scrutiny into whether this reflects changed valuation views, portfolio reallocation, or capital requirements at the fund level.

Andreessen Horowitz LSV Fund I sells 399,026 shares of Samsara (IOT) in 10 transactions for $16,491,120.00

Andreessen Horowitz LSV Fund I, a 10% owner, executed 10 separate sales totaling 399,026 shares for $16,491,120.00 ($16.5M) on 2025-06-10, with a blended average price of $41.33. The sale reduces the fund's holdings to zero shares, though a FLAG indicates derivative securities holdings in Table II (not yet populated) may represent the fund's actual position; the transaction should be read as a conversion or exercise event rather than a complete exit. At Samsara's current price of $42.34, the stock trades 30.5% below its 52-week high of $60.96 and has declined 6.4% over the past 30 days. Of the fund's 5 prior trades at IOT, only 1 of 5 proved well-timed at the 90-day mark—with 4 recent March 2025 sales showing strong 90-day gains (+30.3% to +32.4%), suggesting the fund has historically sold before rallies in this name. Against a backdrop of 33.3% annual revenue growth but persistent unprofitability (company was loss-making in its most recent full fiscal year), the conversion event warrants tracking of whether the fund maintains material exposure through derivatives.

A10 LSV Fund I sells 292,931 shares for $10.0M at $34.19 avg; 5 prior IOT sales 100% well-timed; stock down 30.9% in 30d

Andreessen Horowitz LSV Fund I, L.P. executed 4 separate sales totaling 292,931 shares for $10,014,473.78 on 2025-03-10, with a blended average price of $34.19. This filing is material because of the seller's track record at this specific ticker: all 5 prior sales at IOT (December 2024) were well-timed at the 90-day mark, with negative 90-day returns ranging from -25.0% to -29.1%. The stock has declined 30.9% over the past 30 days and is currently 37.6% below its 52-week high, consistent with the insider's historical pattern of selling ahead of weakness. However, the DERIVATIVE-CONVERSION FLAG indicates that the 0 shares post-transaction may not represent the insider's true economic position; Table II derivative holdings are not yet populated in this analysis and require verification to assess the insider's full stake.

Andreessen Horowitz LSV Fund I sold 112,380 shares of Samsara at blended $45.92, reducing holdings to zero post-transaction

On 2024-12-10, Andreessen Horowitz LSV Fund I executed 8 separate sales totaling 112,380 shares for $5,160,514.77 at prices ranging from $45.40 to $48.05. This represents a full exit of the fund's open-market position in Samsara. However, the Fund flagged this as a derivative-conversion transaction, meaning Table II holdings (not yet populated in the database) may contain remaining derivative securities; this sale captures only the common stock portion. The timing—occurring when the stock trades -17.7% from its 52-week high and -11.6% over 30 days—raises questions about conviction, though prior sales at this ticker in September showed mixed 90-day results (only 1 of 5 well-timed). Samsara remains unprofitable with net income of $-37,806,000.00 on revenue growth of +43.6%, making valuation volatility a material driver.

Andreessen Horowitz LSV Fund I converts and sells 330,538 IOT shares ($14.9M); exits position entirely via 11 transactions.

Andreessen Horowitz LSV Fund I executed 11 separate sales on 2024-09-11 totaling 330,538 shares for $14,895,073.26 (blended average $45.06), reducing its stake to zero. The company is unprofitable with net income of $-49,610,000.00 on revenue of $300,202,000.00, though it posted strong annual revenue growth of +43.6%. This filing signals a derivative-conversion transaction; the fund's full position may include remaining derivative holdings not yet visible in the database, so this should be read as a significant reduction rather than a complete liquidation. At the transaction prices ($42.75–$45.94), the fund sold into a stock currently trading at $46.27 and up 16.2% over 30 days and 64.8% over 90 days. While the fund's prior five sales at IOT showed 30-day gains averaging +10.4% (2 sales with +30.1% and +26.2%; 3 with -6.3% to -10.1%), none were well-timed at the 90-day horizon, suggesting the fund has not historically exited IOT positions at opportune moments relative to subsequent price movement.