PNC Financial Services Group Inc. Has $1.36 Million Stock Position in Samsara Inc. $IOT

PNC Financial Services Group Inc. boosted its holdings in Samsara Inc. (NYSE:IOT) by 55.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,969 shares of the company’s stock after purchasing an additional 15,409 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Samsara were worth $1,362,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IOT. Baillie Gifford & Co. boosted its holdings in shares of Samsara by 15.0% during the 4th quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock worth $1,689,565,000 after buying an additional 6,208,553 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Samsara by 11.5% in the 4th quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock valued at $1,174,620,000 after acquiring an additional 3,417,849 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Samsara by 58.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock valued at $421,079,000 after acquiring an additional 4,401,082 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Samsara by 42.1% during the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company’s stock valued at $397,536,000 after acquiring an additional 3,322,023 shares during the period. Finally, State Street Corp lifted its position in shares of Samsara by 15.8% during the 4th quarter. State Street Corp now owns 6,920,219 shares of the company’s stock valued at $245,322,000 after acquiring an additional 944,485 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Benjamin Louis Kirchhoff sold 960 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $37.70, for a total value of $36,192.00. Following the transaction, the chief accounting officer owned 162,800 shares in the company, valued at $6,137,560. This trade represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Eltoukhy sold 3,653 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $34.95, for a total value of $127,672.35. Following the sale, the insider owned 425,080 shares of the company’s stock, valued at $14,856,546. This trade represents a 0.85% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 4,449,703 shares of company stock valued at $147,811,957. 35.13% of the stock is owned by company insiders.

Samsara Trading Down 7.4%

Samsara stock opened at $35.89 on Friday. The firm has a market capitalization of $20.91 billion, a price-to-earnings ratio of 358.96, a price-to-earnings-growth ratio of 8.70 and a beta of 1.35. The firm’s fifty day moving average price is $34.29 and its two-hundred day moving average price is $31.48. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, June 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The company had revenue of $478.84 million during the quarter, compared to the consensus estimate of $455.21 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, research analysts forecast that Samsara Inc. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Royal Bank Of Canada raised their price target on shares of Samsara from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Weiss Ratings raised shares of Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. Piper Sandler reissued an “overweight” rating and set a $40.00 price objective (up from $39.00) on shares of Samsara in a research report on Friday, June 5th. Jefferies Financial Group raised Samsara to a “buy” rating in a research report on Thursday, June 11th. Finally, Wells Fargo & Company increased their price target on Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Samsara presently has a consensus rating of “Moderate Buy” and an average price target of $45.33.

Samsara Company Profile

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.