486,814 Shares of Samsara Inc. $IOT Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC purchased a new stake in Samsara Inc. (NYSE:IOT) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 486,814 shares of the company’s stock, valued at approximately $19,492,000.

Several other large investors have also recently made changes to their positions in the company. Spyglass Capital Management LLC lifted its stake in shares of Samsara by 25.5% in the 1st quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock valued at $93,379,000 after purchasing an additional 599,651 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Samsara during the second quarter worth approximately $4,860,000. Tidal Investments LLC boosted its stake in Samsara by 347.6% in the second quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock valued at $2,339,000 after acquiring an additional 56,016 shares in the last quarter. Fifth Third Bancorp boosted its stake in Samsara by 226.3% during the 1st quarter. Fifth Third Bancorp now owns 54,335 shares of the company’s stock worth $1,722,000 after purchasing an additional 37,683 shares during the period. Finally, Congress Asset Management Co. grew its position in Samsara by 3.5% in the 3rd quarter. Congress Asset Management Co. now owns 844,722 shares of the company’s stock valued at $32,209,000 after buying an additional 28,507 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider John Bicket sold 158,427 shares of the stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $37.73, for a total value of $5,977,450.71. Following the completion of the transaction, the insider owned 51,600 shares in the company, valued at $1,946,868. This represents a 75.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 158,402 shares of the company’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $37.74, for a total transaction of $5,978,091.48. Following the completion of the sale, the chief executive officer directly owned 51,600 shares of the company’s stock, valued at $1,947,384. The trade was a 75.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 2,707,814 shares of company stock valued at $110,603,740. 35.13% of the stock is owned by insiders.

Samsara Stock Performance

Shares of NYSE IOT opened at $41.38 on Friday. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47. The stock’s 50-day simple moving average is $40.96 and its 200-day simple moving average is $34.75. The firm has a market cap of $24.23 billion, a price-to-earnings ratio of 258.62, a PEG ratio of 10.15 and a beta of 1.33.

Samsara (NYSE:IOT) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 earnings per share. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. As a group, research analysts predict that Samsara Inc. will post 0.13 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on IOT shares. Bank of America upped their target price on shares of Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Evercore restated an “outperform” rating and issued a $55.00 price target on shares of Samsara in a report on Friday, September 4th. Jefferies Financial Group began coverage on Samsara in a research note on Sunday, October 4th. They issued a “buy” rating and a $50.00 price objective for the company. BMO Capital Markets increased their target price on Samsara from $44.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, September 4th. Finally, Cantor Fitzgerald began coverage on Samsara in a research report on Monday, September 14th. They set an “overweight” rating and a $45.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.68.

More Samsara News

These are some of the IOT news items that stood out recently:

• Positive Sentiment: Samsara launched what it describes as an industry-first 360-degree camera designed for open-cab equipment. The launch could broaden its equipment-monitoring offerings and appeal to customers operating in additional work environments. Samsara launches 360-degree camera article
• Negative Sentiment: CEO Sanjit Biswas and insider John Bicket reported selling shares in transactions from Nov. 10–12, totaling roughly 470,000 shares based on the reported amounts. The sales could concern investors, though both were executed under pre-arranged Rule 10b5-1 plans, tempering the signal. John Bicket SEC filing Sanjit Biswas SEC filing

Samsara Company Profile

Samsara Inc. is a technology company that provides a cloud-based platform for managing connected operations. Its platform combines Internet of Things (IoT) devices, software and data analytics to help organizations monitor vehicles, equipment, worksites and other physical assets. The company’s products include vehicle telematics, fleet management tools, AI-enabled dash cameras, equipment monitoring and software for routing, driver safety and operational workflows. Its customers span industries such as transportation, construction, field services, manufacturing and the public sector.