Samsara Inc. $IOT Stock Sold by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC lessened its holdings in shares of Samsara Inc. (NYSE:IOT) by 11.8% in the third quarter, Holdings Channel.com reports. The firm owned 734,237 shares of the company’s stock after selling 97,976 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Samsara were worth $27,996,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. USS Investment Management Ltd purchased a new position in shares of Samsara during the 1st quarter valued at approximately $28,232,000. Spyglass Capital Management LLC grew its position in shares of Samsara by 25.5% during the first quarter. Spyglass Capital Management LLC now owns 2,946,646 shares of the company’s stock worth $93,379,000 after buying an additional 599,651 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Samsara in the second quarter worth $4,860,000. Tidal Investments LLC increased its stake in shares of Samsara by 347.6% in the second quarter. Tidal Investments LLC now owns 72,129 shares of the company’s stock worth $2,339,000 after buying an additional 56,016 shares during the last quarter. Finally, Fieldview Capital Management LLC acquired a new stake in Samsara in the fourth quarter valued at $1,604,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Trading Up 1.8%

Samsara stock traded up $0.75 during mid-day trading on Thursday, reaching $41.26. The company’s stock had a trading volume of 5,372,627 shares, compared to its average volume of 6,880,026. The firm has a market cap of $24.16 billion, a price-to-earnings ratio of 257.86, a PEG ratio of 10.25 and a beta of 1.35. The business has a 50 day moving average price of $39.52 and a 200-day moving average price of $34.83. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47.

Samsara (NYSE:IOT) last issued its 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. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The company had revenue of $508.44 million for the quarter, compared to analysts’ expectations of $483.29 million. During the same period in the prior year, the company earned $0.12 earnings per share. The firm’s revenue was up 29.9% compared to the same quarter last year. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. On average, equities analysts expect that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Samsara

In other news, CAO Benjamin Kirchhoff sold 770 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $40.42, for a total transaction of $31,123.40. Following the completion of the transaction, the chief accounting officer directly owned 151,086 shares of the company’s stock, valued at approximately $6,106,896.12. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 20,523 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $38.83, for a total value of $796,908.09. Following the completion of the sale, the insider directly owned 977,398 shares in the company, valued at approximately $37,952,364.34. This trade represents a 2.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 2,232,139 shares of company stock worth $85,296,592. 35.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IOT. Wall Street Zen upgraded shares of Samsara from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. Bank of America boosted 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. JPMorgan Chase & Co. increased their price target on shares of Samsara from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Weiss Ratings downgraded Samsara from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, September 9th. Finally, Jefferies Financial Group initiated coverage on Samsara in a report on Sunday. They issued a “buy” rating and a $50.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Samsara has an average rating of “Moderate Buy” and a consensus price target of $51.68.

Samsara Profile

Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.