Samsara Inc. $IOT Stake Raised by Royal Fund Management LLC

Royal Fund Management LLC boosted its holdings in shares of Samsara Inc. (NYSE:IOT) by 34.2% during the third quarter, Holdings Channel.com reports. The firm owned 114,500 shares of the company’s stock after acquiring an additional 29,200 shares during the period. Royal Fund Management LLC’s holdings in Samsara were worth $4,366,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Sowell Financial Services LLC bought a new stake in shares of Samsara in the 3rd quarter worth about $202,000. Capstone Capital Management Ltd bought a new stake in shares of Samsara during the 3rd quarter worth approximately $386,000. Diversify Advisory Services LLC lifted its position in shares of Samsara by 58.2% during the third quarter. Diversify Advisory Services LLC now owns 68,450 shares of the company’s stock worth $2,610,000 after purchasing an additional 25,182 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Samsara by 54.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,817 shares of the company’s stock valued at $1,671,000 after buying an additional 15,393 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in Samsara by 157.0% in the 3rd quarter. IFP Advisors Inc now owns 9,224 shares of the company’s stock valued at $352,000 after buying an additional 5,635 shares during the period. Institutional investors own 96.02% of the company’s stock.

Samsara Price Performance

IOT stock opened at $43.74 on Friday. The business has a 50-day moving average price of $40.13 and a 200 day moving average price of $35.59. The company has a market capitalization of $25.62 billion, a P/E ratio of 273.40, a PEG ratio of 10.62 and a beta of 1.35. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47.

Samsara (NYSE:IOT) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $483.29 million. During the same period in the prior year, the firm earned $0.12 earnings per share. The firm’s revenue for the quarter 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, analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on IOT. Cantor Fitzgerald started coverage on shares of Samsara in a research note on Monday, September 14th. They issued an “overweight” rating and a $45.00 target price on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $46.00 price target (up from $40.00) on shares of Samsara in a research note on Friday, September 4th. BMO Capital Markets boosted their price target on Samsara from $44.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, September 4th. Evercore reissued an “outperform” rating and issued a $55.00 price objective on shares of Samsara in a research note on Friday, September 4th. Finally, Jefferies Financial Group initiated coverage on Samsara in a report on Sunday, October 4th. They set a “buy” rating and a $50.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Samsara currently has an average rating of “Moderate Buy” and an average target price of $51.68.

Insider Activity

In other news, CAO Benjamin Kirchhoff sold 770 shares of the company’s stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $39.79, for a total value of $30,638.30. Following the completion of the sale, the chief accounting officer owned 148,151 shares of the company’s stock, valued at approximately $5,894,928.29. This represents a 0.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 65,402 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $42.27, for a total transaction of $2,764,542.54. Following the transaction, the chief executive officer owned 669,835 shares in the company, valued at approximately $28,313,925.45. This represents a 8.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 2,234,114 shares of company stock worth $88,311,353. 35.13% of the stock is currently owned by corporate insiders.

Samsara Profile

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

The company’s products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.