Samsara Inc. $IOT Stock Holdings Boosted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in Samsara Inc. (NYSE:IOT) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 666,778 shares of the company’s stock after purchasing an additional 32,122 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Samsara were worth $25,424,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Markowski Investments acquired a new stake in Samsara in the second quarter valued at approximately $37,000. Parkside Financial Bank & Trust grew its stake in shares of Samsara by 91.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after buying an additional 656 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Samsara during the second quarter worth $46,000. CX Institutional acquired a new position in shares of Samsara during the second quarter worth $64,000. Finally, Westwind Capital acquired a new position in shares of Samsara during the third quarter worth $64,000. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Evercore reiterated an “outperform” rating and issued a $55.00 price target on shares of Samsara in a research note on Friday, September 4th. Royal Bank Of Canada raised their price objective on Samsara from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, September 4th. Wall Street Zen upgraded Samsara from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. BNP Paribas Exane upped their target price on Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Finally, Bank of America upped their target price on Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.68.

Samsara Price Performance

NYSE:IOT opened at $41.01 on Friday. The firm’s 50 day simple moving average is $40.74 and its 200 day simple moving average is $34.45. Samsara Inc. has a one year low of $23.38 and a one year high of $47.47. The company has a market cap of $24.02 billion, a PE ratio of 256.33, a P/E/G ratio of 10.51 and a beta of 1.33.

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

Insiders Place Their Bets

In related news, CEO Sanjit Biswas sold 158,402 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $37.74, for a total value of $5,978,091.48. Following the sale, the chief executive officer 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. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 158,427 shares of the stock in a transaction on 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 sale, the insider owned 51,600 shares of the company’s stock, valued at $1,946,868. 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 quarter, insiders have sold 2,237,768 shares of company stock worth $91,043,012. 35.13% of the stock is owned by company 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.