Samsara Inc. $IOT Stock Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its stake in shares of Samsara Inc. (NYSE:IOT) by 26.0% in the third quarter, Holdings Channel.com reports. The fund owned 2,660,574 shares of the company’s stock after acquiring an additional 548,698 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Samsara were worth $101,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Markowski Investments bought a new stake in Samsara in the second quarter valued at approximately $37,000. Parkside Financial Bank & Trust raised its holdings in Samsara by 91.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after purchasing an additional 656 shares during the last quarter. Anchor Investment Management LLC bought a new position in Samsara during the 2nd quarter worth approximately $46,000. Westwind Capital bought a new position in Samsara during the 3rd quarter worth approximately $64,000. Finally, CX Institutional acquired a new position in shares of Samsara in the 2nd quarter worth approximately $64,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Samsara Trading Up 0.1%

IOT opened at $41.02 on Monday. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47. The company has a market cap of $24.02 billion, a P/E ratio of 256.36, a price-to-earnings-growth ratio of 10.06 and a beta of 1.33. The company has a fifty day moving average price of $40.72 and a two-hundred day moving average price of $34.50.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The company had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. During the same period last year, the business posted $0.12 EPS. 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, research analysts forecast that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective 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. Jefferies Financial Group began coverage on shares of Samsara in a report on Sunday, October 4th. They issued a “buy” rating and a $50.00 target price on the stock. Morgan Stanley upped their price target on shares of Samsara from $43.00 to $49.00 and gave the company an “equal weight” rating in a research report on Friday, September 4th. BMO Capital Markets upped their price target on shares of Samsara from $44.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Finally, Cantor Fitzgerald began coverage on Samsara in a 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 issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Samsara currently has an average rating of “Moderate Buy” and an average target price of $51.68.

Insider Buying and Selling

In related news, insider Dominic Phillips sold 11,710 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $41.47, for a total value of $485,613.70. Following the completion of the sale, the insider directly owned 742,052 shares of the company’s stock, valued at approximately $30,772,896.44. This represents a 1.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 40,875 shares of the business’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $41.57, for a total transaction of $1,699,173.75. Following the transaction, the chief executive officer owned 461,835 shares in the company, valued at approximately $19,198,480.95. This trade represents a 8.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,237,768 shares of company stock worth $91,043,012 over the last ninety days. Insiders own 35.13% of the company’s stock.

About Samsara

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.

Founded in 2015 by Sanjit Biswas and John Bicket, Samsara is headquartered in San Francisco.