Bank of Montreal Can Raises Stock Position in Samsara Inc. $IOT

Bank of Montreal Can lifted its holdings in Samsara Inc. (NYSE:IOT) by 552.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 106,239 shares of the company’s stock after buying an additional 89,946 shares during the period. Bank of Montreal Can’s holdings in Samsara were worth $4,226,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Keystone Financial Group Inc. grew its position in Samsara by 300.0% in the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company’s stock worth $25,000 after acquiring an additional 450 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Samsara in the 2nd quarter valued at approximately $28,000. CWM LLC boosted its holdings in shares of Samsara by 385.3% in the 1st quarter. CWM LLC now owns 1,053 shares of the company’s stock worth $40,000 after purchasing an additional 836 shares during the period. AlphaQuest LLC boosted its holdings in shares of Samsara by 519.6% in the 1st quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock worth $40,000 after purchasing an additional 873 shares during the period. Finally, Family Legacy Financial Solutions LLC bought a new position in shares of Samsara during the 2nd quarter valued at approximately $40,000. Institutional investors own 96.02% of the company’s stock.

Samsara Trading Up 0.2%

NYSE IOT opened at $39.92 on Wednesday. The stock has a market cap of $22.90 billion, a PE ratio of -249.50 and a beta of 1.61. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90. The company’s 50-day moving average price is $38.75 and its 200-day moving average price is $39.43.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $391.48 million during the quarter, compared to analyst estimates of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. As a group, sell-side analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on IOT. Evercore ISI set a $50.00 price objective on shares of Samsara and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Piper Sandler raised their target price on shares of Samsara from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Wall Street Zen cut shares of Samsara from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. BMO Capital Markets reduced their price objective on shares of Samsara from $54.00 to $47.00 and set an “outperform” rating on the stock in a research report on Friday, September 5th. Finally, Craig Hallum upgraded Samsara from a “hold” rating to a “buy” rating and boosted their target price for the company from $42.00 to $48.00 in a research report on Friday, September 5th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $49.55.

Insider Activity at Samsara

In other Samsara news, insider John Bicket sold 20,723 shares of Samsara stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $38.52, for a total transaction of $798,249.96. Following the completion of the sale, the insider directly owned 492,173 shares of the company’s stock, valued at $18,958,503.96. The trade was a 4.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dominic Phillips sold 18,348 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $40.39, for a total value of $741,075.72. Following the completion of the sale, the insider owned 683,425 shares of the company’s stock, valued at $27,603,535.75. This represents a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,747,711 shares of company stock worth $141,867,401. Insiders own 46.49% of the company’s stock.

Samsara Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.