Eurizon Capital SGR S.p.A. bought a new position in shares of Samsara Inc. (NYSE:IOT – Free Report) in the fourth quarter, Holdings Channel.com reports. The fund bought 65,660 shares of the company’s stock, valued at approximately $2,329,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Optiver Holding B.V. boosted its position in shares of Samsara by 953.2% during the 3rd quarter. Optiver Holding B.V. now owns 1,169 shares of the company’s stock valued at $44,000 after acquiring an additional 1,058 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Samsara by 194.4% during the 3rd quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock valued at $47,000 after acquiring an additional 828 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of Samsara during the 4th quarter valued at about $76,000. Jones Financial Companies Lllp boosted its position in shares of Samsara by 73.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,216 shares of the company’s stock valued at $84,000 after acquiring an additional 939 shares during the last quarter. Finally, Quarry LP boosted its position in shares of Samsara by 95.1% during the 3rd quarter. Quarry LP now owns 2,528 shares of the company’s stock valued at $94,000 after acquiring an additional 1,232 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.
Insider Transactions at Samsara
In related news, insider Sanjit Biswas sold 31,081 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $31.21, for a total transaction of $970,038.01. Following the completion of the sale, the insider directly owned 307,056 shares of the company’s stock, valued at $9,583,217.76. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Benjamin Louis Kirchhoff sold 2,554 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $27.47, for a total value of $70,158.38. Following the sale, the chief accounting officer directly owned 111,704 shares of the company’s stock, valued at approximately $3,068,508.88. This represents a 2.24% 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. Insiders sold a total of 2,717,947 shares of company stock valued at $79,747,111 over the last ninety days. 35.13% of the stock is owned by insiders.
Samsara Stock Performance
Samsara (NYSE:IOT – Get Free Report) last released its earnings results on Thursday, March 5th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The firm had revenue of $444.30 million for the quarter, compared to analyst estimates of $422.29 million. Samsara had a negative net margin of 0.56% and a negative return on equity of 0.72%. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. Equities analysts forecast that Samsara Inc. will post 0.08 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on IOT shares. BMO Capital Markets boosted their price target on shares of Samsara from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Truist Financial decreased their target price on shares of Samsara from $39.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, February 17th. BTIG Research decreased their target price on shares of Samsara from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. TD Cowen reaffirmed a “buy” rating on shares of Samsara in a research report on Friday, May 22nd. Finally, The Goldman Sachs Group set a $45.00 target price on shares of Samsara in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.18.
Read Our Latest Analysis on IOT
Samsara Company Profile
Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.
The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.
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