Samsara Inc. $IOT Stock Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its holdings in Samsara Inc. (NYSE:IOT – Free Report) by 239.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 26,055 shares of the company’s stock after buying an additional 18,384 shares during the period. Vontobel Holding Ltd.’s holdings in Samsara were worth $993,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in shares of Samsara by 9.6% in the second quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company’s stock worth $302,494,000 after purchasing an additional 813,922 shares during the last quarter. Spyglass Capital Management LLC increased its stake in Samsara by 4.7% in the 2nd quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company’s stock worth $100,068,000 after buying an additional 139,009 shares during the period. Bank of America Corp DE increased its stake in Samsara by 41.5% in the 1st quarter. Bank of America Corp DE now owns 2,710,202 shares of the company’s stock worth $85,886,000 after buying an additional 794,255 shares during the period. Bessemer Group Inc. lifted its holdings in Samsara by 3.3% during the 1st quarter. Bessemer Group Inc. now owns 1,675,509 shares of the company’s stock valued at $53,097,000 after buying an additional 53,576 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Samsara by 64.3% during the 1st quarter. First Trust Advisors LP now owns 1,494,291 shares of the company’s stock valued at $47,354,000 after buying an additional 584,854 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Samsara

In other news, insider John Bicket sold 158,427 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was 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. This trade represents a 75.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 158,402 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $37.74, for a total value of $5,978,091.48. Following the completion of the sale, the chief executive officer directly owned 51,600 shares of the company’s stock, valued at $1,947,384. The trade was a 75.43% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,355,979 shares of company stock worth $92,434,362 over the last ninety days. Corporate insiders own 35.13% of the company’s stock.

Samsara Stock Up 1.8%

Shares of Samsara stock opened at $40.28 on Tuesday. The company has a market cap of $23.59 billion, a P/E ratio of 251.76, a PEG ratio of 9.72 and a beta of 1.35. The firm’s 50 day moving average price is $39.96 and its 200-day moving average price is $35.35. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on IOT shares. Wall Street Zen raised shares of Samsara from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. BMO Capital Markets raised their target price on shares of Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Weiss Ratings raised shares of Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. TD Cowen lifted their price target on shares of Samsara from $48.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Finally, Truist Financial boosted their price target on Samsara from $38.00 to $48.00 and gave the company a “hold” rating in a report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $51.68.

Get Our Latest Report on IOT

Samsara Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding IOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Samsara Inc. (NYSE:IOT – Free Report).

Institutional Ownership by Quarter for Samsara (NYSE:IOT)

Receive News & Ratings for Samsara Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Samsara and related companies with MarketBeat.com's FREE daily email newsletter.