Sumitomo Mitsui DS Asset Management Company Ltd Buys 15,393 Shares of Samsara Inc. $IOT

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Samsara Inc. (NYSE:IOT) by 54.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,817 shares of the company’s stock after purchasing an additional 15,393 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Samsara were worth $1,671,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its holdings in Samsara by 157.0% in the third quarter. IFP Advisors Inc now owns 9,224 shares of the company’s stock worth $352,000 after purchasing an additional 5,635 shares during the last quarter. Vontobel Holding Ltd. grew its position in Samsara by 239.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 26,055 shares of the company’s stock worth $993,000 after purchasing an additional 18,384 shares during the period. Hanson & Doremus Investment Management grew its position in Samsara by 1.2% in the 3rd quarter. Hanson & Doremus Investment Management now owns 73,543 shares of the company’s stock worth $2,804,000 after purchasing an additional 868 shares during the period. Seelaus Asset Management LLC grew its position in Samsara by 15.3% in the 3rd quarter. Seelaus Asset Management LLC now owns 18,909 shares of the company’s stock worth $721,000 after purchasing an additional 2,514 shares during the period. Finally, Avior Wealth Management LLC raised its stake in Samsara by 12.8% during the 3rd quarter. Avior Wealth Management LLC now owns 18,005 shares of the company’s stock valued at $687,000 after buying an additional 2,049 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Insider Activity

In other news, CAO Benjamin Kirchhoff sold 770 shares of the firm’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $39.79, for a total transaction of $30,638.30. Following the sale, the chief accounting officer directly owned 148,151 shares in the company, valued at $5,894,928.29. This trade represents a 0.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 65,209 shares of Samsara stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $42.27, for a total transaction of $2,756,384.43. Following the transaction, the insider owned 769,398 shares in the company, valued at approximately $32,522,453.46. This trade represents a 7.81% 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 have sold 2,234,114 shares of company stock worth $88,311,353 in the last three months. Company insiders own 35.13% of the company’s stock.

Analyst Ratings Changes

IOT has been the topic of several research analyst reports. Bank of America increased their price target on Samsara from $47.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 4th. Cantor Fitzgerald initiated coverage on Samsara in a research note on Monday, September 14th. They issued an “overweight” rating and a $45.00 price target on the stock. Truist Financial lifted their price objective on Samsara from $38.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, September 4th. BNP Paribas Exane lifted their price objective on Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Finally, Royal Bank Of Canada upped their price objective on Samsara from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Two equities 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $51.68.

Samsara Trading Up 2.6%

Samsara stock opened at $44.94 on Friday. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $47.47. The firm has a market capitalization of $26.32 billion, a price-to-earnings ratio of 280.86, a P/E/G ratio of 10.75 and a beta of 1.35. The firm has a 50 day moving average of $40.23 and a 200 day moving average of $35.65.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share 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 business had revenue of $508.44 million for the quarter, compared to the consensus estimate of $483.29 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The company’s revenue for the quarter 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. On average, analysts predict that Samsara Inc. will post 0.13 EPS for the current year.

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.