Samsara Inc. $IOT Stock: Sterling Capital Management LLC Decreases Holdings

Sterling Capital Management LLC lowered its stake in shares of Samsara Inc. (NYSE:IOT) by 35.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,285 shares of the company’s stock after selling 15,744 shares during the quarter. Sterling Capital Management LLC’s holdings in Samsara were worth $1,117,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in IOT. Markowski Investments purchased a new position in Samsara in the 2nd quarter valued at $37,000. Parkside Financial Bank & Trust increased its stake in Samsara by 91.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock valued at $45,000 after buying an additional 656 shares during the period. Anchor Investment Management LLC purchased a new position in Samsara during the 2nd quarter worth $46,000. Westwind Capital purchased a new position in Samsara during the 3rd quarter worth $64,000. Finally, CX Institutional acquired a new stake in shares of Samsara in the 2nd quarter worth $64,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Stock Down 0.5%

NYSE:IOT opened at $44.68 on Tuesday. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47. The stock has a market cap of $26.17 billion, a PE ratio of 279.26, a price-to-earnings-growth ratio of 11.03 and a beta of 1.35. The firm’s fifty day simple moving average is $40.32 and its 200-day simple moving average is $34.14.

Samsara (NYSE:IOT) last announced its quarterly earnings data 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 net margin of 4.90% and a return on equity of 4.13%. The firm had revenue of $508.44 million during the quarter, compared to analysts’ expectations of $483.29 million. During the same quarter last year, the business earned $0.12 earnings per share. The business’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. Equities analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IOT. JPMorgan Chase & Co. boosted their price target on shares of Samsara from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. TD Cowen raised their price objective on shares of Samsara from $48.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Bank of America lifted their price objective on Samsara from $47.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 4th. BNP Paribas Exane boosted their target price on Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Finally, Evercore reiterated an “outperform” rating and set a $55.00 target price on shares of Samsara in a research report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.68.

Insider Transactions at Samsara

In related news, CEO Sanjit Biswas sold 158,402 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 51,600 shares in the company, valued at $1,947,384. This represents a 75.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 158,427 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $1,946,868. This represents a 75.43% decrease in their position. 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. Over the last ninety days, insiders sold 2,230,461 shares of company stock valued at $88,183,681. 35.13% of the stock is currently owned by corporate insiders.

Samsara Company 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.