Samsara Inc. $IOT Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its holdings in shares of Samsara Inc. (NYSE:IOT) by 30,382.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,007 shares of the company’s stock after acquiring an additional 31,902 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Samsara were worth $1,215,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IOT. Markowski Investments acquired a new stake in Samsara during the 2nd quarter valued at $37,000. Parkside Financial Bank & Trust increased its holdings in shares of Samsara by 91.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock valued at $45,000 after purchasing an additional 656 shares during the last quarter. Anchor Investment Management LLC acquired a new position in shares of Samsara in the second quarter valued at $46,000. CX Institutional bought a new position in shares of Samsara in the second quarter valued at about $64,000. Finally, Westwind Capital bought a new position in shares of Samsara in the third quarter valued at about $64,000. Institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling

In other news, insider John Bicket sold 42,507 shares of the business’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $41.58, for a total value of $1,767,441.06. Following the completion of the sale, the insider owned 561,398 shares of the company’s stock, valued at approximately $23,342,928.84. The trade was a 7.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Dominic Phillips sold 11,710 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $41.47, for a total transaction of $485,613.70. Following the completion of the transaction, the insider owned 742,052 shares in the company, valued at $30,772,896.44. This trade represents a 1.55% 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 have sold a total of 2,237,768 shares of company stock valued at $91,043,012 in the last 90 days. 35.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

IOT has been the subject of a number of research reports. Piper Sandler restated a “neutral” rating and set a $46.00 target price (up from $40.00) on shares of Samsara in a research note on Friday, September 4th. JPMorgan Chase & Co. upped their price target on shares of Samsara from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Guggenheim upped their price target on shares of Samsara from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Morgan Stanley increased their price target on shares of Samsara from $43.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, September 4th. Finally, Wells Fargo & Company raised their price objective on shares of Samsara from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Two 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.68.

Samsara Price Performance

IOT opened at $42.24 on Thursday. The business has a fifty day simple moving average of $40.82 and a 200 day simple moving average of $34.65. The company has a market capitalization of $24.74 billion, a PE ratio of 264.02, a price-to-earnings-growth ratio of 10.18 and a beta of 1.33. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. The firm had revenue of $508.44 million for the quarter, compared to analysts’ expectations of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 EPS. 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 fiscal year.

About Samsara

Samsara Inc. is a technology company that provides a cloud-based platform for managing connected operations. Its platform combines Internet of Things (IoT) devices, software and data analytics to help organizations monitor vehicles, equipment, worksites and other physical assets. The company’s products include vehicle telematics, fleet management tools, AI-enabled dash cameras, equipment monitoring and software for routing, driver safety and operational workflows. Its customers span industries such as transportation, construction, field services, manufacturing and the public sector.