Plato Investment Management Ltd Invests $637,000 in Samsara Inc. $IOT

Plato Investment Management Ltd purchased a new position in shares of Samsara Inc. (NYSE:IOT) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 19,764 shares of the company’s stock, valued at approximately $637,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IOT. Brighton Jones LLC acquired a new position in Samsara in the 4th quarter valued at $13,464,000. Royal Bank of Canada lifted its stake in shares of Samsara by 100.3% in the 1st quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock worth $3,686,000 after acquiring an additional 48,135 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Samsara by 2,444.6% in the 1st quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock worth $682,000 after acquiring an additional 17,088 shares during the period. Empowered Funds LLC boosted its holdings in shares of Samsara by 3.4% in the first quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock valued at $390,000 after acquiring an additional 335 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Samsara by 142.4% during the second quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock worth $2,739,000 after acquiring an additional 40,450 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Samsara

In related news, insider Adam Eltoukhy sold 3,653 shares of Samsara stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $34.95, for a total transaction of $127,672.35. Following the completion of the transaction, the insider directly owned 425,080 shares in the company, valued at $14,856,546. The trade was a 0.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 that occurred on Monday, August 3rd. The shares were sold at an average price of $37.62, for a total value of $440,530.20. Following the completion of the sale, the insider directly owned 836,100 shares in the company, valued at approximately $31,454,082. The trade was a 1.38% 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 4,471,294 shares of company stock valued at $154,055,223 over the last three months. Company insiders own 35.13% of the company’s stock.

Analyst Upgrades and Downgrades

IOT has been the subject of several analyst reports. Weiss Ratings raised shares of Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Morgan Stanley set a $43.00 price objective on Samsara in a report on Tuesday, July 21st. Zacks Research cut Samsara from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. KeyCorp reissued an “overweight” rating on shares of Samsara in a research note on Friday, June 26th. Finally, Wolfe Research reissued an “outperform” rating on shares of Samsara in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $45.78.

Samsara Stock Up 1.6%

Samsara stock opened at $39.61 on Wednesday. The firm has a market capitalization of $23.08 billion, a PE ratio of 396.15, a P/E/G ratio of 8.93 and a beta of 1.34. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The firm’s 50-day simple moving average is $35.71 and its 200 day simple moving average is $32.07.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The firm had revenue of $478.84 million during the quarter, compared to the consensus estimate of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, research analysts expect that Samsara Inc. will post 0.15 EPS for the current fiscal year.

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.