PNC Financial Services Group Inc. Increases Position in Samsara Inc. $IOT

PNC Financial Services Group Inc. increased its holdings in Samsara Inc. (NYSE:IOT) by 55.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 42,969 shares of the company’s stock after buying an additional 15,409 shares during the period. PNC Financial Services Group Inc.’s holdings in Samsara were worth $1,362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of IOT. Brighton Jones LLC purchased a new position in Samsara in the fourth quarter worth $13,464,000. Royal Bank of Canada increased its position in shares of Samsara by 100.3% during the 1st quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock valued at $3,686,000 after purchasing an additional 48,135 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Samsara by 2,444.6% during the 1st quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock valued at $682,000 after purchasing an additional 17,088 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Samsara by 3.4% during the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after purchasing an additional 335 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Samsara by 142.4% during the 2nd quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock worth $2,739,000 after purchasing an additional 40,450 shares during the period. 96.02% of the stock is 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 the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $34.95, for a total value of $127,672.35. Following the completion of the transaction, the insider directly owned 425,080 shares of the company’s stock, valued at approximately $14,856,546. This trade represents a 0.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 61,283 shares of Samsara stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $33.87, for a total transaction of $2,075,655.21. Following the completion of the transaction, the chief executive officer owned 1,351,671 shares of the company’s stock, valued at $45,781,096.77. This represents a 4.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 4,449,703 shares of company stock worth $147,811,957. 35.13% of the stock is currently owned by company insiders.

Samsara Stock Performance

Shares of IOT opened at $35.89 on Friday. The business has a 50-day moving average of $34.29 and a 200 day moving average of $31.48. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47. The firm has a market cap of $20.91 billion, a P/E ratio of 358.96, a price-to-earnings-growth ratio of 8.70 and a beta of 1.35.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $478.84 million for 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 company’s revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. As a group, research analysts predict that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on IOT shares. Wolfe Research restated an “outperform” rating on shares of Samsara in a research report on Thursday, June 11th. Guggenheim assumed coverage on shares of Samsara in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $45.00 price objective on the stock. Royal Bank Of Canada boosted their target price on shares of Samsara from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Wells Fargo & Company increased their target price on shares of Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Finally, TD Cowen restated a “buy” rating and set a $45.00 price target on shares of Samsara in a research note on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.33.

Samsara 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.