359,500 Shares in Samsara Inc. $IOT Purchased by Robeco Schweiz AG

Robeco Schweiz AG bought a new position in shares of Samsara Inc. (NYSE:IOT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 359,500 shares of the company’s stock, valued at approximately $13,708,000. Robeco Schweiz AG owned approximately 0.06% of Samsara at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IOT. Markowski Investments acquired a new stake in Samsara during the 2nd quarter valued at $37,000. Parkside Financial Bank & Trust boosted its position 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 last quarter. Anchor Investment Management LLC purchased a new position in Samsara in the 2nd quarter valued at about $46,000. CX Institutional purchased a new position in Samsara in the 2nd quarter valued at about $64,000. Finally, Westwind Capital acquired a new stake in shares of Samsara during the third quarter valued at about $64,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on IOT. BMO Capital Markets boosted their price target on Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Truist Financial increased their price target on Samsara from $38.00 to $48.00 and gave the company a “hold” rating in a report on Friday, September 4th. JPMorgan Chase & Co. raised their price objective on Samsara from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Morgan Stanley lifted their price objective on Samsara from $43.00 to $49.00 and gave the stock an “equal weight” rating in a report on Friday, September 4th. Finally, Bank of America lifted their price objective on Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.68.

Samsara Stock Up 2.6%

IOT opened at $44.94 on Friday. The company’s 50-day moving average price is $40.23 and its 200 day moving average price is $35.65. 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 $26.32 billion, a price-to-earnings ratio of 280.86, a price-to-earnings-growth ratio of 11.03 and a beta of 1.35.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, September 3rd. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. Samsara’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 earnings per share. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Research analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Benjamin Kirchhoff sold 770 shares of the business’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $39.79, for a total transaction of $30,638.30. Following the completion of the transaction, the chief accounting officer owned 148,151 shares in the company, valued at $5,894,928.29. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 65,402 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $42.27, for a total value of $2,764,542.54. Following the transaction, the chief executive officer owned 669,835 shares of the company’s stock, valued at $28,313,925.45. This represents a 8.90% 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. In the last 90 days, insiders have sold 2,234,114 shares of company stock valued at $88,311,353. Insiders own 35.13% of the company’s stock.

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.