15,744 Samsara Inc. $IOT Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its position in shares of Samsara Inc. (NYSE:IOT) by 35.0% in the 3rd quarter, according to its most recent filing 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 and hedge funds have also made changes to their positions in IOT. Markowski Investments acquired a new stake in Samsara in the 2nd quarter valued at about $37,000. Parkside Financial Bank & Trust raised its position in Samsara by 91.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after acquiring an additional 656 shares during the last quarter. Anchor Investment Management LLC acquired a new position in Samsara during the second quarter worth about $46,000. CX Institutional acquired a new position in Samsara during the second quarter worth about $64,000. Finally, Westwind Capital purchased a new stake in shares of Samsara in the third quarter valued at about $64,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Samsara

In other Samsara news, insider John Bicket sold 158,427 shares of Samsara stock in a transaction that occurred on Tuesday, September 29th. The shares were 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 directly owned 51,600 shares of the company’s stock, valued at approximately $1,946,868. The trade was a 75.43% decrease in their position. The transaction was disclosed in a legal 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 158,402 shares of Samsara stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $37.74, for a total transaction of $5,978,091.48. Following the completion of the sale, the chief executive officer directly owned 51,600 shares of the company’s stock, valued at $1,947,384. The trade was a 75.43% 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 2,230,461 shares of company stock worth $88,183,681 in the last three months. Insiders own 35.13% of the company’s stock.

Samsara Trading Down 0.5%

Shares of IOT stock opened at $44.68 on Tuesday. The company has a market capitalization of $26.17 billion, a price-to-earnings ratio of 279.26, a PEG ratio of 11.03 and a beta of 1.35. The firm has a 50-day moving average price of $40.32 and a 200 day moving average price of $34.14. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $47.47.

Samsara (NYSE:IOT) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. The company had revenue of $508.44 million for the quarter, compared to analysts’ expectations of $483.29 million. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period last year, the company 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. As a group, research analysts predict that Samsara Inc. will post 0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on IOT shares. Guggenheim increased their price target on shares of Samsara from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, September 4th. BMO Capital Markets lifted their price objective on Samsara from $44.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Evercore reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Samsara in a research note on Friday, September 4th. Wall Street Zen raised Samsara from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. Finally, BNP Paribas Exane increased their target price on Samsara from $40.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.68.

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.