359,500 Shares of Samsara Inc. $IOT Acquired by Robeco Schweiz AG

Robeco Schweiz AG purchased a new stake in Samsara Inc. (NYSE:IOT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 359,500 shares of the company’s stock, valued at approximately $13,708,000.

A number of other hedge funds also recently made changes to their positions in the business. Markowski Investments acquired a new position in shares of Samsara during the second quarter worth approximately $37,000. Parkside Financial Bank & Trust grew its holdings in Samsara by 91.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after buying an additional 656 shares in the last quarter. Anchor Investment Management LLC bought a new position in Samsara in the 2nd quarter worth approximately $46,000. CX Institutional bought a new position in Samsara in the 2nd quarter worth approximately $64,000. Finally, Westwind Capital bought a new position in Samsara in the 3rd quarter worth approximately $64,000. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank Of Canada lifted their target price on Samsara from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. BNP Paribas Exane boosted their price target on Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Piper Sandler reissued a “neutral” rating and issued a $46.00 price target (up from $40.00) on shares of Samsara in a research note on Friday, September 4th. Guggenheim raised their price target on Samsara from $45.00 to $51.00 and gave the company a “buy” rating in a report on Friday, September 4th. Finally, Evercore restated an “outperform” rating and set a $55.00 price objective on shares of Samsara in a research note 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 issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.68.

Samsara Price Performance

IOT opened at $44.94 on Friday. The company has a market capitalization 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 Inc. has a 1-year low of $23.38 and a 1-year high of $47.47. The business has a 50 day moving average price of $40.23 and a two-hundred day moving average price of $35.65.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The company had revenue of $508.44 million for the quarter, compared to analysts’ expectations of $483.29 million. During the same period last year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. 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 expect that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Insider Activity

In related news, insider John Bicket sold 65,209 shares of Samsara stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $42.27, for a total transaction of $2,756,384.43. Following the transaction, the insider directly owned 769,398 shares of the company’s stock, valued at $32,522,453.46. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 dated Thursday, October 15th. The stock was sold at an average price of $42.27, for a total transaction of $2,764,542.54. Following the completion of the sale, the chief executive officer owned 669,835 shares in the company, valued at approximately $28,313,925.45. This trade represents a 8.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,234,114 shares of company stock worth $88,311,353 over the last 90 days. 35.13% of the stock is currently owned by company insiders.

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.