Samsara Inc. $IOT Position Increased by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. grew its holdings in Samsara Inc. (NYSE:IOT) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 471,593 shares of the company’s stock after buying an additional 33,438 shares during the quarter. Samsara accounts for approximately 1.7% of Capital Investment Services of America Inc.’s holdings, making the stock its 26th biggest holding. Capital Investment Services of America Inc.’s holdings in Samsara were worth $17,982,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rakuten Investment Management Inc. lifted its stake in Samsara by 15.7% during the third quarter. Rakuten Investment Management Inc. now owns 23,310 shares of the company’s stock worth $885,000 after purchasing an additional 3,171 shares during the period. Provenance Wealth Advisors LLC bought a new stake in shares of Samsara in the 3rd quarter worth about $258,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Samsara during the third quarter worth approximately $572,000. Gerber Kawasaki Wealth & Investment Management boosted its holdings in shares of Samsara by 5.9% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 21,278 shares of the company’s stock worth $811,000 after acquiring an additional 1,186 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its position in Samsara by 99.7% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,178 shares of the company’s stock worth $426,000 after acquiring an additional 5,580 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling at Samsara

In other news, insider Adam Eltoukhy sold 7,306 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $44.49, for a total value of $325,043.94. Following the completion of the transaction, the insider owned 381,854 shares of the company’s stock, valued at $16,988,684.46. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 40,875 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $41.57, for a total value of $1,699,173.75. Following the completion of the sale, the chief executive officer owned 461,835 shares of the company’s stock, valued at $19,198,480.95. The trade was a 8.13% 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 a total of 2,237,768 shares of company stock worth $91,043,012 in the last three months. Company insiders own 35.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IOT shares. Evercore restated an “outperform” rating and issued a $55.00 target price on shares of Samsara in a research note on Friday, September 4th. Craig Hallum reaffirmed a “buy” rating and issued a $54.00 target price on shares of Samsara in a research note on Friday, September 4th. Weiss Ratings raised Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. BNP Paribas Exane boosted their target price on Samsara from $40.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Finally, Guggenheim boosted their target price on Samsara from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $51.68.

Samsara Price Performance

Shares of NYSE IOT opened at $42.83 on Thursday. The business has a 50-day moving average of $40.71 and a 200-day moving average of $34.42. The stock has a market capitalization of $25.08 billion, a price-to-earnings ratio of 267.69, a PEG ratio of 10.10 and a beta of 1.33. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47.

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

About Samsara

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.