SEB Asset Management AB Makes New Investment in Samsara Inc. $IOT

SEB Asset Management AB purchased a new position in shares of Samsara Inc. (NYSE:IOT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 89,093 shares of the company’s stock, valued at approximately $2,823,000.

Other institutional investors and hedge funds have also modified their holdings of the company. USS Investment Management Ltd bought a new position in shares of Samsara in the first quarter worth about $28,232,000. Allen Operations LLC boosted its stake in Samsara by 83.3% during the 4th quarter. Allen Operations LLC now owns 66,020 shares of the company’s stock valued at $2,340,000 after purchasing an additional 30,000 shares during the period. Geode Capital Management LLC grew its holdings in Samsara by 17.8% in the 4th quarter. Geode Capital Management LLC now owns 6,196,703 shares of the company’s stock valued at $219,035,000 after buying an additional 935,855 shares during the last quarter. Jordan Park Trust Co LLC grew its holdings in Samsara by 54.1% in the 4th quarter. Jordan Park Trust Co LLC now owns 3,833,929 shares of the company’s stock valued at $135,913,000 after buying an additional 1,346,628 shares during the last quarter. Finally, GC Wealth Management RIA LLC increased its position in Samsara by 7.0% in the 4th quarter. GC Wealth Management RIA LLC now owns 1,091,876 shares of the company’s stock worth $38,707,000 after buying an additional 71,474 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Price Performance

Samsara stock opened at $31.58 on Friday. The firm has a market capitalization of $18.40 billion, a P/E ratio of 315.84, a P/E/G ratio of 7.81 and a beta of 1.35. The stock has a fifty day moving average price of $33.71 and a two-hundred day moving average price of $31.42. Samsara Inc. has a 52-week low of $23.38 and a 52-week high of $47.47.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, June 4th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The company had revenue of $478.84 million for the quarter, compared to the consensus estimate of $455.21 million. During the same quarter in the previous year, the company earned $0.11 EPS. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. On average, equities research analysts predict that Samsara Inc. will post 0.15 EPS for the current fiscal year.

Insider Activity at Samsara

In other news, CEO Sanjit Biswas sold 244,805 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $36.77, for a total transaction of $9,001,479.85. Following the completion of the sale, the chief executive officer owned 94,000 shares of the company’s stock, valued at approximately $3,456,380. This trade represents a 72.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc L. Andreessen sold 613,660 shares of Samsara stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $32.27, for a total transaction of $19,802,808.20. Following the completion of the transaction, the director owned 2,256,487 shares of the company’s stock, valued at $72,816,835.49. This trade represents a 21.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,464,637 shares of company stock valued at $144,511,167 in the last ninety days. Insiders own 35.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on IOT shares. Guggenheim initiated coverage on Samsara in a report on Wednesday. They set a “buy” rating and a $45.00 price target for the company. TD Cowen restated a “buy” rating and issued a $45.00 price objective on shares of Samsara in a research note on Thursday, June 25th. Royal Bank Of Canada boosted their target price on shares of Samsara from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Wells Fargo & Company upped their target price on shares of Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Finally, KeyCorp reissued an “overweight” rating on shares of Samsara in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.33.

About Samsara

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.