Samsara Inc. $IOT Stake Increased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in shares of Samsara Inc. (NYSE:IOT) by 239.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,055 shares of the company’s stock after purchasing an additional 18,384 shares during the quarter. Vontobel Holding Ltd.’s holdings in Samsara were worth $993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IOT. Markowski Investments bought a new position in Samsara in the 2nd quarter worth approximately $37,000. Parkside Financial Bank & Trust grew its holdings in Samsara by 91.0% during 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 in the last quarter. Anchor Investment Management LLC bought a new stake in shares of Samsara during the second quarter valued at approximately $46,000. Westwind Capital bought a new stake in shares of Samsara during the third quarter valued at approximately $64,000. Finally, CX Institutional bought a new stake in shares of Samsara during the second quarter valued at approximately $64,000. Institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IOT shares. Guggenheim boosted their target price on shares of Samsara from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Wall Street Zen raised shares of Samsara from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. JPMorgan Chase & Co. raised their target price on shares of Samsara from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. KeyCorp lifted their price target on shares of Samsara from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Finally, Weiss Ratings upgraded shares of Samsara from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.68.

Samsara Trading Up 1.8%

IOT opened at $40.28 on Tuesday. The firm has a market cap of $23.59 billion, a P/E ratio of 251.76, a P/E/G ratio of 9.72 and a beta of 1.35. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47. The stock has a 50-day moving average of $39.96 and a 200 day moving average of $35.35.

Samsara (NYSE:IOT) last issued 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 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 in the previous year, the firm posted $0.12 earnings per share. 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. On average, research analysts forecast that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider John Bicket sold 158,427 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $37.73, for a total transaction of $5,977,450.71. Following the sale, the insider owned 51,600 shares in the company, valued at approximately $1,946,868. This represents a 75.43% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $37.74, for a total value of $5,978,091.48. Following the completion of the sale, the chief executive officer owned 51,600 shares of the company’s stock, valued at approximately $1,947,384. This represents a 75.43% 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. In the last quarter, insiders sold 2,355,979 shares of company stock valued at $92,434,362. Company insiders own 35.13% of the company’s stock.

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.