109,791 Shares in Samsara Inc. $IOT Purchased by Nykredit A S

Key Points

• Nykredit A S acquired 109,791 Samsara shares in the second quarter, worth approximately $3.56 million. Institutional investors collectively own 96.02% of the company.
• Samsara’s latest quarterly results exceeded expectations, with EPS of $0.20 versus the $0.16 consensus and revenue of $508.44 million, up 29.9% year over year.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a $52.05 price target, though insiders sold 2.23 million shares worth $84.3 million over the past 90 days.

Nykredit A S acquired a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 109,791 shares of the company's stock, valued at approximately $3,561,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Markowski Investments bought a new stake in shares of Samsara during the 2nd quarter worth $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 valued at $45,000 after purchasing an additional 656 shares in the last quarter. CX Institutional bought a new stake in Samsara during the second quarter worth about $64,000. Leonteq Securities AG bought a new stake in Samsara during the fourth quarter worth about $76,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Samsara by 444.3% in the 1st quarter. International Assets Investment Management LLC now owns 2,961 shares of the company's stock worth $94,000 after purchasing an additional 2,417 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Transactions at Samsara

In related news, insider Dominic Phillips sold 11,710 shares of the business's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $44.25, for a total transaction of $518,167.50. Following the sale, the insider owned 836,100 shares of the company's stock, valued at $36,997,425. The trade was a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Chadwick sold 10,000 shares of the company's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $42.09, for a total transaction of $420,900.00. Following the completion of the sale, the director owned 51,666 shares in the company, valued at approximately $2,174,621.94. This trade represents a 16.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 2,230,527 shares of company stock worth $84,313,415. 35.13% of the stock is owned by insiders.

Samsara Stock Up 0.8%

IOT opened at $38.34 on Wednesday. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The stock has a market cap of $22.45 billion, a PE ratio of 239.65, a PEG ratio of 9.34 and a beta of 1.35. The business has a 50 day moving average of $38.73 and a 200-day moving average of $34.30.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $508.44 million for the quarter, compared to analysts' expectations of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The firm's revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. 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 anticipate that Samsara Inc. will post 0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

IOT has been the topic of a number of research reports. Bank of America boosted their target price on Samsara from $47.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, September 4th. BMO Capital Markets boosted their price objective on shares of Samsara from $44.00 to $54.00 and gave the stock an "outperform" rating in a report on Friday, September 4th. Royal Bank Of Canada increased their target price on shares of Samsara from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, September 4th. BTIG Research lifted their target price on shares of Samsara from $45.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, September 4th. Finally, Jefferies Financial Group raised shares of Samsara to a "buy" rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Samsara currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.05.

Samsara Profile

Samsara, Inc is a technology company that provides a cloud-based Connected Operations Platform for organizations that rely on physical operations. Its platform helps businesses monitor vehicles, equipment, worksites and employees, while using connected devices, software and data analytics to improve safety, efficiency and productivity.

The company's products and services include vehicle telematics, GPS tracking, electronic logging and fleet management tools; video-based safety and security systems; equipment and asset monitoring; workforce and workflow management applications; and tools for dispatching, routing, maintenance and site visibility.

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