25,182 Samsara Inc. $IOT Shares Purchased by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services increased its Samsara stake by 58.2% in the third quarter, purchasing 25,182 additional shares and bringing its holdings to 68,450 shares worth approximately $2.61 million. Institutional investors collectively own 96.02% of Samsara.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $51.68. Recent firms raised targets as high as $55, while Jefferies initiated coverage with a $50 buy target.
• Samsara reported quarterly revenue of $508.44 million and adjusted EPS of $0.20, surpassing analyst expectations of $483.29 million and $0.16, respectively. Meanwhile, CEO Sanjit Biswas and insider John Bicket each sold roughly 65,000 shares under pre-arranged Rule 10b5-1 plans.

Diversify Advisory Services LLC increased its stake in Samsara Inc. (NYSE:IOT - Free Report) by 58.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,450 shares of the company's stock after acquiring an additional 25,182 shares during the period. Diversify Advisory Services LLC's holdings in Samsara were worth $2,610,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Markowski Investments purchased a new stake in Samsara during the second quarter valued at approximately $37,000. Parkside Financial Bank & Trust lifted its stake in shares of Samsara by 91.0% in the 2nd 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 during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Samsara in the 2nd quarter valued at approximately $46,000. CX Institutional purchased a new position in shares of Samsara in the 2nd quarter worth approximately $64,000. Finally, Westwind Capital purchased a new position in shares of Samsara in the 3rd quarter worth approximately $64,000. 96.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Jefferies Financial Group began coverage on Samsara in a research report on Sunday, October 4th. They set a "buy" rating and a $50.00 target price on the stock. Craig Hallum restated a "buy" rating and set a $54.00 price target on shares of Samsara in a report on Friday, September 4th. Guggenheim raised their price target on Samsara from $45.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, September 4th. TD Cowen raised their price target on Samsara from $48.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, September 4th. Finally, Bank of America lifted their price objective on shares of Samsara from $47.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $51.68.

Insiders Place Their Bets

In other news, insider John Bicket sold 65,209 shares of the business's stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $42.27, for a total transaction of $2,756,384.43. Following the completion of the sale, the insider directly owned 769,398 shares of the company's stock, valued at approximately $32,522,453.46. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 65,402 shares of the company'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 transaction, the chief executive officer owned 669,835 shares in the company, valued at approximately $28,313,925.45. The trade was a 8.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,234,114 shares of company stock worth $88,311,353 over the last quarter. Company insiders own 35.13% of the company's stock.

Samsara Stock Performance

Shares of NYSE IOT opened at $43.74 on Friday. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47. The company has a market cap of $25.62 billion, a price-to-earnings ratio of 273.40, a PEG ratio of 10.62 and a beta of 1.35. The business's 50 day moving average price is $40.13 and its 200-day moving average price is $35.59.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. The company had revenue of $508.44 million during 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%. Samsara's revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Sell-side analysts predict that Samsara Inc. will post 0.13 earnings per share 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.

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