American Century Companies Inc. Boosts Stock Position in Samsara Inc. $IOT

Key Points

• American Century Companies increased its stake in Samsara by 13.7% to 1,786,790 shares (about $66.6M), and institutional investors now own roughly 96.02% of the stock.
• Samsara reported revenue of $415.98M (up 29.2% YoY) beating estimates, but EPS missed at $0.01 versus the $0.12 consensus.
• There has been substantial insider selling

American Century Companies Inc. grew its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 13.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,786,790 shares of the company's stock after purchasing an additional 214,793 shares during the period. American Century Companies Inc. owned about 0.31% of Samsara worth $66,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC bought a new position in shares of Samsara in the fourth quarter worth about $13,464,000. Royal Bank of Canada boosted its position in Samsara by 100.3% in the 1st quarter. Royal Bank of Canada now owns 96,142 shares of the company's stock valued at $3,686,000 after buying an additional 48,135 shares during the period. Jones Financial Companies Lllp grew its stake in Samsara by 2,444.6% in the 1st quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company's stock worth $682,000 after acquiring an additional 17,088 shares in the last quarter. Empowered Funds LLC increased its position in shares of Samsara by 3.4% during the first quarter. Empowered Funds LLC now owns 10,168 shares of the company's stock worth $390,000 after acquiring an additional 335 shares during the period. Finally, AlphaQuest LLC increased its position in shares of Samsara by 91.6% during the second quarter. AlphaQuest LLC now owns 1,995 shares of the company's stock worth $79,000 after acquiring an additional 954 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Samsara Stock Down 0.7%

NYSE IOT opened at $28.75 on Thursday. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $48.40. The company has a 50 day moving average price of $30.52 and a 200 day moving average price of $35.57. The firm has a market cap of $16.59 billion, a PE ratio of -359.38 and a beta of 1.60.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings results on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.11). Samsara had a negative return on equity of 3.49% and a negative net margin of 2.79%.The firm had revenue of $415.98 million during the quarter, compared to analysts' expectations of $398.92 million. During the same period in the prior year, the firm posted $0.07 earnings per share. Samsara's revenue for the quarter was up 29.2% compared to the same quarter last year. On average, equities research analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Samsara

In related news, insider Sanjit Biswas sold 263,900 shares of the company's stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $34.40, for a total transaction of $9,078,160.00. Following the transaction, the insider directly owned 89,400 shares of the company's stock, valued at $3,075,360. This represents a 74.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John Bicket sold 263,900 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $34.40, for a total value of $9,078,160.00. Following the completion of the sale, the insider owned 89,400 shares of the company's stock, valued at approximately $3,075,360. This trade represents a 74.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 2,923,463 shares of company stock worth $92,883,523. 46.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Samsara from $52.00 to $43.00 and set an "overweight" rating for the company in a report on Wednesday, February 4th. Royal Bank Of Canada set a $35.00 price target on Samsara in a research report on Wednesday, February 11th. TD Cowen restated a "buy" rating on shares of Samsara in a research note on Monday. BNP Paribas Exane raised shares of Samsara from a "neutral" rating to an "outperform" rating and set a $40.00 price objective for the company in a research note on Thursday, January 15th. Finally, Bank of America increased their target price on shares of Samsara from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $45.69.

Samsara Company Profile

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.

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