Bank of New York Mellon Corp Takes Position in Samsara Inc. $IOT

Key Points

• Bank of New York Mellon purchased 1.1 million Samsara shares worth approximately $35.7 million, while institutional investors collectively own 96.02% of the company.
• Samsara insiders sold 4.48 million shares valued at roughly $159.2 million over the past 90 days, including substantial Rule 10b5-1 plan sales by the CEO and another insider.
• Analysts remain generally bullish, with a consensus “Moderate Buy” rating and an average price target of $46.67. Samsara recently beat quarterly earnings and revenue estimates, with revenue rising 30.5% year over year.

Bank of New York Mellon Corp purchased a new stake in shares of Samsara Inc. (NYSE:IOT - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,100,906 shares of the company's stock, valued at approximately $35,702,000. Bank of New York Mellon Corp owned about 0.19% of Samsara as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in IOT. Assenagon Asset Management S.A. boosted its stake in shares of Samsara by 43.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 22,987 shares of the company's stock worth $745,000 after buying an additional 7,015 shares during the last quarter. Archer Investment Management LLC bought a new position in shares of Samsara during the 2nd quarter worth $454,000. Balefire LLC bought a new position in Samsara during the second quarter worth about $209,000. Avior Wealth Management LLC increased its stake in shares of Samsara by 10.3% in the second quarter. Avior Wealth Management LLC now owns 15,956 shares of the company's stock worth $517,000 after purchasing an additional 1,494 shares in the last quarter. Finally, CX Institutional purchased a new position in shares of Samsara in the second quarter worth about $64,000. Institutional investors own 96.02% of the company's stock.

Insider Activity

In other Samsara news, insider John Bicket sold 245,925 shares of the company's stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total transaction of $9,042,662.25. Following the completion of the transaction, the insider owned 94,000 shares of the company's stock, valued at $3,456,380. This represents a 72.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 244,805 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $36.77, for a total value 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 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 4,478,170 shares of company stock valued at $159,242,120. Insiders own 35.13% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on IOT. BTIG Research reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Samsara in a report on Friday, June 26th. Wells Fargo & Company increased their target price on Samsara from $46.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, June 5th. Morgan Stanley set a $43.00 price target on Samsara in a report on Tuesday, July 21st. Weiss Ratings upgraded Samsara from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Finally, TD Cowen boosted their price objective on Samsara from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $46.67.

Samsara Price Performance

IOT opened at $41.21 on Friday. The stock's 50 day simple moving average is $36.93 and its 200 day simple moving average is $32.81. Samsara Inc. has a 1 year low of $23.38 and a 1 year high of $47.47. The firm has a market cap of $24.01 billion, a price-to-earnings ratio of 412.14, a PEG ratio of 9.40 and a beta of 1.34.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The firm had revenue of $478.84 million during the quarter, compared to the consensus estimate of $455.21 million. Samsara had a return on equity of 2.00% and a net margin of 3.32%.The business's revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. As a group, sell-side analysts anticipate that Samsara Inc. will post 0.15 EPS for the current year.

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.

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