Comerica Bank Sells 742,154 Shares of Samsara Inc. $IOT

Key Points

• Comerica Bank sharply reduced its Samsara stake in the fourth quarter, selling 742,154 shares and cutting its holdings by 95.7% to 33,285 shares worth about $1.18 million.
• Samsara reported better-than-expected quarterly results, with EPS of $0.18 versus estimates of $0.13 and revenue of $444.3 million, up 28.3% year over year.
• Despite mixed analyst sentiment and some insider selling, Wall Street still has a Moderate Buy view on Samsara, with an average price target of $46.18.

Comerica Bank decreased its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 95.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,285 shares of the company's stock after selling 742,154 shares during the quarter. Comerica Bank's holdings in Samsara were worth $1,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Versant Capital Management Inc boosted its holdings in Samsara by 6,078.6% in the third quarter. Versant Capital Management Inc now owns 865 shares of the company's stock worth $32,000 after purchasing an additional 851 shares in the last quarter. Optiver Holding B.V. raised its holdings in Samsara by 953.2% during the third quarter. Optiver Holding B.V. now owns 1,169 shares of the company's stock valued at $44,000 after buying an additional 1,058 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Samsara by 194.4% in the third quarter. IFP Advisors Inc now owns 1,254 shares of the company's stock worth $47,000 after buying an additional 828 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Samsara by 73.5% in the third quarter. Jones Financial Companies Lllp now owns 2,216 shares of the company's stock worth $84,000 after buying an additional 939 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Samsara by 95.1% during the 3rd quarter. Quarry LP now owns 2,528 shares of the company's stock worth $94,000 after acquiring an additional 1,232 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Samsara Stock Down 1.5%

Shares of NYSE IOT opened at $29.65 on Friday. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $48.40. The company has a market cap of $17.22 billion, a P/E ratio of -1,481.61, a P/E/G ratio of 11.04 and a beta of 1.29. The business's 50 day moving average is $30.60 and its two-hundred day moving average is $33.50.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Samsara had a negative return on equity of 0.72% and a negative net margin of 0.56%.The company had revenue of $444.30 million during the quarter, compared to analysts' expectations of $422.29 million. During the same period in the prior year, the business earned $0.11 earnings per share. Samsara's revenue for the quarter was up 28.3% compared to the same quarter last year. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. Sell-side analysts expect that Samsara Inc. will post 0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IOT has been the topic of a number of analyst reports. Royal Bank Of Canada raised their price objective on Samsara from $35.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, March 6th. The Goldman Sachs Group set a $45.00 target price on Samsara in a research report on Monday, March 2nd. Zacks Research downgraded Samsara from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Truist Financial dropped their price target on shares of Samsara from $39.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, February 17th. Finally, TD Cowen restated a "buy" rating on shares of Samsara in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.18.

Insider Activity at Samsara

In other news, insider Sanjit Biswas sold 72,958 shares of the company's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $28.49, for a total transaction of $2,078,573.42. Following the completion of the transaction, the insider owned 723,056 shares of the company's stock, valued at approximately $20,599,865.44. This represents a 9.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Eltoukhy sold 5,473 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $30.68, for a total transaction of $167,911.64. Following the completion of the sale, the insider owned 190,649 shares of the company's stock, valued at approximately $5,849,111.32. The trade was a 2.79% decrease in their position. 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 sold 2,188,539 shares of company stock valued at $62,320,764 in the last quarter. Company insiders own 46.49% of the company's stock.

Samsara 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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