KLP Kapitalforvaltning AS Increases Stock Position in Samsara Inc. $IOT

Key Points

• KLP Kapitalforvaltning AS increased its investment in Samsara Inc. by 17.6%, acquiring 17,000 additional shares, bringing its total holdings to 113,600 shares valued at approximately $4.52 million.
• Samsara reported earnings of $0.12 per share for the last quarter, exceeding analyst expectations of $0.07, alongside a 30.4% year-over-year revenue growth to $391.48 million.
• Insider transactions revealed that John Bicket sold 170,000 shares of Samsara, leading to an 82.52% decrease in his ownership, while 96.02% of the stock is held by hedge funds and institutional investors.

KLP Kapitalforvaltning AS lifted its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 17.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,600 shares of the company's stock after acquiring an additional 17,000 shares during the period. KLP Kapitalforvaltning AS's holdings in Samsara were worth $4,519,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Keystone Financial Group Inc. grew its position in shares of Samsara by 300.0% during the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock worth $25,000 after acquiring an additional 450 shares during the last quarter. Family Legacy Financial Solutions LLC purchased a new position in shares of Samsara during the second quarter worth approximately $40,000. AlphaQuest LLC grew its position in shares of Samsara by 519.6% during the first quarter. AlphaQuest LLC now owns 1,041 shares of the company's stock worth $40,000 after acquiring an additional 873 shares during the last quarter. CWM LLC grew its position in shares of Samsara by 385.3% during the first quarter. CWM LLC now owns 1,053 shares of the company's stock worth $40,000 after acquiring an additional 836 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Samsara by 31.9% during the second quarter. UMB Bank n.a. now owns 1,904 shares of the company's stock worth $76,000 after acquiring an additional 461 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Samsara Price Performance

Samsara stock opened at $36.96 on Friday. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90. The company has a market cap of $21.20 billion, a PE ratio of -230.98 and a beta of 1.60. The stock's 50 day moving average price is $36.88 and its 200 day moving average price is $39.20.

Samsara (NYSE:IOT - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The firm had revenue of $391.48 million for the quarter, compared to the consensus estimate of $372.22 million. During the same period in the previous year, the business earned $0.05 earnings per share. The company's revenue for the quarter was up 30.4% compared to the same quarter last year. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, equities research analysts anticipate that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IOT shares. Piper Sandler lifted their target price on Samsara from $47.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Royal Bank Of Canada lifted their target price on Samsara from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. Zacks Research downgraded Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Truist Financial lifted their target price on Samsara from $35.00 to $39.00 and gave the company a "hold" rating in a research note on Friday, September 5th. Finally, Craig Hallum upgraded Samsara from a "hold" rating to a "buy" rating and lifted their target price for the company from $42.00 to $48.00 in a research note on Friday, September 5th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $49.55.

Insider Transactions at Samsara

In related news, insider John Bicket sold 170,000 shares of Samsara stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $38.35, for a total value of $6,519,500.00. Following the sale, the insider directly owned 36,000 shares in the company, valued at $1,380,600. The trade was a 82.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Benjamin Louis Kirchhoff sold 4,933 shares of Samsara stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $37.47, for a total value of $184,839.51. Following the completion of the sale, the chief accounting officer owned 100,585 shares in the company, valued at approximately $3,768,919.95. This trade represents a 4.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,734,679 shares of company stock valued at $140,267,375. 46.49% of the stock is owned by company insiders.

Samsara Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.

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