Samsara Inc. $IOT Position Lifted by Congress Asset Management Co.

Key Points

• Congress Asset Management increased its Samsara stake by 3.5% to 844,722 shares valued at approximately $32.2 million. Institutional investors collectively own 96.02% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $51.68; several firms recently raised their targets to between $54 and $58.
• Samsara exceeded quarterly expectations, reporting $0.20 EPS and $508.4 million in revenue, up 29.9% year over year. However, insiders sold more than 2.2 million shares worth $85.3 million over the past 90 days.

Congress Asset Management Co. lifted its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 844,722 shares of the company's stock after purchasing an additional 28,507 shares during the quarter. Congress Asset Management Co. owned about 0.14% of Samsara worth $32,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IOT. Brown Advisory Inc. increased its stake in shares of Samsara by 42.1% during the 4th quarter. Brown Advisory Inc. now owns 11,213,972 shares of the company's stock valued at $397,536,000 after acquiring an additional 3,322,023 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Samsara by 9.6% in the second quarter. Wellington Management Group LLP now owns 9,327,606 shares of the company's stock worth $302,494,000 after acquiring an additional 813,922 shares during the last quarter. Bamco Inc. NY boosted its position in shares of Samsara by 21.9% in the fourth quarter. Bamco Inc. NY now owns 4,120,031 shares of the company's stock worth $146,055,000 after acquiring an additional 741,200 shares during the last quarter. Spyglass Capital Management LLC grew its holdings in Samsara by 4.7% in the second quarter. Spyglass Capital Management LLC now owns 3,085,655 shares of the company's stock valued at $100,068,000 after purchasing an additional 139,009 shares during the period. Finally, Bank of America Corp DE grew its holdings in Samsara by 41.5% in the first quarter. Bank of America Corp DE now owns 2,710,202 shares of the company's stock valued at $85,886,000 after purchasing an additional 794,255 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on IOT shares. BNP Paribas Exane increased their price target on shares of Samsara from $40.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, September 4th. Wall Street Zen upgraded Samsara from a "hold" rating to a "buy" rating in a report on Saturday, September 12th. Weiss Ratings downgraded Samsara from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, September 9th. BTIG Research upped their price target on Samsara from $45.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, September 4th. Finally, Wells Fargo & Company raised their price objective on Samsara from $50.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $51.68.

Insider Buying and Selling at Samsara

In other Samsara news, CAO Benjamin Kirchhoff sold 770 shares of the business's stock in a transaction on Friday, September 18th. The shares were sold at an average price of $40.42, for a total value of $31,123.40. Following the transaction, the chief accounting officer owned 151,086 shares in the company, valued at $6,106,896.12. The trade was a 0.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Eltoukhy sold 7,306 shares of the company's stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $39.07, for a total transaction of $285,445.42. Following the completion of the transaction, the insider directly owned 381,854 shares of the company's stock, valued at approximately $14,919,035.78. The trade was a 1.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 2,232,139 shares of company stock worth $85,296,592. 35.13% of the stock is currently owned by insiders.

Samsara Price Performance

Shares of IOT opened at $41.55 on Wednesday. The stock's 50-day moving average is $39.49 and its two-hundred day moving average is $34.78. The stock has a market cap of $24.33 billion, a PE ratio of 259.67, a P/E/G ratio of 10.41 and a beta of 1.35. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47.

Samsara (NYSE:IOT - Get Free Report) last posted its earnings results 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. Samsara had a return on equity of 4.13% and a net margin of 4.90%.The business had revenue of $508.44 million during the quarter, compared to analyst estimates of $483.29 million. During the same quarter last year, the firm earned $0.12 earnings per share. The company's revenue for the quarter was up 29.9% compared to the same quarter last year. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. On average, research analysts anticipate that Samsara Inc. will post 0.13 earnings per share for the current year.

Trending Headlines about Samsara

Here are the key news stories impacting Samsara this week:

• Positive Sentiment: Jefferies initiated coverage with a Buy rating and a $50 price target, implying additional upside from the stock’s recent trading level. The firm said Samsara is positioned to gain market share in the large, underpenetrated physical-operations technology market, supported by its combination of software, hardware, artificial intelligence, analytics and automation. Jefferies coverage and Samsara growth outlook
• Positive Sentiment: Jefferies also upgraded Samsara to “Strong Buy,” adding to the bullish analyst sentiment surrounding the company’s growth prospects. Samsara rating upgraded by Jefferies
• Positive Sentiment: Shares recently gained attention after an Asplundh deal and a new artificial-intelligence integration push, reinforcing the view that Samsara can use its proprietary operational data to expand AI-driven products and customer value. Samsara Asplundh deal and AI integration
• Neutral Sentiment: The stock is trading above both its 50-day and 200-day moving averages and near the upper portion of its 52-week range, indicating strong momentum but also leaving less room for disappointment. Its valuation is demanding, with a reported P/E ratio above 385 and PEG ratio above 10.
• Negative Sentiment: Insider Dominic Phillips sold 17,908 shares and 12,064 shares at an average price of $38.97 under a pre-arranged Rule 10b5-1 plan. Because the sales were scheduled in advance and represented relatively small reductions in his holdings, they are a limited but still potentially negative sentiment signal. Dominic Phillips insider transactions
• Negative Sentiment: A separate report said Samsara’s CEO sold 263,900 shares under a pre-arranged plan, adding to concerns about insider selling even though the transaction was not described as discretionary. Samsara CEO share sale

About Samsara

Samsara Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its platform combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, worksites and mobile workforces.

The Samsara Connected Operations Cloud includes vehicle telematics, GPS tracking, video-based safety, routing and dispatch tools, equipment monitoring, workforce and workflow management, and compliance solutions.

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