Samsara Inc. $IOT Shares Newly Bought by Calamos Advisors LLC

Key Points

• Calamos Advisors initiated a position in Samsara, buying 97,096 shares worth approximately $3.7 million in the third quarter; institutional investors collectively own 96.02% of the stock.
• Samsara reported quarterly EPS of $0.20, beating the $0.16 consensus, while revenue of $508.44 million topped forecasts and rose 29.9% year over year.
• Company insiders sold more than 2.2 million shares worth about $91 million over the past 90 days. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $51.68.

Calamos Advisors LLC bought a new stake in Samsara Inc. (NYSE:IOT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 97,096 shares of the company's stock, valued at approximately $3,702,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Markowski Investments purchased a new stake in shares of Samsara during the 2nd quarter valued at about $37,000. Parkside Financial Bank & Trust lifted its stake in shares of Samsara by 91.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company's stock worth $45,000 after purchasing an additional 656 shares during the period. Anchor Investment Management LLC purchased a new position in shares of Samsara in the second quarter worth approximately $46,000. CX Institutional purchased a new position in shares of Samsara in the second quarter worth approximately $64,000. Finally, Westwind Capital purchased a new position in shares of Samsara in the third quarter worth approximately $64,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Samsara

In other Samsara news, CEO Sanjit Biswas sold 158,402 shares of the company's stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $37.74, for a total value of $5,978,091.48. Following the completion of the transaction, the chief executive officer directly owned 51,600 shares in the company, valued at $1,947,384. This represents a 75.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 158,427 shares of the company's stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $37.73, for a total transaction of $5,977,450.71. Following the completion of the transaction, the insider owned 51,600 shares of the company's stock, valued at approximately $1,946,868. The trade was a 75.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,237,768 shares of company stock worth $91,043,012 in the last ninety days. Insiders own 35.13% of the company's stock.

Samsara Stock Up 0.1%

NYSE IOT opened at $41.02 on Monday. Samsara Inc. has a 52 week low of $23.38 and a 52 week high of $47.47. The company has a market capitalization of $24.02 billion, a P/E ratio of 256.36, a price-to-earnings-growth ratio of 10.06 and a beta of 1.33. The stock's 50-day moving average price is $40.72 and its 200-day moving average price is $34.50.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $508.44 million during the quarter, compared to the consensus estimate of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. The firm's revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Research analysts anticipate that Samsara Inc. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Bank of America upped their target price on shares of Samsara from $47.00 to $55.00 and gave the company a "buy" rating in a report on Friday, September 4th. BNP Paribas Exane lifted 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. Piper Sandler reiterated a "neutral" rating and set a $46.00 price target (up from $40.00) on shares of Samsara in a research note on Friday, September 4th. KeyCorp boosted their price objective on shares of Samsara from $46.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, September 4th. Finally, Morgan Stanley upped their price objective on Samsara from $43.00 to $49.00 and gave the stock an "equal weight" rating in a research note on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $51.68.

About Samsara

Samsara Inc is a technology company that provides a cloud-based platform for managing connected operations. Its platform combines Internet of Things (IoT) devices, software and data analytics to help organizations monitor vehicles, equipment, worksites and other physical assets.

The company's products include vehicle telematics, fleet management tools, AI-enabled dash cameras, equipment monitoring and software for routing, driver safety and operational workflows. Its customers span industries such as transportation, construction, field services, manufacturing and the public sector.

Founded in 2015 by Sanjit Biswas and John Bicket, Samsara is headquartered in San Francisco.

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