Samsara Inc. $IOT Stock Purchased by Capital Investment Services of America Inc.

Key Points

• Capital Investment Services of America increased its Samsara stake by 7.6% in the third quarter, adding 33,438 shares to hold 471,593 shares valued at about $18 million.
• Samsara reported quarterly EPS of $0.20, beating the $0.16 consensus, while revenue of $508.4 million exceeded estimates and rose 29.9% year over year.
• Analysts raised several price targets, and the stock carries a “Moderate Buy” consensus rating with an average target of $51.68.

Capital Investment Services of America Inc. grew its position in Samsara Inc. (NYSE:IOT - Free Report) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 471,593 shares of the company's stock after purchasing an additional 33,438 shares during the quarter. Samsara makes up 1.7% of Capital Investment Services of America Inc.'s investment portfolio, making the stock its 26th largest position. Capital Investment Services of America Inc. owned approximately 0.08% of Samsara worth $17,982,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rakuten Investment Management Inc. raised its position in shares of Samsara by 15.7% during the 3rd quarter. Rakuten Investment Management Inc. now owns 23,310 shares of the company's stock worth $885,000 after purchasing an additional 3,171 shares during the last quarter. Provenance Wealth Advisors LLC purchased a new stake in Samsara in the 3rd quarter valued at approximately $258,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Samsara during the 3rd quarter valued at $572,000. Gerber Kawasaki Wealth & Investment Management grew its holdings in Samsara by 5.9% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 21,278 shares of the company's stock valued at $811,000 after buying an additional 1,186 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in Samsara by 99.7% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,178 shares of the company's stock worth $426,000 after buying an additional 5,580 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Samsara Price Performance

Shares of NYSE IOT opened at $42.83 on Thursday. The firm has a market capitalization of $25.08 billion, a PE ratio of 267.69, a P/E/G ratio of 10.10 and a beta of 1.33. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47. The business's fifty day moving average price is $40.71 and its two-hundred day moving average price is $34.42.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. The business 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 business's revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Equities research analysts expect that Samsara Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IOT has been the topic of several recent analyst reports. Bank of America upped their price objective on shares of Samsara from $47.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, September 4th. BMO Capital Markets upped their price target on shares of Samsara from $44.00 to $54.00 and gave the stock an "outperform" rating in a research report on Friday, September 4th. Royal Bank Of Canada increased their price target on shares of Samsara from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, September 4th. Craig Hallum reiterated a "buy" rating and issued a $54.00 price target on shares of Samsara in a report on Friday, September 4th. Finally, Guggenheim boosted their price objective on shares of Samsara from $45.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $51.68.

Insider Buying and Selling at Samsara

In related news, insider Adam Eltoukhy sold 7,306 shares of the business's stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $44.49, for a total transaction of $325,043.94. Following the transaction, the insider directly owned 381,854 shares of the company's stock, valued at approximately $16,988,684.46. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 40,875 shares of the company's stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $41.57, for a total transaction of $1,699,173.75. Following the completion of the transaction, the chief executive officer directly owned 461,835 shares in the company, valued at $19,198,480.95. This trade represents a 8.13% 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 sold a total of 2,237,768 shares of company stock valued at $91,043,012 in the last 90 days. Corporate insiders own 35.13% of the company's stock.

Samsara Profile

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

The company's products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.

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