Deutsche Bank AG Has $13.23 Million Holdings in Samsara Inc. $IOT

Key Points

• Deutsche Bank AG increased its stake in Samsara Inc. by 22.3% during the first quarter, owning 345,105 shares worth approximately $13.23 million.
• Samsara reported a 30.7% increase in quarterly revenue year-over-year, reaching $366.88 million, with earnings per share (EPS) of $0.11, exceeding analysts' expectations of $0.06.
• Insider sales were significant, with over 2.9 million shares sold by company insiders in the last 90 days, equating to nearly $120 million in value.

Deutsche Bank AG increased its holdings in shares of Samsara Inc. (NYSE:IOT - Free Report) by 22.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 345,105 shares of the company's stock after purchasing an additional 62,903 shares during the quarter. Deutsche Bank AG owned 0.06% of Samsara worth $13,228,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Teacher Retirement System of Texas bought a new stake in Samsara during the 1st quarter worth approximately $1,457,000. Charles Schwab Investment Management Inc. increased its stake in Samsara by 18.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,229,773 shares of the company's stock worth $85,467,000 after purchasing an additional 352,829 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Samsara by 101.4% during the 4th quarter. Wells Fargo & Company MN now owns 129,176 shares of the company's stock worth $5,644,000 after acquiring an additional 65,028 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in shares of Samsara during the 1st quarter worth approximately $357,000. Finally, Park Avenue Securities LLC bought a new position in shares of Samsara during the 1st quarter worth approximately $273,000. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IOT. Evercore ISI set a $45.00 price target on shares of Samsara in a research note on Wednesday, June 25th. Zacks Research cut shares of Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday. Wells Fargo & Company raised their price target on shares of Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Piper Sandler reaffirmed an "overweight" rating and set a $47.00 price target (down from $53.00) on shares of Samsara in a research note on Thursday, August 7th. Finally, BMO Capital Markets raised their price target on shares of Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a research note on Monday, June 2nd. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $50.21.

Insider Buying and Selling at Samsara

In other Samsara news, insider Adam Eltoukhy sold 10,083 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $38.77, for a total transaction of $390,917.91. Following the completion of the sale, the insider owned 358,720 shares of the company's stock, valued at $13,907,574.40. This trade represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sanjit Biswas sold 27,602 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $36.20, for a total value of $999,192.40. Following the sale, the insider directly owned 851,902 shares of the company's stock, valued at $30,838,852.40. This represents a 3.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,818,134 shares of company stock valued at $114,828,749 in the last quarter. 46.49% of the stock is currently owned by insiders.

Samsara Stock Down 0.9%

Shares of NYSE:IOT traded down $0.30 during midday trading on Tuesday, hitting $33.60. The stock had a trading volume of 865,501 shares, compared to its average volume of 4,659,829. The business's 50-day simple moving average is $37.88 and its 200-day simple moving average is $41.75. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90. The company has a market cap of $19.13 billion, a P/E ratio of -152.68 and a beta of 1.62.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%.The business had revenue of $366.88 million during the quarter, compared to the consensus estimate of $351.44 million. During the same quarter last year, the firm posted $0.03 EPS. The company's quarterly revenue was up 30.7% on a year-over-year basis. Samsara has set its FY 2026 guidance at 0.390-0.410 EPS. Q2 2026 guidance at 0.060-0.070 EPS. As a group, equities analysts predict that Samsara Inc. will post -0.3 earnings per share for the current year.

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.