Swedbank AB Buys 33,292 Shares of Samsara Inc. $IOT

Key Points

• Swedbank AB increased its stake in Samsara Inc. by 156.1% in the first quarter, resulting in ownership of 54,620 shares valued at $2,094,000.
• Multiple institutional investors have raised their holdings in Samsara, notably UBS AM and IFM Investors, with the latter increasing its stake by 47.6%.
• Despite insider selling of over 3.6 million shares in the last three months, analyst ratings remain mostly positive, with eight analysts issuing a "Buy" rating.

Swedbank AB grew its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 156.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,620 shares of the company's stock after purchasing an additional 33,292 shares during the quarter. Swedbank AB's holdings in Samsara were worth $2,094,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its holdings in Samsara by 7.1% during the first quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock worth $1,352,186,000 after purchasing an additional 2,348,101 shares in the last quarter. Vanguard Group Inc. raised its holdings in Samsara by 12.0% during the first quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company's stock worth $900,581,000 after purchasing an additional 2,516,882 shares in the last quarter. Jennison Associates LLC raised its holdings in Samsara by 1,881.8% during the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock worth $450,881,000 after purchasing an additional 11,169,571 shares in the last quarter. Invesco Ltd. raised its holdings in Samsara by 20.1% during the first quarter. Invesco Ltd. now owns 4,174,153 shares of the company's stock worth $159,995,000 after purchasing an additional 697,208 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Samsara by 58.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,823,484 shares of the company's stock worth $108,224,000 after purchasing an additional 1,047,068 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on IOT. Craig Hallum raised Samsara from a "hold" rating to a "buy" rating and boosted their target price for the stock from $42.00 to $48.00 in a report on Friday, September 5th. Royal Bank Of Canada lifted their price target on shares of Samsara from $44.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Morgan Stanley lifted their price target on shares of Samsara from $50.00 to $53.00 and gave the stock an "equal weight" rating in a research report on Monday, September 8th. Zacks Research downgraded shares of Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, BMO Capital Markets reduced their target price on Samsara from $54.00 to $47.00 and set an "outperform" rating for the company in a report on Friday, September 5th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $49.38.

Samsara Stock Up 0.6%

Shares of Samsara stock traded up $0.24 on Friday, hitting $40.21. 5,937,081 shares of the company traded hands, compared to its average volume of 7,536,008. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90. The company has a 50-day moving average price of $36.79 and a 200 day moving average price of $39.24. The company has a market cap of $22.89 billion, a PE ratio of -251.31 and a beta of 1.61.

Samsara (NYSE:IOT - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The business had revenue of $391.48 million during the quarter, compared to analyst estimates of $372.22 million. During the same quarter in the previous year, the business earned $0.05 EPS. Samsara's quarterly revenue 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. Equities research analysts anticipate that Samsara Inc. will post -0.3 EPS for the current year.

Insider Activity at Samsara

In other Samsara news, insider Adam Eltoukhy sold 18,219 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $39.15, for a total transaction of $713,273.85. Following the completion of the sale, the insider directly owned 302,698 shares in the company, valued at $11,850,626.70. This represents a 5.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $38.55, for a total transaction of $30,582,910.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,716,158 shares of company stock valued at $140,011,119. 46.49% of the stock is owned by corporate insiders.

Samsara Company 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.