Samsara Inc. $IOT Stake Lessened by Hershey Trust Co.

Hershey Trust Co. reduced its position in Samsara Inc. (NYSE:IOT) by 61.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,432 shares of the company’s stock after selling 20,988 shares during the period. Samsara makes up about 0.0% of Hershey Trust Co.’s investment portfolio, making the stock its 3rd biggest position. Hershey Trust Co.’s holdings in Samsara were worth $476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IOT. Brighton Jones LLC purchased a new position in shares of Samsara in the 4th quarter worth $13,464,000. Royal Bank of Canada boosted its stake in shares of Samsara by 100.3% in the 1st quarter. Royal Bank of Canada now owns 96,142 shares of the company’s stock worth $3,686,000 after buying an additional 48,135 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Samsara by 2,444.6% in the 1st quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock worth $682,000 after buying an additional 17,088 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Samsara by 3.4% in the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after buying an additional 335 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Samsara by 142.4% in the 2nd quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock worth $2,739,000 after buying an additional 40,450 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider John Bicket sold 168,227 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $28.58, for a total value of $4,807,927.66. Following the transaction, the insider directly owned 15,200 shares in the company, valued at $434,416. The trade was a 91.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanjit Biswas sold 168,272 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $28.58, for a total value of $4,809,213.76. Following the completion of the transaction, the insider owned 15,200 shares in the company, valued at $434,416. The trade was a 91.72% 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. Insiders sold 2,700,139 shares of company stock worth $79,212,871 over the last 90 days. Company insiders own 35.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings upgraded Samsara from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. Zacks Research downgraded Samsara from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada lifted their target price on Samsara from $35.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Evercore reiterated an “outperform” rating on shares of Samsara in a research report on Friday, March 6th. Finally, BMO Capital Markets lifted their target price on Samsara from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.18.

Samsara Stock Performance

NYSE IOT opened at $36.47 on Thursday. The company has a market capitalization of $21.18 billion, a PE ratio of -1,822.39, a price-to-earnings-growth ratio of 11.12 and a beta of 1.34. The business’s fifty day moving average is $30.53 and its 200 day moving average is $32.46. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $48.40.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. Samsara had a negative return on equity of 0.72% and a negative net margin of 0.56%.The business had revenue of $444.30 million for the quarter, compared to the consensus estimate of $422.29 million. During the same period in the previous year, the business earned $0.11 earnings per share. The business’s revenue was up 28.3% on a year-over-year basis. On average, sell-side analysts forecast that Samsara Inc. will post 0.08 EPS for the current year.

Samsara Company Profile

Samsara develops an industrial Internet of Things (IoT) platform designed to help organizations monitor, manage, and optimize physical operations. The company combines connected hardware — including telematics devices, GPS trackers, dash cameras, and environmental sensors — with cloud-based software to provide real-time visibility into vehicles, mobile equipment, and fixed assets. Its software offers tools for fleet management, driver and worker safety, asset tracking, compliance (including electronic logging), maintenance scheduling, and operational analytics.

The Samsara platform emphasizes integration of live data streams with analytics and workflow features to drive efficiency and safety across industries that rely on dispersed equipment and mobile workforces.