Forsta AP Fonden Sells 70,400 Shares of Samsara Inc. $IOT

Forsta AP Fonden trimmed its position in Samsara Inc. (NYSE:IOT) by 47.4% in the fourth quarter, Holdings Channel reports. The fund owned 78,200 shares of the company’s stock after selling 70,400 shares during the quarter. Forsta AP Fonden’s holdings in Samsara were worth $2,772,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Lazard Asset Management LLC lifted its stake in shares of Samsara by 2.0% in the 3rd quarter. Lazard Asset Management LLC now owns 13,971 shares of the company’s stock valued at $520,000 after acquiring an additional 279 shares during the last quarter. Jefferies Financial Group Inc. lifted its stake in shares of Samsara by 1.6% in the 3rd quarter. Jefferies Financial Group Inc. now owns 20,995 shares of the company’s stock valued at $782,000 after acquiring an additional 322 shares during the last quarter. Cim LLC lifted its stake in shares of Samsara by 1.0% in the 3rd quarter. Cim LLC now owns 32,700 shares of the company’s stock valued at $1,218,000 after acquiring an additional 326 shares during the last quarter. Empowered Funds LLC lifted 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 valued at $390,000 after acquiring an additional 335 shares during the last quarter. Finally, IFG Advisory LLC lifted its stake in shares of Samsara by 0.8% in the 4th quarter. IFG Advisory LLC now owns 44,814 shares of the company’s stock valued at $1,589,000 after acquiring an additional 372 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Samsara Stock Down 3.4%

NYSE IOT opened at $37.24 on Wednesday. The company has a market capitalization of $21.62 billion, a price-to-earnings ratio of -1,860.92, a PEG ratio of 11.47 and a beta of 1.34. Samsara Inc. has a twelve month low of $23.38 and a twelve month high of $48.40. The stock has a fifty day simple moving average of $30.38 and a 200 day simple moving average of $32.49.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The business had revenue of $444.30 million during the quarter, compared to the consensus estimate of $422.29 million. Samsara had a negative return on equity of 0.72% and a negative net margin of 0.56%.Samsara’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. Samsara has set its Q1 2027 guidance at 0.120-0.130 EPS and its FY 2027 guidance at 0.650-0.690 EPS. Research analysts expect that Samsara Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Benjamin Louis Kirchhoff sold 2,554 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $27.47, for a total value of $70,158.38. Following the completion of the sale, the chief accounting officer directly owned 111,704 shares in the company, valued at $3,068,508.88. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanjit Biswas sold 31,081 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $31.21, for a total value of $970,038.01. Following the completion of the sale, the insider owned 307,056 shares of the company’s stock, valued at $9,583,217.76. The trade was a 9.19% 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. Over the last three months, insiders have sold 2,717,947 shares of company stock valued at $79,747,111. Company insiders own 35.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on IOT shares. Royal Bank Of Canada increased their price target on Samsara from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Weiss Ratings raised shares of Samsara from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. Evercore reaffirmed an “outperform” rating on shares of Samsara in a research note on Friday, March 6th. TD Cowen reaffirmed a “buy” rating on shares of Samsara in a research note on Friday, May 22nd. Finally, BMO Capital Markets raised their price target on shares of Samsara from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.18.

About Samsara

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.