Samsara Inc. $IOT Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its position in Samsara Inc. (NYSE:IOT) by 218.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 22,846 shares of the company’s stock after purchasing an additional 15,671 shares during the period. Sequoia Financial Advisors LLC’s holdings in Samsara were worth $724,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its position in shares of Samsara by 14.9% in the first quarter. Hsbc Holdings PLC now owns 135,137 shares of the company’s stock valued at $4,273,000 after buying an additional 17,511 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Samsara by 0.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 636,600 shares of the company’s stock worth $20,174,000 after buying an additional 5,109 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its position in Samsara by 0.9% during the first quarter. Resona Asset Management Co. Ltd. now owns 100,942 shares of the company’s stock worth $3,184,000 after acquiring an additional 910 shares during the last quarter. Seelaus Asset Management LLC purchased a new stake in Samsara during the 1st quarter valued at about $234,000. Finally, Moran Wealth Management LLC grew its stake in Samsara by 7.3% during the 1st quarter. Moran Wealth Management LLC now owns 8,291 shares of the company’s stock valued at $263,000 after acquiring an additional 562 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IOT. KeyCorp reiterated an “overweight” rating on shares of Samsara in a report on Friday, June 26th. BTIG Research restated a “buy” rating and set a $45.00 target price on shares of Samsara in a report on Friday, June 26th. Wells Fargo & Company upped their price target on Samsara from $46.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Royal Bank Of Canada increased their price target on Samsara from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Samsara in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $45.94.

Samsara Trading Up 2.4%

Shares of IOT opened at $38.35 on Friday. Samsara Inc. has a 12-month low of $23.38 and a 12-month high of $47.47. The firm has a market capitalization of $22.35 billion, a P/E ratio of 383.58, a P/E/G ratio of 8.98 and a beta of 1.35. The firm has a 50-day moving average price of $33.17 and a 200 day moving average price of $31.46.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, June 4th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $478.84 million for the quarter, compared to the consensus estimate of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. Samsara’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 earnings per share. Samsara has set its Q2 2027 guidance at 0.150-0.160 EPS and its FY 2027 guidance at 0.700-0.720 EPS. Equities research analysts predict that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Samsara

In related news, insider Adam Eltoukhy sold 3,653 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $37.00, for a total value of $135,161.00. Following the completion of the transaction, the insider directly owned 425,080 shares in the company, valued at approximately $15,727,960. This represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Benjamin Louis Kirchhoff sold 2,549 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $33.74, for a total value of $86,003.26. Following the sale, the chief accounting officer directly owned 167,269 shares of the company’s stock, valued at approximately $5,643,656.06. This trade represents a 1.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 4,470,110 shares of company stock worth $144,679,079. Insiders own 35.13% of the company’s stock.

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.