Samsara Inc. $IOT Stock Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its stake in Samsara Inc. (NYSE:IOT) by 26.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,660,574 shares of the company’s stock after purchasing an additional 548,698 shares during the period. Pictet Asset Management Holding SA owned 0.45% of Samsara worth $101,448,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of IOT. Markowski Investments bought a new position in Samsara in the 2nd quarter valued at about $37,000. Parkside Financial Bank & Trust boosted its holdings in shares of Samsara by 91.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock worth $45,000 after acquiring an additional 656 shares during the period. Anchor Investment Management LLC bought a new stake in shares of Samsara during the second quarter worth approximately $46,000. CX Institutional acquired a new position in shares of Samsara in the second quarter valued at approximately $64,000. Finally, Westwind Capital acquired a new position in shares of Samsara in the third quarter valued at approximately $64,000. 96.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IOT. Guggenheim upped their price objective on Samsara from $45.00 to $51.00 and gave the company a “buy” rating in a report on Friday, September 4th. BTIG Research lifted their target price on Samsara from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, September 4th. BMO Capital Markets boosted their target price on shares of Samsara from $44.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Bank of America upped their price target on shares of Samsara from $47.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $54.00 price target on shares of Samsara in a research report on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Samsara currently has an average rating of “Moderate Buy” and an average target price of $51.68.

Insider Buying and Selling

In other news, insider Dominic Phillips sold 11,710 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $41.47, for a total value of $485,613.70. Following the completion of the transaction, the insider directly owned 742,052 shares in the company, valued at approximately $30,772,896.44. This represents a 1.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Bicket sold 42,507 shares of the firm’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $41.58, for a total value of $1,767,441.06. Following the sale, the insider directly owned 561,398 shares in the company, valued at approximately $23,342,928.84. This trade represents a 7.04% 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. Insiders sold a total of 2,237,768 shares of company stock worth $91,043,012 in the last quarter. Corporate insiders own 35.13% of the company’s stock.

Samsara Trading Up 0.1%

Shares of NYSE:IOT opened at $41.02 on Monday. The firm has a 50 day moving average of $40.72 and a 200-day moving average of $34.50. The stock has a market capitalization of $24.02 billion, a PE ratio of 256.36, a PEG ratio of 10.06 and a beta of 1.33. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $47.47.

Samsara (NYSE:IOT) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Samsara had a net margin of 4.90% and a return on equity of 4.13%. The business had revenue of $508.44 million for the quarter, compared to analysts’ expectations of $483.29 million. During the same period last year, the firm posted $0.12 earnings per share. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. On average, research analysts predict that Samsara Inc. will post 0.13 EPS for the current fiscal year.

Samsara Profile

Samsara Inc is a technology company that provides a cloud-based platform for managing connected operations. Its platform combines Internet of Things (IoT) devices, software and data analytics to help organizations monitor vehicles, equipment, worksites and other physical assets.

The company’s products include vehicle telematics, fleet management tools, AI-enabled dash cameras, equipment monitoring and software for routing, driver safety and operational workflows. Its customers span industries such as transportation, construction, field services, manufacturing and the public sector.

Founded in 2015 by Sanjit Biswas and John Bicket, Samsara is headquartered in San Francisco.