Samsara Inc. $IOT Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp increased its stake in shares of Samsara Inc. (NYSE:IOT) by 226.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 54,335 shares of the company’s stock after acquiring an additional 37,683 shares during the quarter. Fifth Third Bancorp’s holdings in Samsara were worth $1,722,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of IOT. Acumen Wealth Advisors LLC acquired a new stake in Samsara during the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in Samsara by 312.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 883 shares of the company’s stock valued at $31,000 after acquiring an additional 669 shares during the last quarter. AlphaCentric Advisors LLC purchased a new position in Samsara in the fourth quarter worth approximately $36,000. IFP Advisors Inc grew its position in Samsara by 194.4% in the third quarter. IFP Advisors Inc now owns 1,254 shares of the company’s stock worth $47,000 after acquiring an additional 828 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Samsara during the fourth quarter worth $52,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Samsara Stock Down 7.5%

Shares of IOT opened at $33.38 on Thursday. The company has a market cap of $19.45 billion, a P/E ratio of 333.79, a PEG ratio of 8.46 and a beta of 1.35. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47. The firm’s 50 day moving average price is $33.63 and its 200 day moving average price is $31.44.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley set a $43.00 price objective on Samsara in a research report on Tuesday. BTIG Research reaffirmed a “buy” rating and set a $45.00 target price on shares of Samsara in a research note on Friday, June 26th. Piper Sandler reaffirmed an “overweight” rating and set a $40.00 price objective (up from $39.00) on shares of Samsara in a research report on Friday, June 5th. Wells Fargo & Company raised their price target on Samsara from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Samsara in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.33.

Insider Buying and Selling

In related news, insider John Bicket sold 245,925 shares of Samsara stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $36.77, for a total value of $9,042,662.25. Following the completion of the transaction, the insider owned 94,000 shares in the company, valued at $3,456,380. The trade was a 72.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc L. Andreessen sold 613,660 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $32.27, for a total transaction of $19,802,808.20. Following the transaction, the director owned 2,256,487 shares of the company’s stock, valued at $72,816,835.49. This trade represents a 21.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,464,637 shares of company stock valued at $144,511,167 in the last three months. 35.13% of the stock is owned by corporate insiders.

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.