Samsara Inc. $IOT Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in Samsara Inc. (NYSE:IOT) by 18.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 858,266 shares of the company’s stock after acquiring an additional 132,268 shares during the quarter. Federated Hermes Inc.’s holdings in Samsara were worth $34,142,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of IOT. Jump Financial LLC grew its holdings in Samsara by 3,339.5% during the 2nd quarter. Jump Financial LLC now owns 264,600 shares of the company’s stock worth $10,526,000 after acquiring an additional 256,907 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in shares of Samsara during the 2nd quarter worth $231,000. Marshall Wace LLP grew its stake in shares of Samsara by 142.4% during the second quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock worth $2,739,000 after purchasing an additional 40,450 shares in the last quarter. Sands Capital Alternatives LLC increased its holdings in Samsara by 73.0% in the second quarter. Sands Capital Alternatives LLC now owns 438,485 shares of the company’s stock valued at $17,443,000 after buying an additional 185,053 shares during the last quarter. Finally, Sands Capital Management LLC raised its stake in Samsara by 17.2% in the second quarter. Sands Capital Management LLC now owns 19,276,210 shares of the company’s stock valued at $766,808,000 after buying an additional 2,833,049 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Morgan Stanley upped their price target on Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, September 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Samsara in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Samsara from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Royal Bank Of Canada upped their price objective on shares of Samsara from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Finally, Evercore ISI set a $50.00 target price on Samsara and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.85.

Insider Buying and Selling

In related news, insider John Bicket sold 24,162 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $38.15, for a total transaction of $921,780.30. Following the sale, the insider owned 218,173 shares of the company’s stock, valued at $8,323,299.95. This trade represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Eltoukhy sold 4,767 shares of Samsara stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $36.04, for a total value of $171,802.68. Following the completion of the sale, the insider directly owned 302,698 shares of the company’s stock, valued at approximately $10,909,235.92. This represents a 1.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,141,806 shares of company stock worth $81,962,750 in the last 90 days. Corporate insiders own 46.49% of the company’s stock.

Samsara Stock Up 0.3%

NYSE IOT opened at $43.87 on Wednesday. The stock has a market capitalization of $25.17 billion, a P/E ratio of -548.40 and a beta of 1.61. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90. The firm has a 50-day moving average price of $38.72 and a 200 day moving average price of $38.68.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.11). Samsara had a negative return on equity of 3.61% and a negative net margin of 2.79%.The business had revenue of $415.98 million during the quarter, compared to analysts’ expectations of $398.92 million. During the same quarter in the previous year, the company posted $0.07 EPS. The company’s revenue was up 29.2% compared to the same quarter last year. Samsara has set its FY 2026 guidance at 0.500-0.500 EPS and its Q4 2026 guidance at 0.120-0.130 EPS. On average, equities research analysts expect that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Samsara Profile

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.