Hershey Trust Co. Has $476,000 Stock Position in Samsara Inc. $IOT

Hershey Trust Co. decreased its holdings in shares of Samsara Inc. (NYSE:IOT) by 61.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,432 shares of the company’s stock after selling 20,988 shares during the period. Samsara accounts for about 0.0% of Hershey Trust Co.’s holdings, making the stock its 3rd largest holding. Hershey Trust Co.’s holdings in Samsara were worth $476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of IOT. Baillie Gifford & Co. raised its position in Samsara by 15.0% during the 4th quarter. Baillie Gifford & Co. now owns 47,660,513 shares of the company’s stock valued at $1,689,565,000 after purchasing an additional 6,208,553 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Samsara by 58.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 11,878,112 shares of the company’s stock worth $421,079,000 after acquiring an additional 4,401,082 shares in the last quarter. Norges Bank purchased a new position in shares of Samsara in the 4th quarter valued at approximately $127,415,000. Vanguard Group Inc. lifted its stake in shares of Samsara by 11.5% in the 4th quarter. Vanguard Group Inc. now owns 33,134,549 shares of the company’s stock valued at $1,174,620,000 after purchasing an additional 3,417,849 shares during the period. Finally, State Street Corp boosted its position in shares of Samsara by 107.8% during the second quarter. State Street Corp now owns 5,611,956 shares of the company’s stock valued at $223,244,000 after purchasing an additional 2,910,916 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

IOT has been the topic of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $39.00 price target (up from $37.00) on shares of Samsara in a research note on Friday, March 6th. BMO Capital Markets raised their price objective on Samsara from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Royal Bank Of Canada raised their price objective on Samsara from $35.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. The Goldman Sachs Group set a $45.00 price objective on Samsara in a research report on Monday, March 2nd. Finally, KeyCorp raised their price objective on Samsara from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Samsara presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.18.

Insiders Place Their Bets

In other Samsara news, CAO Benjamin Louis Kirchhoff sold 2,554 shares of Samsara 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 owned 111,704 shares of the company’s stock, valued at approximately $3,068,508.88. This trade represents a 2.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Eltoukhy sold 5,473 shares of Samsara stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $30.21, for a total value of $165,339.33. Following the completion of the sale, the insider directly owned 468,305 shares of the company’s stock, valued at approximately $14,147,494.05. The trade was a 1.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,700,139 shares of company stock worth $79,212,871 in the last 90 days. 35.13% of the stock is currently owned by company insiders.

Samsara Trading Down 2.4%

Samsara stock opened at $36.47 on Thursday. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of -1,822.39, a PEG ratio of 11.12 and a beta of 1.34. The stock has a fifty day simple moving average of $30.53 and a two-hundred day simple moving average of $32.46. Samsara Inc. has a 12 month low of $23.38 and a 12 month high of $48.40.

Samsara (NYSE:IOT) last posted its earnings results on Thursday, March 5th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The business had revenue of $444.30 million during the quarter, compared to analyst estimates of $422.29 million. Samsara had a negative return on equity of 0.72% and a negative net margin of 0.56%.The company’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS. On average, equities research analysts forecast that Samsara Inc. will post 0.08 EPS for the current fiscal year.

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.