Royal Bank of Canada Grows Stock Position in Samsara Inc. $IOT

Royal Bank of Canada raised its position in Samsara Inc. (NYSE:IOT) by 2.2% in the 1st quarter, Holdings Channel reports. The fund owned 1,256,067 shares of the company’s stock after purchasing an additional 27,235 shares during the period. Royal Bank of Canada’s holdings in Samsara were worth $39,805,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IOT. Brighton Jones LLC acquired a new position in shares of Samsara during the fourth quarter worth $13,464,000. Jones Financial Companies Lllp grew its holdings in Samsara by 2,444.6% during the 1st quarter. Jones Financial Companies Lllp now owns 17,787 shares of the company’s stock valued at $682,000 after purchasing an additional 17,088 shares in the last quarter. Empowered Funds LLC increased its stake in Samsara by 3.4% during the 1st quarter. Empowered Funds LLC now owns 10,168 shares of the company’s stock worth $390,000 after buying an additional 335 shares during the period. Marshall Wace LLP increased its stake in Samsara by 142.4% during the 2nd quarter. Marshall Wace LLP now owns 68,860 shares of the company’s stock worth $2,739,000 after buying an additional 40,450 shares during the period. Finally, Cresset Asset Management LLC acquired a new position in Samsara in the 2nd quarter worth $231,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Samsara Stock Performance

IOT opened at $37.22 on Tuesday. The company has a market capitalization of $21.69 billion, a P/E ratio of 372.24, a PEG ratio of 8.37 and a beta of 1.34. The company has a 50-day moving average of $34.54 and a 200-day moving average of $31.53. Samsara Inc. has a 1-year low of $23.38 and a 1-year high of $47.47.

Samsara (NYSE:IOT) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $478.84 million for the quarter, compared to analysts’ expectations of $455.21 million. Samsara had a net margin of 3.32% and a return on equity of 2.00%. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the company posted $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. As a group, sell-side analysts expect that Samsara Inc. will post 0.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider John Bicket sold 245,925 shares of Samsara stock in a transaction that occurred on Tuesday, July 7th. The stock was 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 approximately $3,456,380. This trade represents a 72.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 244,805 shares of the business’s 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 $9,001,479.85. Following the completion of the sale, the chief executive officer owned 94,000 shares of the company’s stock, valued at $3,456,380. This trade represents a 72.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,449,703 shares of company stock valued at $147,811,957 in the last quarter. Insiders own 35.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Morgan Stanley set a $43.00 price objective on shares of Samsara in a research report on Tuesday, July 21st. Weiss Ratings upgraded Samsara from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. KeyCorp reissued an “overweight” rating on shares of Samsara in a report on Friday, June 26th. Wolfe Research restated an “outperform” rating on shares of Samsara in a research note on Thursday, June 11th. Finally, Jefferies Financial Group upgraded Samsara to a “buy” rating in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.33.

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.