US Bancorp DE Has $939,000 Stake in Samsara Inc. $IOT

US Bancorp DE boosted its position in Samsara Inc. (NYSE:IOT) by 13.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,597 shares of the company’s stock after acquiring an additional 2,765 shares during the quarter. US Bancorp DE’s holdings in Samsara were worth $939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jennison Associates LLC grew its stake in shares of Samsara by 1,881.8% in the first quarter. Jennison Associates LLC now owns 11,763,133 shares of the company’s stock worth $450,881,000 after purchasing an additional 11,169,571 shares during the last quarter. Vanguard Group Inc. increased its stake in Samsara by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company’s stock valued at $900,581,000 after buying an additional 2,516,882 shares during the last quarter. Baillie Gifford & Co. increased its stake in Samsara by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company’s stock valued at $1,352,186,000 after buying an additional 2,348,101 shares during the last quarter. Bessemer Group Inc. increased its stake in Samsara by 2,635,339.0% in the 1st quarter. Bessemer Group Inc. now owns 1,080,530 shares of the company’s stock valued at $41,418,000 after buying an additional 1,080,489 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Samsara by 58.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,823,484 shares of the company’s stock valued at $108,224,000 after acquiring an additional 1,047,068 shares during the period. Institutional investors own 96.02% of the company’s stock.

Insider Transactions at Samsara

In other news, insider Dominic Phillips sold 18,904 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $37.83, for a total value of $715,138.32. Following the completion of the sale, the insider owned 683,425 shares in the company, valued at approximately $25,853,967.75. This trade represents a 2.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Bicket sold 170,000 shares of Samsara stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $38.35, for a total transaction of $6,519,500.00. Following the sale, the insider owned 36,000 shares of the company’s stock, valued at $1,380,600. The trade was a 82.52% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,734,679 shares of company stock worth $140,267,375. 46.49% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IOT. BMO Capital Markets cut their price objective on shares of Samsara from $54.00 to $47.00 and set an “outperform” rating for the company in a report on Friday, September 5th. Truist Financial boosted their price target on shares of Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a research report on Friday, September 5th. Craig Hallum raised shares of Samsara from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $48.00 in a research note on Friday, September 5th. Royal Bank Of Canada increased their price objective on shares of Samsara from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Finally, Evercore ISI set a $50.00 price objective on shares of Samsara and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Samsara presently has a consensus rating of “Hold” and a consensus price target of $49.55.

Samsara Trading Up 0.4%

Samsara stock opened at $36.55 on Friday. The firm has a 50-day moving average price of $37.04 and a 200-day moving average price of $39.11. The firm has a market capitalization of $20.97 billion, a PE ratio of -228.43 and a beta of 1.60. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90.

Samsara (NYSE:IOT) last released its earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. The firm had revenue of $391.48 million during the quarter, compared to analyst estimates of $372.22 million. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The business’s revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the business earned $0.05 EPS. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. As a group, sell-side analysts predict 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.