Federated Hermes Inc. Purchases 132,268 Shares of Samsara Inc. $IOT

Federated Hermes Inc. raised its holdings in shares of Samsara Inc. (NYSE:IOT) by 18.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 858,266 shares of the company’s stock after purchasing an additional 132,268 shares during the period. Federated Hermes Inc. owned 0.15% of Samsara worth $34,142,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new position in shares of Samsara in the 2nd quarter worth approximately $28,000. Family Legacy Financial Solutions LLC acquired a new stake in Samsara in the second quarter valued at approximately $40,000. AlphaQuest LLC grew its holdings in Samsara by 519.6% in the first quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock worth $40,000 after purchasing an additional 873 shares during the last quarter. Whipplewood Advisors LLC grew its holdings in Samsara by 349.8% in the second quarter. Whipplewood Advisors LLC now owns 1,093 shares of the company’s stock worth $43,000 after purchasing an additional 850 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of Samsara by 906.9% during the second quarter. Allworth Financial LP now owns 1,168 shares of the company’s stock worth $46,000 after purchasing an additional 1,052 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insiders Place Their Bets

In other news, insider Sanjit Biswas sold 160,000 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $38.36, for a total value of $6,137,600.00. Following the transaction, the insider directly owned 36,000 shares of the company’s stock, valued at approximately $1,380,960. This trade represents a 81.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John Bicket sold 170,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $38.35, for a total transaction of $6,519,500.00. Following the completion of the transaction, the insider directly owned 36,000 shares in the company, valued at $1,380,600. This trade represents a 82.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,141,806 shares of company stock worth $81,962,750 in the last 90 days. 46.49% of the stock is currently owned by insiders.

Samsara Price Performance

IOT opened at $43.87 on Wednesday. The firm has a fifty day moving average price of $38.72 and a 200 day moving average price of $38.68. Samsara Inc. has a 1 year low of $31.40 and a 1 year high of $61.90. The stock has a market cap of $25.17 billion, a P/E ratio of -548.40 and a beta of 1.61.

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

Analyst Ratings Changes

IOT has been the topic of several research analyst reports. Royal Bank Of Canada boosted their target price on Samsara from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Morgan Stanley boosted their price target on Samsara from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday, September 8th. Evercore ISI set a $50.00 price objective on shares of Samsara and gave the company an “outperform” rating in a research report on Wednesday, October 1st. TD Cowen lifted their target price on shares of Samsara from $49.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Samsara in a research note on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.85.

Samsara Company 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.