Strs Ohio Makes New $8.07 Million Investment in Samsara Inc. $IOT

Strs Ohio purchased a new position in shares of Samsara Inc. (NYSE:IOT) during the 2nd quarter, Holdings Channel reports. The fund purchased 202,884 shares of the company’s stock, valued at approximately $8,071,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Keystone Financial Group Inc. raised its holdings in Samsara by 300.0% during the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company’s stock worth $25,000 after acquiring an additional 450 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Samsara during the 2nd quarter worth approximately $28,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Samsara during the 2nd quarter worth approximately $40,000. AlphaQuest LLC raised its stake in shares of Samsara by 519.6% during the 1st quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock worth $40,000 after purchasing an additional 873 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Samsara by 385.3% during the 1st quarter. CWM LLC now owns 1,053 shares of the company’s stock worth $40,000 after purchasing an additional 836 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Insider Transactions at Samsara

In other Samsara news, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total transaction of $30,582,910.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Horowitz Lsv Fund I. Andreessen sold 793,331 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $38.55, for a total value of $30,582,910.05. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,729,363 shares of company stock worth $140,243,015 in the last ninety days. 46.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IOT. Evercore ISI set a $50.00 price target on shares of Samsara and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Truist Financial upped their target price on shares of Samsara from $35.00 to $39.00 and gave the company a “hold” rating in a report on Friday, September 5th. Wall Street Zen cut shares of Samsara from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Samsara in a research note on Wednesday, October 8th. Finally, Piper Sandler upped their price objective on Samsara from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $49.55.

Samsara Stock Up 4.0%

Samsara stock opened at $40.12 on Friday. The stock has a market cap of $23.01 billion, a P/E ratio of -250.74 and a beta of 1.60. Samsara Inc. has a twelve month low of $31.40 and a twelve month high of $61.90. The company’s 50-day moving average price is $38.22 and its two-hundred day moving average price is $39.34.

Samsara (NYSE:IOT) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $391.48 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm 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. Equities analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

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.