AustralianSuper Pty Ltd Purchases 7,351 Shares of Samsara Inc. $IOT

AustralianSuper Pty Ltd raised its position in Samsara Inc. (NYSE:IOT) by 26.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 34,884 shares of the company’s stock after acquiring an additional 7,351 shares during the period. AustralianSuper Pty Ltd’s holdings in Samsara were worth $1,388,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Samsara by 0.5% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 54,000 shares of the company’s stock valued at $2,070,000 after purchasing an additional 250 shares during the last quarter. Nemes Rush Group LLC increased its stake in Samsara by 7.8% in the 1st quarter. Nemes Rush Group LLC now owns 3,597 shares of the company’s stock valued at $138,000 after buying an additional 260 shares during the last quarter. Empowered Funds LLC lifted its position 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 in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Samsara by 13.1% during the 1st quarter. Advisors Asset Management Inc. now owns 3,022 shares of the company’s stock worth $116,000 after buying an additional 351 shares during the last quarter. Finally, Kieckhefer Group LLC boosted its stake in shares of Samsara by 1.2% during the 2nd quarter. Kieckhefer Group LLC now owns 30,870 shares of the company’s stock worth $1,228,000 after buying an additional 370 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IOT has been the topic of several analyst reports. Evercore ISI set a $50.00 target price on Samsara and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Samsara in a research report on Wednesday, October 8th. Morgan Stanley increased their price objective on Samsara from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, September 8th. BMO Capital Markets lowered their target price on shares of Samsara from $54.00 to $47.00 and set an “outperform” rating on the stock in a report on Friday, September 5th. Finally, Zacks Research lowered shares of Samsara from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.55.

Samsara Trading Up 1.8%

IOT stock opened at $39.98 on Tuesday. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90. The business’s 50 day simple moving average is $37.73 and its 200 day simple moving average is $39.29. The firm has a market capitalization of $22.93 billion, a PE ratio of -249.84 and a beta of 1.60.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, September 4th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The firm had revenue of $391.48 million during the quarter, compared to analysts’ expectations of $372.22 million. During the same period in the previous year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. 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 EPS for the current fiscal year.

Insider Buying and Selling at Samsara

In other Samsara news, insider Dominic Phillips sold 18,904 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $37.83, for a total transaction of $715,138.32. Following the completion of the sale, the insider directly owned 683,425 shares in the company, valued at $25,853,967.75. This trade represents a 2.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Bicket sold 170,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $38.66, for a total value of $6,572,200.00. Following the completion of the transaction, the insider directly owned 30,000 shares in the company, valued at $1,159,800. The trade was a 85.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,729,363 shares of company stock worth $140,243,015 in the last ninety days. Insiders own 46.49% of the company’s stock.

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.