Maryland State Retirement & Pension System Takes $519,000 Position in Samsara Inc. $IOT

Key Points

• The Maryland State Retirement & Pension System acquired a stake in Samsara Inc. worth approximately $519,000 by purchasing 13,039 shares in the second quarter.
• Samsara reported a quarterly earnings per share (EPS) of $0.12, exceeding analysts' expectations of $0.07, and showing a year-over-year revenue growth of 30.4%.
• Institutional investors own 96.02% of Samsara's stock, highlighting significant interest from large financial entities.

Maryland State Retirement & Pension System bought a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,039 shares of the company's stock, valued at approximately $519,000.

Several other large investors have also recently bought and sold shares of IOT. Keystone Financial Group Inc. lifted its position in shares of Samsara by 300.0% in the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company's stock worth $25,000 after purchasing an additional 450 shares in the last quarter. CWM LLC boosted its position in Samsara by 385.3% during the first quarter. CWM LLC now owns 1,053 shares of the company's stock worth $40,000 after purchasing an additional 836 shares during the period. AlphaQuest LLC boosted its position in Samsara by 519.6% during 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 period. Family Legacy Financial Solutions LLC acquired a new stake in shares of Samsara during the second quarter worth $40,000. Finally, UMB Bank n.a. lifted its holdings in shares of Samsara by 31.9% during the second quarter. UMB Bank n.a. now owns 1,904 shares of the company's stock worth $76,000 after buying an additional 461 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Samsara Trading Up 1.9%

Shares of IOT opened at $37.58 on Tuesday. The firm's 50-day moving average price is $36.88 and its 200-day moving average price is $39.16. The firm has a market capitalization of $21.55 billion, a price-to-earnings ratio of -234.84 and a beta of 1.60. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90.

Samsara (NYSE:IOT - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. The company had revenue of $391.48 million during 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%. Samsara's revenue was up 30.4% on a year-over-year basis. During the same period last year, the company posted $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. On average, research analysts forecast that Samsara Inc. will post -0.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on IOT shares. Weiss Ratings restated a "sell (d-)" rating on shares of Samsara in a research report on Wednesday, October 8th. Craig Hallum raised Samsara from a "hold" rating to a "buy" rating and increased their price target for the company from $42.00 to $48.00 in a research note on Friday, September 5th. Truist Financial boosted 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. BMO Capital Markets cut their target price on Samsara from $54.00 to $47.00 and set an "outperform" rating on the stock in a research report on Friday, September 5th. Finally, Royal Bank Of Canada increased their price target on Samsara from $44.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Samsara presently has a consensus rating of "Hold" and a consensus price target of $49.55.

Insider Buying and Selling

In other news, major shareholder Parallel Fund Iv L.P. Ah sold 793,331 shares of Samsara stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $6,519,500.00. Following the sale, the insider directly owned 36,000 shares of the company's stock, valued at $1,380,600. This represents a 82.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,734,679 shares of company stock valued at $140,267,375. Insiders own 46.49% of the company's stock.

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.

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