OMERS ADMINISTRATION Corp Buys 17,582 Shares of Samsara Inc. $IOT

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Samsara Inc. by 35.7%, acquiring a total of 66,839 shares worth approximately $2.56 million.
• Brokerages have varying ratings for Samsara, with some lowering price targets; the average target price currently stands at $49.71.
• Samsara reported a quarterly revenue of $366.88 million, exceeding analyst estimates, and set fiscal year 2026 guidance of 0.390-0.410 EPS.

OMERS ADMINISTRATION Corp increased its position in shares of Samsara Inc. (NYSE:IOT - Free Report) by 35.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,839 shares of the company's stock after acquiring an additional 17,582 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Samsara were worth $2,562,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of IOT. B. Metzler seel. Sohn & Co. AG grew its position in Samsara by 181.2% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 15,568 shares of the company's stock valued at $597,000 after acquiring an additional 10,032 shares in the last quarter. Ieq Capital LLC acquired a new position in shares of Samsara during the first quarter valued at $1,977,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Samsara by 401.3% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 263,000 shares of the company's stock worth $10,081,000 after acquiring an additional 210,537 shares during the period. Comerica Bank increased its position in shares of Samsara by 6.6% during the 1st quarter. Comerica Bank now owns 617,373 shares of the company's stock valued at $23,664,000 after purchasing an additional 38,372 shares during the period. Finally, Synovus Financial Corp acquired a new stake in Samsara during the first quarter valued at approximately $221,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Activity at Samsara

In other Samsara news, insider John Bicket sold 170,000 shares of Samsara stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $39.42, for a total value of $6,701,400.00. Following the completion of the sale, the insider directly owned 367,642 shares of the company's stock, valued at approximately $14,492,447.64. The trade was a 31.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sanjit Biswas sold 160,000 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $39.58, for a total transaction of $6,332,800.00. Following the completion of the sale, the insider owned 78,000 shares in the company, valued at $3,087,240. This represents a 67.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,658,635 shares of company stock valued at $103,083,889 over the last three months. 46.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BMO Capital Markets boosted their target price on shares of Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a research note on Monday, June 2nd. Wall Street Zen lowered shares of Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Piper Sandler reaffirmed an "overweight" rating and set a $47.00 target price (down previously from $53.00) on shares of Samsara in a research report on Thursday, August 7th. Zacks Research downgraded shares of Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Finally, Wells Fargo & Company boosted their price objective on Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Samsara presently has a consensus rating of "Hold" and an average price target of $49.71.

Samsara Price Performance

IOT stock traded down $0.63 during midday trading on Tuesday, hitting $35.51. The company's stock had a trading volume of 4,388,080 shares, compared to its average volume of 4,688,070. The company's fifty day moving average price is $36.86 and its 200 day moving average price is $40.34. Samsara Inc. has a twelve month low of $31.40 and a twelve month high of $61.90. The stock has a market capitalization of $20.22 billion, a P/E ratio of -161.42 and a beta of 1.61.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. The business had revenue of $366.88 million during the quarter, compared to the consensus estimate of $351.44 million. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%.The company's quarterly revenue was up 30.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. Samsara has set its FY 2026 guidance at 0.390-0.410 EPS. Q2 2026 guidance at 0.060-0.070 EPS. Equities analysts expect that Samsara Inc. will post -0.3 EPS for the current fiscal year.

About Samsara

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.