Public Employees Retirement System of Ohio Takes Position in Samsara Inc. $IOT

Key Points

• The Public Employees Retirement System of Ohio acquired 83,292 shares of Samsara Inc. (NYSE:IOT) in Q2, valued at approximately $3.31 million.
• Institutional investors now hold 96.02% of Samsara's stock, indicating strong institutional interest in the company.
• Samsara recently reported a 30.4% year-over-year revenue increase and beat earnings expectations, reporting $0.12 EPS against a forecast of $0.07.

Public Employees Retirement System of Ohio bought a new position in Samsara Inc. (NYSE:IOT - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 83,292 shares of the company's stock, valued at approximately $3,313,000.

A number of other institutional investors also recently bought and sold shares of IOT. Jennison Associates LLC boosted its stake in Samsara by 1,881.8% in the 1st quarter. Jennison Associates LLC now owns 11,763,133 shares of the company's stock worth $450,881,000 after purchasing an additional 11,169,571 shares in the last quarter. Vanguard Group Inc. boosted its stake in Samsara by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 23,495,471 shares of the company's stock worth $900,581,000 after purchasing an additional 2,516,882 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Samsara by 7.1% in the 1st quarter. Baillie Gifford & Co. now owns 35,277,488 shares of the company's stock worth $1,352,186,000 after purchasing an additional 2,348,101 shares in the last quarter. Bessemer Group Inc. boosted its stake in Samsara by 2,635,339.0% in the 1st quarter. Bessemer Group Inc. now owns 1,080,530 shares of the company's stock worth $41,418,000 after purchasing an additional 1,080,489 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Samsara by 58.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,823,484 shares of the company's stock worth $108,224,000 after purchasing an additional 1,047,068 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Zacks Research cut shares of Samsara from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. Wall Street Zen cut shares of Samsara from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Royal Bank Of Canada lifted their price objective on shares of Samsara from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. BMO Capital Markets decreased their price objective on shares of Samsara from $54.00 to $47.00 and set an "outperform" rating for the company in a research note on Friday, September 5th. Finally, Morgan Stanley lifted their price objective on shares of Samsara from $50.00 to $53.00 and gave the company an "equal weight" rating in a research note on Monday, September 8th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $49.38.

Samsara Price Performance

NYSE:IOT opened at $37.26 on Wednesday. The firm has a market cap of $21.37 billion, a price-to-earnings ratio of -232.84 and a beta of 1.61. The company has a 50 day moving average price of $36.77 and a 200-day moving average price of $39.25. 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 posted its 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 during the quarter, compared to analyst estimates 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 quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the previous 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. On average, sell-side analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current fiscal year.

Insider Activity

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 shares were sold at an average price of $38.55, for a total transaction of $30,582,910.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sanjit Biswas sold 133,410 shares of Samsara stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $38.97, for a total transaction of $5,198,987.70. Following the transaction, the insider directly owned 42,000 shares of the company's stock, valued at approximately $1,636,740. This trade represents a 76.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,715,775 shares of company stock valued at $139,717,268 in the last quarter. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.