Teachers Retirement System of The State of Kentucky Acquires 79,100 Shares of Samsara Inc. (NYSE:IOT)

Teachers Retirement System of The State of Kentucky raised its holdings in Samsara Inc. (NYSE:IOT - Free Report) by 52.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 228,889 shares of the company's stock after purchasing an additional 79,100 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Samsara were worth $8,773,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of IOT. NewEdge Advisors LLC grew its stake in shares of Samsara by 262.0% during the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after purchasing an additional 414 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Samsara in the first quarter valued at about $31,000. Fourth Dimension Wealth LLC bought a new stake in Samsara during the fourth quarter worth about $38,000. CWM LLC raised its holdings 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 acquiring an additional 836 shares in the last quarter. Finally, National Bank of Canada FI bought a new stake in Samsara in the fourth quarter valued at approximately $45,000. Institutional investors own 96.02% of the company's stock.

Insider Transactions at Samsara

In related news, major shareholder Parallel Fund Iv L.P. Ah sold 399,026 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $41.33, for a total value of $16,491,744.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marc L. Andreessen sold 399,026 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $41.33, for a total value of $16,491,744.58. The disclosure for this sale can be found here. Insiders sold 2,382,406 shares of company stock worth $100,248,460 in the last three months. Insiders own 46.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IOT. Morgan Stanley dropped their price objective on Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. BMO Capital Markets increased their price target on Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a research report on Monday, June 2nd. Piper Sandler set a $53.00 target price on Samsara and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Wells Fargo & Company boosted their target price on shares of Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Finally, Evercore ISI set a $45.00 price objective on Samsara in a report on Wednesday, June 25th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Samsara currently has a consensus rating of "Hold" and an average price target of $50.64.

Samsara Trading Down 1.2%

Shares of Samsara stock traded down $0.45 during trading on Thursday, hitting $38.17. The stock had a trading volume of 733,937 shares, compared to its average volume of 4,669,158. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of -173.48 and a beta of 1.63. Samsara Inc. has a 12 month low of $31.40 and a 12 month high of $61.90. The business's 50-day moving average is $41.67 and its 200 day moving average is $43.21.

Samsara (NYSE:IOT - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. The business had revenue of $366.88 million for the quarter, compared to analysts' expectations of $351.44 million. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%. The firm's revenue was up 30.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 earnings per share. As a group, equities analysts expect that Samsara Inc. will post -0.3 EPS for the current year.

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.