38,011 Shares in Samsara Inc. (NYSE:IOT) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in Samsara Inc. (NYSE:IOT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 38,011 shares of the company's stock, valued at approximately $1,457,000.

Several other hedge funds have also bought and sold shares of IOT. Brighton Jones LLC bought a new position in Samsara in the 4th quarter valued at about $13,464,000. US Bancorp DE boosted its position in Samsara by 71.3% in the fourth quarter. US Bancorp DE now owns 5,283 shares of the company's stock valued at $231,000 after buying an additional 2,199 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Samsara in the fourth quarter valued at approximately $31,000. Victory Capital Management Inc. boosted its position in Samsara by 12.7% in the fourth quarter. Victory Capital Management Inc. now owns 76,442 shares of the company's stock valued at $3,340,000 after buying an additional 8,591 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Samsara during the fourth quarter worth $2,634,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IOT has been the topic of a number of recent research reports. Piper Sandler set a $53.00 price target on shares of Samsara and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Wall Street Zen lowered shares of Samsara from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Evercore ISI set a $45.00 price objective on shares of Samsara in a research note on Wednesday, June 25th. Wells Fargo & Company increased their target price on shares of Samsara from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, June 6th. Finally, BMO Capital Markets increased their target price on shares of Samsara from $48.00 to $54.00 and gave the company an "outperform" rating in a research report on Monday, June 2nd. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Samsara presently has a consensus rating of "Hold" and an average price target of $50.64.

Samsara Stock Performance

NYSE IOT traded down $0.38 on Friday, hitting $37.31. The stock had a trading volume of 4,123,383 shares, compared to its average volume of 4,020,906. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90. The company has a market capitalization of $21.24 billion, a price-to-earnings ratio of -169.59 and a beta of 1.63. The firm has a 50-day moving average of $42.58 and a 200-day moving average of $43.56.

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

Insider Buying and Selling at Samsara

In related 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 transaction, the insider owned 367,642 shares in the company, valued at $14,492,447.64. This trade represents a 31.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marc L. Andreessen sold 399,026 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $41.33, for a total transaction of $16,491,744.58. The disclosure for this sale can be found here. Insiders have sold 2,532,323 shares of company stock worth $105,452,742 in the last 90 days. 46.49% of the stock is owned by company insiders.

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.