LRI Investments LLC Buys Shares of 2,527 Samsara Inc. $IOT

LRI Investments LLC bought a new stake in Samsara Inc. (NYSE:IOT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,527 shares of the company’s stock, valued at approximately $101,000.

Several other large investors have also modified their holdings of IOT. Brighton Jones LLC purchased a new position in shares of Samsara during the 4th quarter worth about $13,464,000. GAMMA Investing LLC lifted its holdings in shares of Samsara by 33,119.7% during the 1st quarter. GAMMA Investing LLC now owns 21,925 shares of the company’s stock worth $840,000 after acquiring an additional 21,859 shares during the period. Rhumbline Advisers lifted its holdings in shares of Samsara by 26.0% during the 1st quarter. Rhumbline Advisers now owns 46,249 shares of the company’s stock worth $1,773,000 after acquiring an additional 9,552 shares during the period. Park Avenue Securities LLC purchased a new position in shares of Samsara during the 1st quarter worth about $273,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Samsara by 97.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,664 shares of the company’s stock worth $103,000 after acquiring an additional 1,317 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on IOT. Piper Sandler increased their price objective on shares of Samsara from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Samsara in a report on Wednesday, October 8th. BMO Capital Markets dropped their target price on shares of Samsara from $54.00 to $47.00 and set an “outperform” rating for the company in a research report on Friday, September 5th. Zacks Research downgraded shares of Samsara from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Finally, Craig Hallum raised shares of Samsara from a “hold” rating to a “buy” rating and increased their target price for the stock from $42.00 to $48.00 in a research report on Friday, September 5th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Samsara currently has a consensus rating of “Hold” and a consensus price target of $49.55.

Samsara Stock Up 1.9%

Shares of NYSE:IOT opened at $37.58 on Tuesday. Samsara Inc. has a 52-week low of $31.40 and a 52-week high of $61.90. The company has a 50 day moving average of $36.88 and a two-hundred day moving average of $39.16. The company has a market capitalization of $21.55 billion, a price-to-earnings ratio of -234.84 and a beta of 1.60.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The company had revenue of $391.48 million during the quarter, compared to the consensus estimate of $372.22 million. During the same quarter last year, the company earned $0.05 earnings per share. Samsara’s revenue for the quarter was up 30.4% on a year-over-year basis. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. On average, equities analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Sanjit Biswas sold 160,000 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $38.36, for a total transaction of $6,137,600.00. Following the completion of the transaction, the insider directly owned 36,000 shares in the company, valued at approximately $1,380,960. This represents a 81.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John Bicket sold 170,000 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $38.35, for a total value of $6,519,500.00. Following the transaction, the insider owned 36,000 shares of the company’s stock, valued at approximately $1,380,600. This trade represents a 82.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,734,679 shares of company stock valued at $140,267,375 over the last three months. Company insiders own 46.49% of the company’s stock.

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.