Legal Advantage Investments Inc. Has $398,000 Position in Samsara Inc. $IOT

Legal Advantage Investments Inc. raised its stake in shares of Samsara Inc. (NYSE:IOT) by 25.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 10,000 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Legal Advantage Investments Inc.’s holdings in Samsara were worth $398,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Keystone Financial Group Inc. boosted its stake in shares of Samsara by 300.0% during the 1st quarter. Keystone Financial Group Inc. now owns 600 shares of the company’s stock valued at $25,000 after buying an additional 450 shares during the period. Family Legacy Financial Solutions LLC acquired a new stake in shares of Samsara in the 2nd quarter valued at $40,000. AlphaQuest LLC lifted its stake in shares of Samsara by 519.6% in the 1st quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock valued at $40,000 after purchasing an additional 873 shares during the last quarter. CWM LLC lifted its stake in shares of Samsara by 385.3% in the 1st quarter. CWM LLC now owns 1,053 shares of the company’s stock valued at $40,000 after purchasing an additional 836 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Samsara by 31.9% in the 2nd quarter. UMB Bank n.a. now owns 1,904 shares of the company’s stock valued at $76,000 after purchasing an additional 461 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Samsara Price Performance

IOT opened at $36.96 on Friday. The company’s 50 day simple moving average is $36.88 and its 200-day simple moving average is $39.18. Samsara Inc. has a one year low of $31.40 and a one year high of $61.90. The stock has a market capitalization of $21.20 billion, a P/E ratio of -230.98 and a beta of 1.60.

Samsara (NYSE:IOT) last announced its quarterly earnings data 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. Samsara had a negative net margin of 6.16% and a negative return on equity of 7.53%. The business had revenue of $391.48 million for the quarter, compared to analyst estimates of $372.22 million. During the same period in the prior year, the business posted $0.05 earnings per share. Samsara’s revenue was up 30.4% compared to the same quarter last year. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. As a group, analysts anticipate that Samsara Inc. will post -0.3 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Samsara from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Wall Street Zen downgraded shares of Samsara from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Truist Financial boosted their price objective on shares of Samsara from $35.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, September 5th. Craig Hallum raised shares of Samsara from a “hold” rating to a “buy” rating and upped their target price for the company from $42.00 to $48.00 in a research note on Friday, September 5th. Finally, BMO Capital Markets lowered their target price on shares of Samsara from $54.00 to $47.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $49.55.

Insider Buying and Selling at Samsara

In other Samsara news, insider Sanjit Biswas sold 160,000 shares of the stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $38.36, for a total value of $6,137,600.00. Following the sale, the insider directly owned 36,000 shares in the company, valued at approximately $1,380,960. This trade represents a 81.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Bicket sold 170,000 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $38.35, for a total transaction of $6,519,500.00. Following the completion of the sale, the insider owned 36,000 shares in the company, 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. Over the last ninety days, insiders have sold 3,734,679 shares of company stock valued at $140,267,375. 46.49% of the stock is currently owned by corporate insiders.

Samsara Company 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.