State of New Jersey Common Pension Fund D Boosts Position in Samsara Inc. $IOT

State of New Jersey Common Pension Fund D raised its position in Samsara Inc. (NYSE:IOT) by 8.9% during the first quarter, Holdings Channel reports. The fund owned 88,575 shares of the company’s stock after acquiring an additional 7,241 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Samsara were worth $3,395,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Samsara during the 4th quarter valued at about $13,464,000. Envestnet Asset Management Inc. increased its holdings in Samsara by 44.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 48,549 shares of the company’s stock valued at $2,121,000 after buying an additional 15,039 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Samsara during the fourth quarter valued at approximately $2,634,000. Guggenheim Capital LLC bought a new position in Samsara in the fourth quarter worth approximately $294,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Samsara by 262.0% during the 4th quarter. NewEdge Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after acquiring an additional 414 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on IOT shares. BMO Capital Markets raised their target price on shares of Samsara from $48.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, June 2nd. Zacks Research lowered Samsara from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. Wells Fargo & Company lifted their target price on Samsara from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, June 6th. Evercore ISI set a $45.00 target price on shares of Samsara in a research note on Wednesday, June 25th. Finally, Piper Sandler restated an “overweight” rating and set a $47.00 price target (down previously from $53.00) on shares of Samsara in a report on Thursday, August 7th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Samsara currently has an average rating of “Hold” and a consensus target price of $50.21.

Insider Activity

In related news, major shareholder Parallel Fund Iv L.P. Ah sold 399,026 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $41.33, for a total transaction of $16,491,744.58. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Marc L. Andreessen sold 399,026 shares of the stock in a transaction dated 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. Over the last three months, insiders have sold 2,596,739 shares of company stock worth $104,553,455. 46.49% of the stock is currently owned by insiders.

Samsara Price Performance

Shares of NYSE IOT opened at $32.9850 on Thursday. Samsara Inc. has a 1-year low of $31.40 and a 1-year high of $61.90. The business’s 50 day moving average is $37.51 and its two-hundred day moving average is $41.63. The stock has a market capitalization of $18.78 billion, a P/E ratio of -149.93 and a beta of 1.62.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, June 5th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%.The firm had revenue of $366.88 million during the quarter, compared to analysts’ expectations of $351.44 million. During the same quarter in the previous year, the business earned $0.03 EPS. The company’s quarterly revenue was up 30.7% on a year-over-year basis. Samsara has set its FY 2026 guidance at 0.390-0.410 EPS. Q2 2026 guidance at 0.060-0.070 EPS. As a group, equities research analysts anticipate that Samsara Inc. will post -0.3 earnings per share for the current fiscal 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.