Farther Finance Advisors LLC Has $237,000 Stock Holdings in Samsara Inc. $IOT

Farther Finance Advisors LLC raised its holdings in Samsara Inc. (NYSE:IOT) by 123.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,951 shares of the company’s stock after acquiring an additional 3,287 shares during the period. Farther Finance Advisors LLC’s holdings in Samsara were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IOT. Keystone Financial Group Inc. grew its stake in Samsara by 300.0% in the first quarter. Keystone Financial Group Inc. now owns 600 shares of the company’s stock valued at $25,000 after acquiring an additional 450 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Samsara during the first quarter worth about $31,000. CWM LLC boosted its position in shares of Samsara by 385.3% during the first quarter. CWM LLC now owns 1,053 shares of the company’s stock worth $40,000 after buying an additional 836 shares during the period. AlphaQuest LLC boosted its position in shares of Samsara by 519.6% during the first quarter. AlphaQuest LLC now owns 1,041 shares of the company’s stock worth $40,000 after buying an additional 873 shares during the period. Finally, Family Legacy Financial Solutions LLC acquired a new position in shares of Samsara during the second quarter worth about $40,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on IOT shares. Craig Hallum raised Samsara from a “hold” rating to a “buy” rating and upped their price objective for the stock from $42.00 to $48.00 in a research report on Friday, September 5th. BMO Capital Markets reduced their price objective on 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 cut Samsara from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Truist Financial upped their target price on Samsara from $35.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, September 5th. Finally, Piper Sandler upped their target price on Samsara from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Samsara has an average rating of “Moderate Buy” and a consensus target price of $49.38.

Insider Buying and Selling at Samsara

In related news, insider Sanjit Biswas sold 26,590 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $37.60, for a total transaction of $999,784.00. Following the sale, the insider owned 679,952 shares of the company’s stock, valued at $25,566,195.20. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Benjamin Louis Kirchhoff sold 4,933 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $37.47, for a total value of $184,839.51. Following the sale, the chief accounting officer directly owned 100,585 shares in the company, valued at $3,768,919.95. This represents a 4.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,715,775 shares of company stock valued at $139,717,268 over the last ninety days. 46.49% of the stock is owned by corporate insiders.

Samsara Stock Up 0.1%

NYSE:IOT opened at $37.26 on Wednesday. The firm has a market capitalization of $21.37 billion, a price-to-earnings ratio of -232.84 and a beta of 1.61. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90. The stock’s 50 day moving average price is $36.77 and its two-hundred day moving average price is $39.25.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, September 4th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $391.48 million for the quarter, compared to analyst estimates of $372.22 million. Samsara had a negative return on equity of 7.53% and a negative net margin of 6.16%.The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 earnings per share. Samsara has set its FY 2026 guidance at 0.450-0.470 EPS. Q3 2026 guidance at 0.110-0.12 EPS. Equities research analysts expect that Samsara Inc. will post -0.3 EPS for the current year.

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.