B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 4,251 Samsara Inc. (NYSE:IOT)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Samsara Inc. (NYSE:IOT) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 4,251 shares of the company’s stock, valued at approximately $205,000.

Other large investors have also recently modified their holdings of the company. Baillie Gifford & Co. raised its holdings in Samsara by 23.4% in the third quarter. Baillie Gifford & Co. now owns 33,844,390 shares of the company’s stock worth $1,628,592,000 after purchasing an additional 6,411,178 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Samsara by 6.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 8,128,500 shares of the company’s stock worth $273,930,000 after acquiring an additional 500,400 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Samsara by 84.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,608,921 shares of the company’s stock worth $77,421,000 after acquiring an additional 734,619 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Samsara by 17.6% during the second quarter. Bank of New York Mellon Corp now owns 877,485 shares of the company’s stock worth $29,571,000 after acquiring an additional 131,452 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Samsara by 19.3% during the second quarter. Canada Pension Plan Investment Board now owns 621,200 shares of the company’s stock valued at $20,934,000 after purchasing an additional 100,300 shares in the last quarter. Institutional investors own 89.39% of the company’s stock.

Insider Activity at Samsara

In other news, insider Adam Eltoukhy sold 12,500 shares of Samsara stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $55.05, for a total transaction of $688,125.00. Following the transaction, the insider now directly owns 396,784 shares of the company’s stock, valued at $21,842,959.20. The trade was a 3.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO James Andrew Munk sold 1,093 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $47.31, for a total transaction of $51,709.83. Following the sale, the chief accounting officer now owns 319,667 shares in the company, valued at approximately $15,123,445.77. The trade was a 0.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,658,501 shares of company stock worth $76,995,090. Corporate insiders own 60.04% of the company’s stock.

Samsara Stock Down 1.5 %

Samsara stock opened at $55.50 on Tuesday. Samsara Inc. has a 52-week low of $26.13 and a 52-week high of $57.51. The company has a market cap of $30.88 billion, a P/E ratio of -115.63 and a beta of 1.52. The business has a 50-day simple moving average of $49.43 and a two-hundred day simple moving average of $41.56.

Samsara (NYSE:IOT) last announced its earnings results on Thursday, September 5th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $300.20 million during the quarter, compared to analysts’ expectations of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. The firm’s revenue was up 36.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.11) earnings per share. Research analysts anticipate that Samsara Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley boosted their price target on Samsara from $40.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. BMO Capital Markets upped their price target on shares of Samsara from $40.00 to $44.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a report on Friday, November 8th. BNP Paribas began coverage on shares of Samsara in a report on Tuesday, October 8th. They set a “neutral” rating and a $46.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.67.

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.