Samsara Inc. (NYSE:IOT) Position Increased by Andra AP fonden

Andra AP fonden lifted its position in Samsara Inc. (NYSE:IOT) by 51.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,900 shares of the company’s stock after buying an additional 38,900 shares during the quarter. Andra AP fonden’s holdings in Samsara were worth $3,872,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in IOT. Boulder Hill Capital Management LP bought a new stake in Samsara in the fourth quarter worth approximately $1,115,000. Charles Schwab Investment Management Inc. boosted its holdings in Samsara by 9.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 969,429 shares of the company’s stock worth $32,360,000 after purchasing an additional 79,773 shares in the last quarter. CHURCHILL MANAGEMENT Corp increased its position in Samsara by 135.6% during the first quarter. CHURCHILL MANAGEMENT Corp now owns 60,251 shares of the company’s stock worth $2,277,000 after buying an additional 34,679 shares during the last quarter. Mission Wealth Management LP bought a new position in Samsara during the first quarter valued at about $1,100,000. Finally, Quarry LP acquired a new stake in shares of Samsara in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 89.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on IOT shares. Piper Sandler raised their price objective on Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. boosted their price objective on shares of Samsara from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. StockNews.com upgraded shares of Samsara from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Evercore ISI boosted their target price on shares of Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. Finally, Loop Capital upped their price target on shares of Samsara from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, September 6th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.07.

Insider Buying and Selling at Samsara

In other news, CAO James Andrew Munk sold 1,093 shares of the stock in a transaction 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 $15,123,445.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO James Andrew Munk sold 1,093 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $47.31, for a total transaction of $51,709.83. Following the transaction, the chief accounting officer now directly owns 319,667 shares in the company, valued at $15,123,445.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjit Biswas sold 96,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $29.49, for a total transaction of $2,831,040.00. Following the completion of the sale, the chief executive officer now directly owns 1,466,299 shares of the company’s stock, valued at approximately $43,241,157.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,520,813 shares of company stock worth $58,283,068. 60.04% of the stock is currently owned by insiders.

Samsara Stock Performance

IOT opened at $46.03 on Thursday. The firm has a market cap of $25.35 billion, a price-to-earnings ratio of -92.06 and a beta of 1.50. The firm’s 50-day simple moving average is $38.79 and its 200-day simple moving average is $36.34. Samsara Inc. has a twelve month low of $21.48 and a twelve month high of $47.68.

Samsara (NYSE:IOT) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. The firm had revenue of $300.20 million for 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 20.58%. The company’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share. As a group, sell-side analysts anticipate that Samsara Inc. will post -0.39 EPS 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.