SG Americas Securities LLC Makes New Investment in Samsara Inc. (NYSE:IOT)

SG Americas Securities LLC acquired a new stake in Samsara Inc. (NYSE:IOT) in the 3rd quarter, Holdings Channel reports. The firm acquired 10,939 shares of the company’s stock, valued at approximately $526,000.

Several other hedge funds and other institutional investors have also modified their holdings of IOT. Resources Management Corp CT ADV raised its stake in Samsara by 104.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 961 shares of the company’s stock valued at $32,000 after purchasing an additional 490 shares during the last quarter. Quarry LP bought a new position in shares of Samsara during the 4th quarter worth about $37,000. National Bank of Canada FI acquired a new position in shares of Samsara during the second quarter valued at about $38,000. Nemes Rush Group LLC bought a new stake in shares of Samsara in the second quarter valued at about $45,000. Finally, UniSuper Management Pty Ltd acquired a new stake in Samsara during the first quarter worth about $94,000. Institutional investors and hedge funds own 89.39% of the company’s stock.

Insiders Place Their Bets

In other news, CAO James Andrew Munk sold 1,093 shares of the 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 sale, the chief accounting officer now directly owns 319,667 shares of the company’s stock, valued at $15,123,445.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Samsara news, insider Adam Eltoukhy sold 8,500 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $50.01, for a total transaction of $425,085.00. Following the completion of the sale, the insider now directly owns 396,784 shares of the company’s stock, valued at approximately $19,843,167.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO James Andrew Munk sold 1,093 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $47.31, for a total transaction of $51,709.83. Following the completion of the transaction, the chief accounting officer now directly owns 319,667 shares in the company, valued at $15,123,445.77. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,948,089 shares of company stock valued at $83,198,447 in the last 90 days. 60.04% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on IOT shares. JPMorgan Chase & Co. upped their price target on Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. BNP Paribas began coverage on Samsara in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 target price for the company. Evercore ISI lifted their price target on shares of Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research note on Friday, September 6th. BMO Capital Markets increased their price objective on shares of Samsara from $40.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. Finally, Morgan Stanley lifted their target price on shares of Samsara from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $43.00.

Samsara Price Performance

Shares of IOT opened at $50.27 on Wednesday. The company has a market capitalization of $27.69 billion, a P/E ratio of -100.54 and a beta of 1.52. Samsara Inc. has a one year low of $21.48 and a one year high of $51.53. The business’s 50 day simple moving average is $44.35 and its 200-day simple moving average is $38.33.

Samsara (NYSE:IOT) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Samsara had a negative return on equity of 20.39% and a negative net margin of 24.19%. The company had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.53 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The business’s revenue was up 36.9% on a year-over-year basis. On average, sell-side analysts anticipate that Samsara Inc. will post -0.34 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.